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All I know is that they filed Chapter 7 and good ol' Daniel Correa took the patent (the only thing of value) and everything else and incorporated Inca Global Inc. (in Delaware)
What did he get for his troubles? A new job and 22,350,000 shares of the "new" company for $2,235... Go figure.
The SEC kicks them out as Eco Global and welcomes them right back in as Inca Global.
Who got screwed? Original investors... SEC is a joke.
http://www.faqs.org/sec-filings/120629/Inca-Global-Inc_10-K/
delisted! any chance of coming back or a gonner?
ECOG News ENFORCEMENT PROCEEDINGS Commission Revokes Registration of Securities of Eco Global Corporation for Failure to Make Required Periodic Filings
Tue, Feb 19, 2013 at 5:27 PMFeb 19
From
StockAlerts@scottrade.com
News for 'ECOG' - (ENFORCEMENT PROCEEDINGS - Commission Revokes Registration of Securities of Eco Global Corporation for Failure to Make Required Periodic Filings)
Feb 19, 2013 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via
COMTEX) -- On February 19, 2013, the Commission revoked the registration of each
class of registered securities of Eco Global Corporation (ECOG) for failure to
make required periodic filings with the Commission.
Without admitting or denying the findings in the Order, except as to
jurisdiction, which it admitted, ECOG consented to the entry of an Order Making
Findings and Revoking Registration of Securities Pursuant to Section 12(j) of
the Securities Exchange Act of 1934 as to Eco Global Corporation finding that it
had failed to comply with Section 13(a) of the Securities Exchange Act of 1934
(Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the
registration of each class of ECOG's securities pursuant to Section 12(j) of the
Exchange Act. This order settled the charges brought against ECOG in In the
Matter of Eco Global Corporation, et al., Administrative Proceeding File No.
3-15176.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j)
provides, in pertinent part, as follows:
No member of a national securities exchange, broker, or dealer shall make use of
the mails or any means or instrumentality of interstate commerce to effect any
transaction in, or to induce the purchase or sale of, any security the
registration of which has been and is suspended or revoked . . . .
For further information see Order Instituting Administrative Proceedings and
Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of
1934, In the Matter of Eco Global Corporation, et al., Administrative Proceeding
File No. 3-15176, Exchange Act Release No. 68664 (January 16, 2013). (Rel.
34-68947; File No. 3-15176)
Copyright (C) 2013 Federal Information & News Dispatch, Inc.
-0-
Source: Comtex Wall Street News
You can sell in the grey market after trading resumes ( 10 days ) if there is volume.
ECOG: SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-68663.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-68663-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-68664.pdf
Anybody got any updates on this company?
Anyone got an update on this company?
got some vol for some reason,probably people miss typing the other symbol!lol
I AM A STOCK HOLDER . WHAT CAN I DO?
Does anyone have any news about this one?
I see there was a little action last week, any reason why?
Pinksheets.com is rarely updated and therefore unreliable. Best is to go by SOS filings. I posted who the CEO is a while back.
So who is the new CEO now that Daniel is gone? He is still listed on Pinksheets.com as CEO.
Anyone that wants to go after their money back can send me a private note...I for one am not going to let this happen. If at least 2 more of you that lost money on this stock join me we will stop this exclusive transfer of this patent and the Incablock name. Additionally we will remove the current board members who approved this license to Daniel Correa, and do something positive with the patent and name when we get it back to use. It is your choice, but I will not do it again by myself.
I have a real question for anyone interested: If Daniel Correa's 22,350,000 shares (Value $.00001) of the new Incaglobal are only worth the $2,000 it cost him and he controls 82.2% of the corporate stock and AVP owns 3,000,000 shares of common stock based upon their agreement, and this new Incaglobal has no debt and the exclusive incablock patent, just what does that really leave the value of ECOG stock that has $500,000 in debt over 6 months old, corporate officers not offering any ideas of where the business is going (probably because they all had ECOG shares "initially" before early 2010) and has no legal right to sell and market their Incablock product any longer. LESS THAN THE $0.00001!!!"OUR BUSINESS
Really even 1,500,000 of the common shares of the new INCAGLOBAL is contingent upon AVP getting a loan for Incaglobal so Correa literally owns 22,350,000 of the 23,850,000 common shares if there is no loan received or almost 94% of the new corporation. This is so much better for him as ECOG new stockholders (most on this board) paid for him to better his product and get out of the Brown debt, Brown shares, and he pocketed whatever he profited from the shares to us with us getting pieces of paper.
Can you guys not see that he has cleaned off the old debt of Randy Brown, and dumped the ECOG stockholders that bought in early in 2010 with all those wonderful announcements, and gutted ECOG of almost everything to do with Incablock so that he would own almost everything again!!!
"From inception May 4, 2010, Accelerated Acquisitions XI, Inc. was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objectives were to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company has not restricted our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.
On May 4, 2010, the Registrant sold 5,000,000 shares of Common Stock to Accelerated Venture Partners, LLC for an aggregate investment of $2,000.00. The Registrant sold these shares of Common Stock under the exemption from registration provided by Section 4(2) of the Securities Act.
On March 7, 2011, Daniel Correa, PhD. agreed to acquire 22,350,000 shares of the Company’s common stock par value $0.0001 for a price of $0.0001 per share. At the same time, Accelerated Venture Partners, LLC agreed to tender 3,500,000 of their 5,000,000 shares of the Company’s common stock par value $0.0001 for cancellation. In addition, under a separate Consulting Services Agreement entered into on the same day (which is described below), AVP received an option pursuant to the Consulting Services Agreement to purchase 1,500,000 shares of the Company’s common stock for a price of $0.0001 per share, which AVP immediately exercised. The 1,500,000 shares purchased under option by AVP are subject to repurchase by the Company therefore new shares were issued and a portion of the AVP shares issued May 4, 2010 were tendered. Following these transactions, Daniel Correa, PhD, owned 88.2% of the Company’s 25,350,000, issued and outstanding shares of common stock par value $0.0001 and the interest of Accelerated Venture Partners, LLC was reduced to approximately 11.8% of the total issued and outstanding shares. Simultaneously with the share purchase, Daniel Correa, PhD was appointed to the Company’s Board of Directors. Such action represents a change of control of the Company.
Prior to the purchase of the shares, Daniel Correa, PhD. was not affiliated with the Company. However, Daniel Correa, PhD. will be deemed affiliates of the Company after the share purchase as a result of their stock ownership interest in the Company. The purchase of the shares by Daniel Correa, PhD. was completed pursuant to written Subscription Agreements with the Company. The purchase was not subject to any other terms and conditions other than the sale of the shares in exchange for the cash payment. The Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of Delaware in order to change its name to “IncaGlobal Inc.” that went affective April 6, 2011."
Has anyone found anything on "Accelerated Acquisitions XI, Inc. in Deleware? I can only find XII which was started on May 5, 2010 not May 4, 2010 and it, as can be seen below is Delinquent in it filings this you and paying fees.
Department of State: Division of Corporations
--------------------------------------------------------------------------------
Entity Details
--------------------------------------------------------------------------------
File Number: 4819797 Incorporation Date / Formation Date: 05/05/2010
(mm/dd/yyyy)
Entity Name: ACCELERATED ACQUISITIONS XII, INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
Status: AR DELINQUENT, TAX DUE Status Date: 03/05/2011
REGISTERED AGENT INFORMATION
Name: BUSINESS FILINGS INCORPORATED
Address: 108 WEST 13TH STREET
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (800)981-7183
U - AR delinquent, Tax due -This represents a corporation that has not filed the required annual report and there are delinquent taxes due.
Has anyone checked on when this new IncaGlobal corporation was started and by whom? $2000 to start it right after the early 2010 Pump and Dump!!!
The below statements are from IncaGlobal public information.
"Notes to Financial Statements
June 30, 2010
NOTE 1 - ORGANIZATION
Organization and Line of Business
Accelerated Acquisitions XI, Inc. (the "Company") is currently a blank check company under the provisions of Statement of Financial Accounting Standards ("SFAS") No. 7 and was incorporated under the laws of the State of Delaware on May 4, 2010. The Company’s purpose is to raise capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business."
This was during the time some of the post on this site state that individuals had spoken to Daniel Correa and everything was great with the new projects coming in. A new ship was being prepared by someone to set sail with the Exclusive rights to the Incablock name and patent.
BDaddy: Have you seen anything or heard anything they have in mind? The reason for the corp not folding is that there is a two year statute of limitations on several of the things that I personally believe have been done here against you guys. None of the announcements made last year, if any of them were even viable and real to begin with, can be carried out by Eco Global Corporation. All the rights to those systems have been "exclusively" licensed to Daniel Correa and his new Inca Global. Every process on those projects are covered in Inca Global's 8K. ECOG appears left with the Randy Brown debt of $500,000.00+ which was due in full December 31, 2010 and stock that is so diluted that none of us even know the extent, as Daniel creatively and exclusively moved the only asset of ECOG out to himself and the new company. An asset that he has been stating had a value of over $2,000,000.00 but the Board of Eco Global give him exclusive use of for an alleged $100,000.00 debt to him? It only takes 3 of you that lost money during the great Pump and Dump of 2-24-2010 through 4-15-2010 to stop this problem for good.
There is a pattern here whereby investors in the original Incablock lost money as the patent was taken to DPSS in North Dakota, then private investors lost money as the corp was changed to Nevada and ECOG, whereby then myself and others lost money, plus then the early 2010 pump and dump diluting the shares, and now the exclusive rights to use the patent is going to a new company that has no debt and first thing they are attempting to do is get funding while all the investors in ECOG are left with nothing but debt and no corporation direction.
No reason to sell. The company has something in mind or why not fold up shop. We will see how it all plays out.
YOU GUYS BETTER WAKE UP QUICKLY!!!
If the statements on the 8K/A for Inca Global are correct, right now ECO GLOBAL is worth only the 2% royalties that Inca Global gets off of third party lincensees and the 3% that Eco Global receives from Inca Global.
Consider: The License is "Exclusive" and it is "Worldwide"!!!
"pursuant to discussion between the Company's Chief Executive Officer (CEO) Daniel D. Correa and Eco Global Corps board of directors that lead to the Company being granted an, exclusive license for certain territories for intellectual property INCABLOCK? developed by Licensor, principally comprising of a unique intellectual property for the production of Concrete Interlocking Modular Blocks System,..."
The certain territories are:"Licensor granted to Licensee an exclusive, non-transferable, license for use in the Territory (worldwide rights),..."
SO DANIEL CORREA'S NEW Inca Global get the Exclusive License on the World to market the Incablock system!!! For 30 years!!!
The term of the Licensing Agreement and of the rights, authorities and licenses granted to the Licensee pursuant to the Licensing Agreement for (i) the Technology, (ii) any improvements of or to the Technology, or (iii) any product which embodies the Technology or such improvements shall commence upon execution of this Agreement and continue for thirty (30) years, provided that the Licensee is not in breach or default of any of the terms or conditions contained in this Agreement.
NOW THE MOST IMPORTANT POINT: Eco Global cannot sell or license the Incablock system to any other party!!! The Inca Global agreement takes everything regarding INCABLOCK from Eco Globa and the 8K/A clarifies the new difference between the companies as follows:
"The material different between Inca Global and Eco Global is that the Company will design, manufacture, promote and sell the individual INCABLOCK? verses Eco Global's business model of designing new types of blocks and selling licenses for intellectual property as it has done with the Company to collect a royalty."
BASICALLY ONCE INCA GLOBAL was issued this exclusive and worldwide license, they ONLY have the authority to design, manufacture, promote and sell the individual INCABLOCK, while Eco Global is left to "DESIGN NEW TYPES OF BLOCKS AND SELLING LICENSES FOR INTELLECTUAL PROPERTY, AS IT HAS DONE WITH THE COMPANY TO COLLECT A ROYALTY." Meaning that Eco Global will have to design a new type of block (NOT INCABLOCK) to sell licenses for. Because Daniel Correa's Inca Global now has the exclusive and worldwide license for the Incablock system that was the only asset of Eco Global Corporation, Inc.
Basically Daniel Correa has dumped Eco Global Corporation to have a cleaner ship to bring in investment for his Incablock System. He used me and others, then there was the Pump and Dump early last year (at the start of this board) that brought in most of the people that have been on this board, and then when ECOG had too much baggage it was dumped so he could get to his new Inca Global, Inc.
YOU CAN STOP HIM BUT YOU HAVE TO ACT NOW!! Remember The Eco Global Corporation, Inc. officers and board were put in place by Daniel Correa and they are the ones who apparently made this exclusive deal with him and his new company and left all ECOG investors with probably nothing.
I told you guys in April that Daniel would find a way to take the Patent and anything worth while out of ECOG before he left it. Just like I warned you early last year that the stock was being pumped up by all of those announcements so that some could be dumped. My bet is that if any of those deals had any merit at all they are now being lined up for IncaGlobal.
There was an agreement, services were rendered, but those services were not paid for. I couldn't care less about the quality of the services. I never said the services performed by Correa were "good". You put those words in my mouth.
I am just stating the facts buddy, and you are of course dancing around the truth, just like any jaded bagholder.
"Those services were "rendered" which means they were completed, carried out, or acted upon"
So according to your "fucking" English major interpretation, Correa has done some good work for ECOG and deserves to be compensated for it.
I say keep shorting the stock and I will buy all you've got to offer.
Excellent, maybe the new team will do something with the company and finally get this puppy movin!
Good riddance! He hasn't been since January of this year.
The new team is
http://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=x4hoq8QMSdw8nrqBDmp5yg%253d%253d
So is Correa still CEO ? If not who is? On pinksheets.com it says he is.
All I ask is that you give your own interpretation of "Pursuant to the Licensing Agreement, Eco Global granted the Company the following rights for $100,000 dollars that was owed to Mr. Correa for services rendered to Eco Global"
My own is as follows:
Correa sold 7 million shares out of 20 million and left ECOG stranded without any SEC filings when he took over at ECOG. He's now gone and ECOG is getting paid $100K. So do you think ECOG is going to give him the $100k?
Try and get this. Correa pays ECOG $100k for the license to pay himself back for some work he performed while CEO of ECOG.
I realize the news is not from ECOG and it's only meant for Correa and his new company. So of course he's going to convolute statements to make himself and his new company look good.
I don't know what you're talking about. Correa fooled everyone last year and there is no argument about that.
In terms of distorting news, you got it all wrong but you're entitled to your own opinion of course.
Form 8-K/A for INCA GLOBAL, INC
--------------------------------------------------------------------------------
10-Jun-2011
Entry into a Material Definitive Agreement, Change in Shell Company Status, Fi
http://biz.yahoo.com/e/110610/14979178-k_a.html
Rite,,,
On March 11, 2011, the Company entered into a Licensing Agreement ("Licensing Agreement") with Eco Global Corp. a Nevada Corporation ("Licensor") pursuant to which the Company was granted an, exclusive license for certain territories for intellectual property developed by Licensor, principally comprising of a unique intellectual property INCABLOCK? for the production of Concrete Interlocking Modular Blocks System, which can be safely and efficiently assembled without any mortar (the "Technology"). The license includes the use of US patent No. 7,305,803 with an expiration date of May 16, 2025 and Trademarks under serial No. 77/439,024. The Company, with the IncaBlock technology, intends to license the ability to design, manufacture and market customized concrete block products, interlocking concrete blocks, roofing structures, light concrete aggregate panels and a "kit system" of a pre-fabricated houses or structures on a standard format or custom made basis according to customer blue prints.(see Item 1.01, above).
Accelerated Acquisitions, XI, Inc. is an emerging growth company that has licensed technology to entry into a unique business business of designing, manufacturing and marketing customized concrete block products, interlocking
Dr. Daniel D. Correa is now Chief Executive Officer W/
Accelerated Acquisitions XI, Inc.
http://investing.businessweek.com/businessweek/research/stocks/private/snapshot.asp?privcapId=110170827
Of course, but there was no revenue, period.
The 100K was owed to Mr. Correa and they couldn't pay him. End of story.
Oh that's right. The "smear campaign against my darling pinky" angle. Or is it the "former CEO is the devil" angle? Or the "I'm a bagholder and will distort any news into my favor" angle.
So where's the ECOG filing that discusses all this? Oh that's right. They stopped filing with the SEC.
So at least you agree, that WE OWN THE PATENT!!!!!!
Mr. Correa got paid all the money he deserved when he decided to sell 7,000,000 of the 20,0000,0000 he was given when he came on board. The 100k belongs to ECOG. You need to acquaint yourself with the history of ECOG. Some of us have been here over a year now
Remember this filing is not on behalf of ECOG so it's not published to make ECOG look good.
Nope, you're wrong. There was no revenue.
Even though ECOG holds the patent, they were the ones who OWED Correa 100k for "services rendered", so instead of forking up the cash and paying him, they are letting him use the license free of charge.
They were the ones who were supposed to pay HIM 100K and not the other way around.
Forgot to mention 2% royalties on sales. I think something is definitely brewing for ECOG.
As I always say, the tape never lies and now we know exactly why the PPS is on the move.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7987713&companyid=833994&ppu=%252fdefault.aspx%253fcompanyid%253d833994
We just made revenue of $100,000, that's why PPS is on the move. We can sell or license the patent to whomever needs it, including Correa himself. I think the lawsuits although they took long proved not to mess with public investments
You're actually wrong. Patent is now owned by ECOG and not Correa.
Read the article closely...We're the licensor (ECOG) and INCABLOCK is the licensee. ECOG got paid $100,000 for this license plus conditions and terms with consequences in case they get breached.
We own the patent without Correa along with it apparently.
Thanks, I've been holding shares in this for quite awhile, looking forward to it moving up.
I don't think so. It is specifically stated that Mr. Correa has no ties to ECOG any longer.
i figured that out. but doesn't all this mean that they will be using ECOG as there ticker
so no longer a shell?
ok, this damn stock has my head spinning. lol, what company is it that is no longer a shell ?
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ECO Global Corporation 123 Worthington Street Suite 203 Spring Valley CA. 91977 USA Tel (619) 550.2396 Fax (619) 630.9432
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Mission Statement To be a platform to solve different massive global problems for which we’ll seek out, embrace, and nurture the finest talent, to make a sustainable innovation with technology and science possible and to deliver the best solutions with the highest value products and services for them. |
ECO GLOBAL CORPORATION a publicly traded company OTCBB: ECOG) (formally Driver Passport Inc.)., on November 4, 2008 completed its acquisition of the Incablock Patent # 7,305,803 expiring May 16, 2025 and any associated Trade Secrets in the assembly and use of the patent. As conditions of the closing, 16,750,000 shares of Driver Passport Inc. were canceled and the issuances of 20,000,000 new shares of Driver Passport Inc. were issued to Incablock International Inc. In addition of the acquisition the Parties granted the first right refusal to acquire the current existing assets of Incablock de Mexico SRL de C.V., consisting of an industrial real estate site for a concrete block plant located in Tecate, Baja California, invested and is acquiring the rights to Manage Exclusively an Amorphous Silica mine operation (Pozzolan) in Guerrero, Mexico, where it plans to open a manufacturing facility to produce the Incablock construction system |
Management CEO, Dr. Daniel Correa, has held prior CEO positions with Incablock LLC., the developer of the Incablock Construction System, Card Mart Plus USA, Inc., an international debit card company and Arriba, Inc., an Small Houseware electric company that developed and marketed “The Steam Machine” via the Sears catalog to revenues exceeding $17 million. Dr. Correa holds a doctorate degree in construction science and has served as Director of the Construction Research & Development Team for the Wind Obelisk project, sponsored by the National Geographic Society Expedition and the History Channel. Mr. Harry Elliott Company Secretary and Director has served as a Director and the secretary for Hometrend, Inc., and Ameramex, Inc., both publicly traded companies, he also worked as an executive for First American Title, he has many years of experience in corporate levels. Mrs. Joan Wilson Company Director was the Deputy Secretary and the Director of Housing and Transportation for the State of California through 2008. Mrs. Wilson brings many years of experience in the housing industry, prior to that post she was the CEO of the California Lottery, managing billions of dollars of revenues, her experience in these fields brings to the company a different perspective of the opportunities in the market. Mr. Wodolymyr Starosolsky Company Director has served as director and Chairman of the Board for Veritec, Inc., a publicly traded company. Graduated from the University of California, HastingsCollege of the Law, in San Francisco with a Juris Doctor (J.D.) degree, also holds a B.A. degree in political science from U.C.L.A.. Company Consultants Mr. Howard Behling, Consultant, has invested and assisted the Company for the last four years. Mr. Behling will help utilize his extensive experience with capital markets and public companies, having served as a Vice President with Merrill Lynch, Prudential, and E.F. Hutton. Mr. Behling has considerable experience in real estate and development as CEO of HOMETREND Inc., since 1989. HOMETREND was the first public real estate franchise company in the United States with over 150 offices. Mr. Behling was recognized by Success Magazine and Arthur Anderson for “Best Managed Company in Real Estate”. Mr. John O’Brien, Consultant. Prior to owning his own consultancy Mr. O’Brien has held several senior executive positions with General Electric, Rockwell International and Whirlpool Corporation. Having worked and lived overseas on four continents he is experienced in international business and is advising the company primarily in international sales, marketing and licensing/joint ventures. |
US Patent for INCABLOCK USPTO Patent Full-Text and Image Database US 7,305,803 B2 |
BREAKING NEWS
Eco Global Kit Order Equates to a $7.3 Million Sale 04/12/2010, 9:00 am EDT
Eco Global Corporation Receives First Letter of Intent for 700 Kit Houses 04/08/2010, 9:00 am EDT
UPDATE: Eco Global Corporation to Gear Up Production for Flex House Kit 04/06/2010, 11:02 am EDT
Eco Global Corporation Has Submitted Its "Flex Designed" for Mexico 03/24/2010, 9:00 am EDT
Eco Global to Sell License in Guerrero, Mexico 03/19/2010, 12:00 pm EDT
A New Audio Interview with Daniel Correa, President and CEO of Eco Global Corporation is now at SmallCapVoice.com 03/04/2010, 9:00 am EST
Eco Global Introduces Green ECO House for Mexico 02/26/2010, 10:41 am EST
Eco Global Corporation Receives Letter of Intent for New Development 02/24/2010, 9:30 am EST
Eco Global, a Specialized Home Builder, Waives Licensing Fees to Individuals, Builders and Contractorsin Haiti 01/26/2010, 5:28 pm EST
Past News Events for Eco Global
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Manufacturing Proprietary Technology that specializes in pre-manufactured houses, commercial and industrial structures. The opportunity to use the INCABLOCK™ Construction System is offered through direct sales programs and joint venture projects and is available for manufacturing, marketing, construction or sales worldwide.
Incablock an Eco Global Corporation’s product line provides state of the art low technology that allows us to rapidly develop entire communities with our construction system; incorporating among others eco-friendly materials, such as natural Pozzolan (volcanic material). Our highly energy-efficient architectural designs take advantage of all forms of nature’s energy sources which additionally allow for effective low cost solar electricity and water heating systems. The INCABLOCK™ concrete blocks are used for conventional construction of walls and entire houses or buildings. It also provides greater design flexibility while providing significantly greater structural strength and earthquake resistance when compared to standard concrete blocks.
To exemplify the practicality of INCABLOCK-based housing, Eco Global has built several model homes in varying configurations for the Mexican government programs. This effort has positioned the company to finalize an agreement calling for the building of a large number of affordable INCABLOCK homes in Mexico. To facilitate large low cost developments, Eco Global has created a turnkey program that includes all the elements needed for a successful operation anywhere in the world: the licensing for manufacturing INCABLOCKS on site, all the necessary equipment, and complete set up procedures, specification software, factory training, and on-call field support. Under the right circumstances, Eco Global will also consider joint venture partnerships with developers.
Gravity Retaining Walls PETROMURO offers an ideal substitute for conventional reinforced concrete. The PETROMURO Wall System has demonstrated the capability to safely withstand tremendous load pressures. Some applications of the PETROMURO Wall System are: Hillside retaining, highway and roadside support, slope stabilization and erosion control, garden walls, and noise abatement barriers.
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Licenses for Manufacturing Manufacturing of the INCABLOCK wall system Manufacturing of Pre-stressed Concrete Joists System for Roofing Structures. Turn Key Program Joint Ventures Know-How & Technology Transfer Manufacturing Training Financing |
Market The company's general market is the construction industry Worldwide in general. The ‘fast-start’, operations will begin in Mexico and the USA where the construction industry uses concrete blocks for commercial construction and is already moving toward the use of concrete blocks for housing, in the eastern States and eventually will move throughout the country. The company plans to begin in the first quarter 2010 the sale of Licenses for manufacturing in the North American region; Canada, USA and Mexico. International Markets
The company has established several representatives worldwide, and has commenced technical negotiation and offers for; USA, Mexico, Brazil, Jordan, Iraq, Peru, UAE, Libya, Canada, Russia, Mongolia and Venezuela. MEXICAN ‘fast-start’ market Mexico, as well of the rest of the world, constructs all types of edifices - including housing, commercial and industrial facilities with concrete blocks. Mexico is already acceptant of “block construction”. The construction of housing revenues is an intrinsic part of their GDP, their housing deficit is 5 million houses and the current administration’s plan is to build at least 1 million houses a year. At this time the company maintains operations in Mexico, the following are the ongoing plans for the country: 1- We are negotiating with local hardware and furniture stores, engineers and architects to sell our Inca Housing Building catalog product line in the State of Baja California, we offer a commission on sales made by them, we are also negotiating with other States (Michoacan, Baja California, State of Mexico, Guanajuato, San Luis Potosi, Guerrero, and Puebla) to open or take over operations for the Incablock product manufacturing. 2- We are offering Licensing for manufacturing to block makers and strategic partner throughout Mexico, specifically in the states outline above at this time. 3- We are negotiating with large developers to joint venture in large housing projects, at this in Morelia for Police housing (1900 houses) and we are negotiating with a developer for several thousand houses for projects in two central states in Mexico as well as Baja California.
Competition USA The masonry industry in the USA is actively seeking new innovative products that can impact the industry. The National Concrete Masonry Association created a "Product Development and Creative Concepts Committee" to look for a product such as INCABLOCK™. Although there exists a plethora of concrete masonry manufacturers, competition in the inter-locking block segment is extremely limited. There are a few interlocking products (dry stack) but only one significant participant in the market at this time. One of the most used products in the “dry- stack” industry so far (interlocking blocks) is the Haener Block. This product line is considered a dry stack block, and it has three basic units: the stretcher block, the corner block, and the end block. The block interlocks only on top and bottom with a couple of raise finger-like edges where the other block engages. All the features of these blocks are straight edges and are rather difficult to assemble. The product is sold in over 4 countries around the world, including the USA. The Haener Block Company has been offered for sale to us, directly from the owner Dr. Haener. No acquisition decision has yet been made INTERNATIONAL Most of the countries worldwide use conventional concrete building blocks. These regular blocks must be considered the main competition. Builders are used to lay these blocks and have a customized themselves to this old method of having to apply mortar (using skilled bricklayers) to each block to erect a solid wall.
There are several interlocking blocks that we encountered around the world, they are referred as dry stock blocks, however we have not discovered a full construction system widely use in the mass production of houses such as the Incablock. We have to mention that the Haener block is also an international competitor; you find them in several countries with the standard regular block product line.
Operations The company maintains a Headquarter and sales office in San Diego, California, we are currently in negotiations with a marketing company to begin the sales of Licenses throughout the USA, and we also have set up agreements with sales reps in several countries in the Middle East, Africa, Asia and Latin America. We utilize our own plant in Mexico to forward actual samples of products any where in the world. |
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Daniel Correa, President of Eco Global Corporation discussed with SmallCapVoice.com how the Company’s patented ‘Incablock Construction System,’ will be used to create an Eco modular cement block house. The Eco House will be introduced and constructed in Mexico using a high mixture of Pozzolan, a natural volcanic material that is “green” friendly. Another design feature offered will be the use of a gray water recycling system, allowing homeowners to save up to 50% of the utilized water, solar water heaters, solar panels, tubular skylights, and rainwater utilization gutters |
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