Absolutely NOT the same as a reverse split. Reverse split is when company takes your 1,000 shares, and give you 1 back. (1000:1 split) Can be good for big board stocks and good in theory for any stock...Normally kills penny and subpenny stocks if it happens.
Reverse Merger is as you said, private company going public. Many here speculate that our agreement with Lakeshore Recycling Systems (LRS) might really be an eventual play for Lakeshore to go public, by taking over ECOS. All speculation of course.
What lakeshore does have right now, is an agreement to purchase these digesters, and lets hope they put out news soon that they are agreeing to purchase more.
Good luck!
$ECOS