Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

NEI Corporation introduces UV-Protect Technology to NANOMYTE® Coating Line April 9th, 2018

STMicroelectronics Peps Up Booming Social-Fitness Scene with Smart Motion Sensors for Better Accuracy, Longer Battery Life, and Faster Time to Market January 2nd, 2017

Cutting-edge nanotechnologies are breaking into industries November 18th, 2016

STMicroelectronics’ Semiconductor Chips Contribute to Connected Toothbrush from Oral-B That Sees What You Don’t: Microcontroller and Accelerometer help brushers clean their teeth more effectively October 4th, 2016

Investments/IPO's/Splits

180 Degree Capital Corp. to Provide Live Remote Access to Its Annual Meeting of Shareholders on June 12, 2018 June 12th, 2018

Nanometrics Updates Time of Webcast at Stifel 2018 Cross Sector Insight Conference June 12th, 2018

Arrowhead Pharmaceuticals to Present at Upcoming June 2018 Conferences May 31st, 2018

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) March 20th, 2018

Announcements

Carbon nanotube optics poised to provide pathway to optical-based quantum cryptography and quantum computing: Researchers are exploring enhanced potential of carbon nanotubes for unique applications June 18th, 2018

Camouflaged nanoparticles used to deliver killer protein to cancer June 17th, 2018

Squeezing light at the nanoscale: Ultra-confined light could detect harmful molecules June 17th, 2018

Physicists devise method to reveal how light affects materials: The new method adds to the understanding of the fundamental laws governing the interaction of electrons and light June 15th, 2018

Financial Reports

180 Degree Capital Corp. to Provide Live Remote Access to Its Annual Meeting of Shareholders on June 12, 2018 June 12th, 2018

Nanometrics Reports First Quarter 2018 Financial Results: Record Revenues, Gross Margin and Earnings; Outlook Strengthens for FY 2018 May 1st, 2018

Nanometrics to Announce First Quarter Financial Results on May 1, 2018 April 10th, 2018

180 Degree Capital Corp. Reports Net Asset Value per Share of $2.60 as of December 31, 2017; A Decrease of 3.0% From Prior Quarter and an Increase of 11.1% From December 31, 2016 February 27th, 2018

Personal Care/Cosmetics

Graphene finds new application as anti-static hair dye: New formula works as well as commercial permanent dyes without chemically altering hairs March 22nd, 2018

Programmable materials find strength in molecular repetition May 23rd, 2016

Common nanoparticle has subtle effects on oxidative stress genes May 11th, 2016

NRL reveals novel uniform coating process of p-ALD April 21st, 2016

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project