ECOLOGIX Resource Group

November 11, 2009 08:31 ET

ECOLOGIX Resource Group Accelerates Revenue Forecast; Announces Harvesting of Over 200 Trees

BEVERLY HILLS, CA--(Marketwire - November 11, 2009) - ECOLOGIX Resource Group (OTCBB: EXRG), a natural resource company focused on the timber industry and production of alternative energy solutions, announced today it has harvested over 200 trees in Cameroon. As a result, and coupled with strong market demand, the Company now expects its operations will be revenue-generating by the end of this month, ahead of recently revised forecasts.

ECOLOGIX recently announced it had expected its operations would be revenue-generating by the end of 2009, today's announcement represents an acceleration to that schedule. The Company cited the tree harvesting, as well as an increased interest level from both local and international customers for its revised forecast.

Jason Fine, Chairman and CEO of ECOLOGIX Resource Group, said, "We are extremely pleased with the progress made thus far in Africa. By having a well-organized and strategically placed team we were able to move in par with the dynamic market conditions in play. According to IBISWorld Timber Reports, Timber is a $1.9 billion industry as of 2008, and ECOLOGIX fully intends to be a leader in the industry and a true pioneer in terms of the positive mark it leaves on the environment. Today's announcement represents another great development arising from our African operations; we hope to have many more positive announcements in the near future."

The Company noted that it is continually focused on the most stringent environmental standards; when extracting the allowed timber, ECOLOGIX only exploits a small amount of rainforest (.0003% annually) and continually is planting new seedlings to replace extracted timber.

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. Additional information on ECOLOGIX Resource Group is available on its website,

Safe Harbor

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.

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