SOURCE: Eco Global Corporation

April 12, 2010 09:00 ET

Eco Global Kit Order Equates to a $7.3 Million Sale

SPRING VALLEY, CA--(Marketwire - April 12, 2010) - Eco Global Corporation (OTCBB: ECOG) -- Daniel Correa, President, clarified terms of 700 kit houses order announced April 8, 2010 from Dixie Homes S.A. de C. V.

In the Letter of Intent Eco Global Corporation will contract with a large block manufacture to produce the patented IncaBlock in San Diego, California. Eco Global will continue to design such items as the electrical box assemblies into the block, framing assemblies for the doors and windows, and will manufacture the precast roofing structure and polystyrene roof block panels. It has been indicated by Dixie Homes that the size of this order will be approximately 490,000 square feet of kits.

Eco Global has agreed to deliver the kits at a cost of $15 per square foot. By using this calculation, the value of this Kit order is $7,350,000 US. Shipments are schedule to begin in 60 days. Mr. Correa stated that "the company has excellent built in profit margins at these levels but I will not project returns until contracts and supplies are purchased."

About Eco Global Corporation
To exemplify the practicality of INCABLOCK-based housing, Eco Global has built several model homes in varying configurations for the Mexican market and government programs. This effort has positioned the company to finalize an agreement calling for the building of a large number of affordable INCABLOCK homes in Mexico. To facilitate large low cost developments, Eco Global has created a turnkey program that includes all the elements needed for a successful operation anywhere in the world: the licensing for manufacturing INCABLOCKS on site, all the necessary equipment, and complete setup procedures, specification software, factory training, and on-call field support. Under the right circumstances, Eco Global will also consider joint venture partnerships with developers.

More information can be found on the Eco Global web sites "www.ecoglobalcorp.com"; or "www.incablock.com"; contact number is 619-550-2396. Product samples are available and may be shipped world-wide to qualified recipients.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.

Eco Global to begin preparations to deliver up to 700 KIT houses

Average House size: 700 SF

Average square footage: 490,000 SF

Price per SF: $15.00

Approximate Value of order: $7,350,000

Eco Global to arrange for the following:

Blocks with electrical boxes assembly

Framing for doors and windows

Roofing Structure manufacturing:

  1. Concrete Joists
  2. Polystyrene Block panels

Components for the KIT

Targeted profit margin: 20%

Contact Information

  • Media and Financial Contact:
    Investor Relations:
    Eco Global Corporation
    619-550-2396
    Email Contact
    dcorrea@ecoglobalg.com