ECOLOGIX Resource Group Forecasts Growth Acceleration in 2010
12 April 2010 - 8:50PM
Marketwired
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 fax www.csirgroup.com
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