SAN ANTONIO and LAKE DALLAS, Texas, March 19, 2007 /PRNewswire-FirstCall via COMTEX/ -- Analytical Surveys, Inc. (ASI) (Nasdaq: ANLT), and Ecowood, Inc., (collectively, "the Companies") today announced that the Companies have entered into a definitive merger agreement, under which the Companies will be combined in a tax-free, all stock merger to form an environmentally friendly, diversified natural resource company. The Companies announced they had signed a letter of intent to merge on March 13, 2007.
The new company will also benefit from an existing financing package that provides access to more than $200 million for future investment and working capital.
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