Tuesday, November 17, 2020 1:30:48 PM
In 2015, the Company began pursuing sales in the $25 billion annual local government sewage maintenance market. Going back to 2001, the Wall Street Journal reported that the United States' sewer systems were not efficient at preventing sewage spilling in open water. The article stated, "America's sewers are in a bad way. Three-quarters are so bunged up that they work at half capacity, causing 40,000 illegal spews a year into open water. Local governments already spend US $25 billion a year to keep the sewers running...." The full article is available has been posted on the Company's website: http://ecosciences.company/wp-content/uploads/2016/07/WSJ-Article-Fryer-Grease-Leads-to-Infarctions.pdf
The following articles also illustrate the problem various cities are having with grease affecting the sewage systems:
1. "GREASE...really is a problem!"
http://www.tri-cityservicedistrict.org/fats-oils-grease-fog
2. "Over the past several years, the city of Ames has found that grease created by the food-service industry is causing problems in the sanitary sewer and water treatment plant."
http://amestrib.com/news/city-grease-ordinance-may-not-achieve-desired-effect
The following action items show some of the progress the Company is making in its plans to seek government contracts:
The Company is in discussions with several east coast engineering firms that design sewer systems to join forces to make pitches to government bodies.
The Company is preparing to make presentations, bids and applications to be a preferred solution to municipalities and states for the grease build up problems.
The Company is in the process of adding seasoned professionals to its business development team that will advocate and pursue the local government contracts.
The Company is forming alliances with distributors to jointly service government agencies in need of solutions.
The Company is preparing to conduct treatment tests cases for certain agencies to showcase the effectiveness of its "EZE" products.
Ecosciences' management commented, "The process to obtain government agency contracts is a long one with many steps. The grease-caused sewage system problems facing local governments are real, and we feel our products can be of great assistance. We believe that over the long term, we can be successful in being a government vendor of choice, specifically in the northeast but also nationally and eventually internationally. We have many milestones to accomplish, but feel confident that we will put ourselves in a position to be considered as a strong candidate. We look forward to providing additional updates as more progress is made."
About Ecosciences, Inc.
Ecosciences, Inc. focuses on building, acquiring and investing in businesses around ecological and life sciences. From waste water remediation to healthcare and more, Ecosciences, Inc. is committed to building a better living environment for all people. The Company currently has one wholly-owned subsidiary, Eco-logical Concepts, Inc. , which operates the Company's core business of producing and selling bio-remediation products under the brands TRAP-EZE, SEPT-EZE, TANK-EZE and WASH-EZE.
For additional information, please visit the Company's website at www.ecosciences.company, the contents of which are not incorporated into this press release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to, or representing management's beliefs about, our future transactions, strategies, operations, events and financial results. Such forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should" and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and uncertainties described in any of our other filings with the SEC . Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.ecosciences.company under "Investor Info." You are urged to carefully consider all such factors. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this news release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this news release, such statements or disclosures will be deemed to modify or supersede such statements in this news release.
Disclaimer: This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
Contact Information: Ecosciences, Inc. Investor Relations Phone: 888-417-8625 Email: ECEZ@ecosciences.company
Source: Ecosciences, Inc.
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