Eco Building Products Receives Confirmation to Proceed With Desert Crest Development in West Lancaster, California
VISTA, Calif., Dec. 22, 2011 /PRNewswire/ — Eco Building Products, Inc. (OTCBB: ECOB) announced today the Company has been notified that the Desert Crest Development in West Lancaster, California is now ready to proceed with construction of four models in first quarter 2012. This project awarded to the Company in February 2010, was delayed due to the tight financial markets and has now secured funding to proceed. ACS Development Corporation plans to build 4 model homes with production units to follow shortly after. Desert Crest is a unique project consisting of two phases, representing over $1,200,000.00 in additional contract orders to the Company for 2012. The first phase is twenty-two homes ranging from 2,100 to 2,700 square feet with a targeted sales price from the low 300,000 with expectations to sell out the first phase within six to eight months, cited Century 21, the sales and marketing agent for the project.
Desert Crest development is one of the few remaining new home developments available in Lancaster due to the water district not issuing any new water permits for new home builder tracts. All homes are being designed and certified as a GREEN development with integration of solar panels and other technically advanced building materials like Eco Red Shield(TM) protected lumber, EWP and Trusses.
“The Antelope Valley region has rebounded very quickly following the downturn in housing over 18 months ago. When we first selected this area to build, Lancaster was ranked the fastest growing city in the U.S. New homebuyers are now jumping back into this market because the homes are conveniently located for the many who work in Los Angeles, coupled with the fact that homes in this area are very reasonably priced,” stated Rick Wackeen, President of ACS Development Corporation.
“We have worked very hard to assist ACS Development with designing Green homes knowing that the market would eventually turn. This week’s movement of the Desert Crest project supports the recent headlines in the news of November housing starts surging in the USA. The Company is extremely pleased to be in a position to capitalize on this trend,” stated Steve Conboy, President and CEO of Eco Building Products.
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with ECOB WoodSurfaceFilm(TM) and FRC(TM) technology (Fire Retardant Coating). Eco Building products, “Eco Red Shield”, “Eco Blue Shield” & “Eco Clear Shield” utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. ECOB takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.
SOURCE Eco Building Products, Inc.