Forza EBP Inc. Receives First Order of 40,000 Artzer Z-Panels(TM) for $2 Million
Nov. 30, 2010 (Marketwire) --
CARLSBAD, CALIFORNIA -- (Marketwire) -- 11/30/10 -- Forza Environmental Building Products, Inc. (OTCQB: GUGO) announces today an agreement for the sale of 40,000 of its Artzer Z-Panels™ to Merry Home, SA de CV, a wholly owned subsidiary of Mytek International, Inc. Merry Home has agreed to purchase the building panels for a total sale of US$2,000,000. The panels will be used in the construction of 500 homes at the "Los Pinos" project in Baja California, Mexico.
Michael C. Lee, Chief Financial Officer, of Forza, said, "We are extremely proud to begin this relationship with Merry Home and Mytek. In receiving this order, we have achieved our initial goal for the company. Mytek's interest in introducing sustainable building materials to the social housing market is perfectly aligned with ours. We are looking forward to a long and prosperous partnership."
Mytek International, Inc. (www.merrytech.com.mx) is a multinational manufacturing and distribution company spanning Asia and the Americas with a focus on environmentally sound products. Founded in 1990, the company manufactures over 200 different products, including consumer goods, household appliances, and consumer electronics and utilizes a global distribution network with major commercial retail partners. Their North American facilities include an 880,000 sq. ft. manufacturing facility.
Merry Home SA de CV is a Tijuana, Mexico based construction development company. Its "Los Pinos" residential home complex consists of 700 two and three bedroom units. Merry Home carried out and managed the planning, architecting, and logistics regarding the project, as well as actively managing the ongoing construction. It has already completed the 200 unit Phase 1 of the overall project. The company is now exploring a variety of additional projects throughout the Americas.
Forza Environmental Building Products, Inc. (www.forzaenvironmental.com) is a public company whose common stock is quoted on the OTCQB Exchange in the United States under the symbol GUGO. As the worldwide manufacturer and distributor of the Artzer Z-Panel™, Forza provides environmentally sound, energy-efficient materials for safe, sustainable shelter to disaster replacement and new social housing projects around the world.
Forward Looking Statements
This press release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this current report which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the characteristics and features of the Artzer Z-Panel™ system, or the final numbers of panels that may be sold to Merry Home under the terms of the agreement, or the length of time during which such sales may occur.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainty of financial estimates and projections, the competitive and regulatory environment for early stage companies in the construction industry, stock market conditions, unforeseen technical difficulties and our ongoing ability to operate a business and obtain financing. These forward-looking statements are made as of the date of this current report, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that our beliefs, plans, expectations and intentions contained in this current report are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for our most recent fiscal year, our quarterly reports on Form 10-Q and our other periodic reports filed from time-to-time with the Securities and Exchange Commission pursuant to the Securities Exchange Act.
Contacts:
Forza Environmental Building Products, Inc.
Joel King
Director of Investor Relations
1-760-585-1900 or Toll-free: 1-888-663-6792
jnk@forzaenvironmental.com
www.forzaenvironmental.com
Source: Marketwire (November 30, 2010 - 9:15 AM EST)
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