InvestorsHub Logo
Followers 411
Posts 29528
Boards Moderated 1
Alias Born 02/25/2006

Re: bUrRpPPP! post# 189

Friday, 05/12/2006 6:04:30 AM

Friday, May 12, 2006 6:04:30 AM

Post# of 3268
CFRI - Conforce International (CFRI) Reports Significant Increase in Annual Revenues
Friday May 12, 2:00 am ET


TORONTO, ON--(MARKET WIRE)--May 12, 2006 -- Conforce International, Inc. (Other OTC:CFRI.PK - News) developers of the revolutionary EKO-FLOR, announced today that annual revenues from its Container Terminal division for the period ended March 31st, 2006 have increased significantly over last year's same period sales.

The company's annual report states that revenues in 2005 increased by 169% to $1,595,295 from $592,778 in 2004, while EBITDA increased by 52% to $204,860. Conforce President and CEO Marino Kulas said that he was "very pleased with the company's consistent performance over the last twelve months." Mr. Kulas added that, "While the depot operation provides a solid foundation for the company, we believe that truly significant growth and shareholder value will be realized from our highly anticipated EKO-FLOR product. We are confident that the product will pass all certification testing and that once introduced to the market, will affect positive change in the global container industry."

The company is currently conducting its final phase one internal testing and expects to release the results of such tests within the next three weeks. The company also anticipates the release of their EKO-FLOR financial projections within the same period.

About Conforce International

Management of the Company has been in the container business for over 25 years. In addition to the company's business of container handling and storage through its 5,000+ container capacity terminal facility, Conforce has also been engaged in the research and development of a proprietary composite product designed to change the way shipping containers are made, worldwide. The Company has developed a material that simulates the characteristics of wood while testing lighter, stronger and more cost effective. The environmentally friendly product, named EKO-FLOR, is currently in phase one testing with a planned launch in mid 2006. For more information on the Company, its EKO-FLOR product, or its Terminal Operations, please visit: www.conforce1.com.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.