Eco Building Products Settles Complaint With Alpha Capital Anstalt
VISTA, Calif., June 10, 2013
VISTA, Calif., June 10, 2013 /PRNewswire/ --Eco Building Products, Inc.,
(OTCQB: ECOB) The Company announced today that a settlement has been reached
and consideration has been paid to Alpha Capital Anstalt in connection with
the Complaint filed against Eco Building Products, Inc. (ECOB) and certain
subsidiaries thereof in the United Stated District Court for the Southern
District of New York, Index No.: 13 Civ 03220(PAC) on May 14, 2013. Terms of
the settlement include release of all parties and dismissal of the action
brought forth in the Southern District court of New York.
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of treated wood products that
are protected against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting
insects and termites by our proprietary eco-friendly chemistry utilizing ECOB
WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco Building
products, "Eco Red Shield" utilizing patent pending technology is the ultimate
in wood protection, preservation, and fire safety to building components
constructed of wood; from joists, beams and paneling, to floors and ceilings.
Safe Harbor Statement: This press release may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Act"). In particular, when used in the preceding discussion, the
words "believes," "expects," "intends," "plans," "anticipates," or "may," and
similar conditional expressions are intended to identify forward-looking
statements within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other than those
of historical fact, about an action, event or development, are forward-looking
statements. Forward looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in future periods
to be materially different from any future performance that may be suggested
in this release. ECOB takes no obligation to update or correct forward-looking
statements, and also takes no obligation to update or correct information
prepared by third parties.
Eco Building Products, Inc.
Phone: 1 888 Red Shld (888.733.7453)
Web Site: www.ecob.net
Investor Relations Contact
Arthur Douglas & Associates, Inc.
SOURCE Eco Building Products, Inc.
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