CFRI Investor Update for December 10, 2008
Dear Shareholder,
We are pleased to provide you with this "CFRI Investor Update".
As the Company grows closer to realizing its goal of changing the way containers are made, it has embarked on the following initiatves:
Hamburg 2008
Conforce executives and advisors returned from Hamburg Germany where high level meetings were held with prospective customers. Notwithstanding the global economic downturn which has adversely affected the shipping industry, the Conforce contingent was able to accomplish their objectives. CEO Marino Kulas said "the trip was a complete success. We look forward to sharing the results with Shareholders in the New Year". The Company is confident that subject to the successful completion of trials, substantial volume commitments will be secured in 2009.
Product Enhancements
Based on product evaluation feedback, the Company was able to further enhance its EKO-FLOR design and material profile over the last few months. The result is a significant reduction in weight. The Company is pleased to report that EKO-FLOR cs-4 is now 15% lighter than Apitong plywood and over 30% lighter than Bamboo flooring. Apitong plywood is the current industry standard for shipping containers while Bamboo represents the largest alternative flooring material in use with an estimated market share of approximately 5% or 200,000 - 20ft equivalent containers per annum. Based on its key product benefits and distinct weight advantage, Conforce is confident that it can establish its premium EKO-FLOR composite as the industry's leading alternative flooring solution.
Production Process Centre
The Company is also pleased to announce that it has established a new Production Process Centre in Toronto Ontario. In addition to research and development of new products, the 13,000 sq. ft. state- of-the-art facility will be used for extensive testing of the Company's advanced EKO-FLOR technologies. The facility will also serve as a manufacturing centre for the Company's specialized military container product as well as for limited quantity runs of its EKO-FLOR cs-4 panels.
Patent Portfolio
With respect to its EKO-FLOR patent portfolio, the Company has engaged the services of one of Canada's top patent firms, Blake, Cassels & Graydon LLP. A patent application has recently been filed with the United States Patent and Trademark Office to be followed by patent applications in Canada, Asia and Europe.
EKO-FLOR Print Ads
In order to build on the momentum the EKO-FLOR brand has recently built, Conforce commenced an industry awareness campaign which saw placement of half-page advertisements in the intermodal editions of both World Cargo News and Containerisation International, two highly regarded industry publications. To view an enlarged version of the advertisement, please click on the image.
As always, we thank you for your continued support.
Sincerely,
Conforce International, Inc.
