BEVERLY HILLS, CA -- (Marketwire) -- 09/07/10 -- Ecologix Resource Group (OTCBB: EXRG) announced today it has commenced a relationship with a leading timber importer based in India.
The Company has received an initial order for approximately 400 cubic meters of sawn timber and logs, or roughly $250,000 USD value, from a leading international timber importer. Ecologix expects this order to be the first of many from this importer, and estimates the order will grow exponentially to approximately 10,000 cubic meters on a monthly basis, equating to about $3 million in sales.
'Now is the ideal time to build our international alliances; we have the right leadership and infrastructure in place to effectively scale our operations. Today's announcement is congruent with our underlying strategy of fortifying our international network and developing key strategic alliances with leading timber importers. We hope this to be the first of many key strategic relationships we announce in the near future,' said Robert Radoff, president of Ecologix.
About Ecologix Resource Group
Ecologix Resource Group is a natural resource company focused on the timber industry and production of alternative energy solutions in accordance with the most stringent environmental standards regulating these industries. Ecologix has an unyielding commitment to global conservationism, and is structured to operate in a manner that is responsible, compliant and profitable. Presently, the Company's focus is primarily on the timber industry; however, as the business grows, Ecologix continues to explore opportunities with other natural resources such as biofuel and oil, and will evaluate other countries and geographies. Additional information on Ecologix Natural Resource Group is available on its website, www.ecologixrg.com.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that a number of factors could cause our actual results to differ materially from any results indicated in this release or in any other forward-looking statements made by us, or on our behalf. These include among others factors related to general economic conditions, interest rates, demand for materials handling products and construction equipment, performance of our manufacturing facilities and the cyclical nature of the materials handling and construction equipment industries. Further, historical information should not be considered an indicator of future performance. Additional considerations and important risk factors are described in our reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission.
Ecologix Resource Group
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