Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Ecoprogress Considers Licensing New Nanotech Technology

Abstract:
Mr John Banks reports:

In the past, the company has received several verbal inquiries regarding the licensing of its technology for the Flushaway™ Pads and Liners. However, there was not a strong enough business case or financial motivation to proceed. Recently, Ecoprogress has received expressions of interest from several parties regarding the licensing of our technology. Preliminary discussions have begun. The Company is seeking cash and royalties. Also, over the last 3 weeks, the company has reformulated its business plan at the request of one of the interested parties.

Ecoprogress Considers Licensing New Nanotech Technology

VANCOUVER, BC | Posted on February 23rd, 2007

The implementation of nanotechnology materials is continuing but has had some delays. Exceptionally bad weather in the USA delayed the delivery of certain materials to QuarTek that were necessary for production. Once a revised timetable is complete a further update will be provided.

After the Chinese New Year holiday, the production process will resume and is planned to be perfected in March using the new nanotech materials. This timetable is being confirmed following the delay in the USA. It is estimated that 3 containers of product using the nanotech materials will be manufactured as soon as the implementation is complete.

Beginning on February 14, 2007, John Banks was travelling outside of the country and will be returning to Canada approximately the last week in March. The travel plans include North America, Europe, Asia and possibly Australia.

Meetings are scheduled in London, England with potential brokers, product engineers, designers, and high net worth investors. Meetings in North America include brokers, investors, as well as QuarTek in North Carolina. Meetings with Highford Holdings in China and other potential strategic partners may also take place during this time.

Over the last two weeks the company has meet with agencies with regard to research grants for future product lines. Preliminary work has begun and a progress report will be issued as news becomes available.

The company has also reduced its accounts payable during February from approximately $340,000 to around $272,000. Also, the company is finalizing paperwork to close the second tranche of the $500,000 private placement. The company had already closed the first tranche for $304,050. It is expected to be oversubscribed.

In keeping with a tighter control over its distributors and brokers the Company is continuing its review and discussions to obtain the best financial yield for shareholders.

The company has sent the latest financials to a US market maker regarding a pink sheets listings. The companies shares can trade under the symbol "CEPGF" although most of the company's trading takes place on the TSX Venture market in Canada under the symbol "CES" The audited financials along with the recently completed quarterly statements were necessary to further the listing process.

Given the number of changes expected this year the company will be providing a regular progress report on the last Thursday of every month. Shareholders and interested investors are encouraged to submit their e-mail address to to receive these and other updates.

Flushaway™ pads and liners are now carried in K-Mart in the US, and Coles and Priceline in Australia. Product is also available in South Africa, the US Marines Corps worldwide and Bonjour in Hong Kong.

ON BEHALF OF THE BOARD OF DIRECTORS

John Banks, CEO and President

Consolidated Ecoprogress Technology Inc.

####

About Ecoprogress
Ecoprogress is diligently working on becoming a lead player in environmentally friendly, absorbent and plastic replacement products. Its first branded product, Flushaway™, provides women with the choice of a flushable feminine hygiene product.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the TSX-V and on SEDAR.

For more information, please click here

Contacts:
Consolidated Ecoprogress Technology Inc.
John Banks
CEO and President
(604) 738-7015 or Toll Free: 1-888-326-7764
(604) 738-7051 (FAX)
Email:

Copyright © Market Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Products

Aculon Launches NanoProof Series for PCB Waterproofing July 20th, 2015

Philips Introduces Quantum Dot TV with Color IQ™ Technology from QD Vision: Manufacturer is first to offer quantum dot displays for both TVs and monitors June 30th, 2015

Dais Analytic Unveils New Version of Aqualyte Membrane Technology: Updates to the Basis of the Company's Industry-Changing Nanotechnology Designed to Strengthen Position in Global Air, Energy, and Water Markets June 26th, 2015

Industrial Nanotech, Inc. Announces Launch of Heat Shield(TM) EPX4 Thermal Insulation and Chemical Resistant Coating June 12th, 2015

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 28th, 2015

Harris & Harris Group Portfolio Company, Bridgelux, Enters into Agreement to be Acquired by an Investment Group July 22nd, 2015

Harris & Harris Group Portfolio Company, OpGen, Gains $6 Million Investment From Merck GHI in Addition to New Acquisition July 16th, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Announcements

Nano Spray Instrument Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanocellulose Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Heating and cooling with light leads to ultrafast DNA diagnostics July 31st, 2015

Theoretical Physicists at Freie Universität Berlin Develop New Insights into Interface between Classical and Quantum Worlds July 31st, 2015

Financial Reports

Industrial Nanotech, Inc. Provides Update on PCAOB Audited Financials July 27th, 2015

Nanometrics to Announce Second Quarter Financial Results on July 23, 2015 July 2nd, 2015

Aspen Aerogels to Webcast 2015 Annual Meeting of Stockholders June 11th, 2015

Industrial Nanotech, Inc. Provides Update June 8th, 2015

Personal Care

Nanomaterials In Cosmetic And Personal Care Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Make mine a decaf: Breakthrough in knowledge of how nanoparticles grow: University of Leicester and CNRS researchers observe how nanoparticles grow when exposed to helium July 23rd, 2015

Environmentally friendly lignin nanoparticle 'greens' silver nanobullet to battle bacteria July 13th, 2015

Mesoporous Particles for the Development of Drug Delivery System Safe to Human Bodies June 9th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project