EXRG NEWS
ECOLOGIX Resource Group Forecasts Growth Acceleration in 2010
BEVERLY HILLS, CA -- (Marketwire)
04/12/10
ECOLOGIX Resource Group (OTCBB: EXRG) announced today that it expects to see steady growth acceleration throughout 2010.
ECOLOGIX commenced its Cameroon operations during 2009, recognizing its first revenue in December with the sale of 950 cubic meters of logs, valued at approximately $130,000. Additionally, the Company has filled approximately $200,000 in orders during the first quarter of 2010, and currently has backlog in excess of $900,000.
Captain Martin Mohlie Tope, Chairman of Ecologix Cameroon, stated, "The outlook for 2010 is indeed promising -- with our current backlog and the steady stream of new orders filtering in on a weekly basis, 2010 should be an exciting year for Ecologix. The investments we are making in equipment and infrastructure should allow us to keep pace with the intense interest generated from companies both locally and abroad."
Ecologix has received an abundance of additional orders during the first quarter of 2010, and with the current run rate, the Company fully anticipates by the end of June it will be fulfilling orders of 4,000 cubic meters of orders per month, and by the end of 2010, will exceed 10,000 cubic meters. The Company also expects that with its recent investments in essential equipment, and the potential for some strategic acquisitions, a greater percentage of their sales will be of sawn timber, rather than logs. Sawn timber commands a significantly higher price at market than logs, selling for approximately two to three times the price of uncut logs. The Company is currently receiving orders on several specialized types of timber it specializes in, including, Azobe, Okan, Tali, Padouk, Bubinga and several other highly valued species.
About ECOLOGIX Resource Group
ECOLOGIX Resource Group is a natural resource company focused on the timber industry and production of alternative energy solutions in accordance with the most stringent environmental standards regulating these industries. ECOLOGIX has an unyielding commitment to global conservationism, and is structured to operate in a manner that is responsible, compliant and profitable. Presently, the Company's focus is primarily on the timber industry; however, as the business grows, ECOLOGIX continues to explore opportunities with other natural resources such as biofuel and oil, and will evaluate other countries and geographies. Additional information on ECOLOGIX Natural Resource Group is available on its website, www.ecologixrg.com.
Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that a number of factors could cause our actual results to differ materially from any results indicated in this release or in any other forward-looking statements made by us, or on our behalf. These include among others factors related to general economic conditions, interest rates, demand for materials handling products and construction equipment, performance of our manufacturing facilities and the cyclical nature of the materials handling and construction equipment industries. Further, historical information should not be considered an indicator of future performance. Additional considerations and important risk factors are described in our reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission.
Contact:
ECOLOGIX Resource Group
Toll free: 1 888-LOGIXRG (564-4974)
Email: ir@ecologixrg.com
Stacey A. Yonkus, Principal
CSIR Group, LLC
212-386-7081
212-447-7212
