SOURCE: Eco Global Corporation

May 19, 2010 09:00 ET

Eco Global to Joint Venture With Loponti Holdings for Affordable Housing

SPRING VALLEY, CA--(Marketwire - May 19, 2010) - Eco Global Corporation (PINKSHEETS: ECOG), the owner of a unique Patented Construction System, known as "The Incablock Construction System," an interlocking modular dry stack concrete block, has agreed to a Joint Venture with Loponti Holdings. Eco Global will build four model homes in a development know as "Vallecito Majestad" in Tijuana, Baja California.

Loponti Holdings is one of the largest land holders in the Eastern part of Tijuana with its land holdings near major new developments. Recently, Loponti sold to Homex a housing site, and started a joint venture with the local Municipality and the State to develop land for a local group of Tijuana Residents. "Vallecito Majestad" is in its planning stages and will be a low cost development using aspects of the "Eco Flex Designed" as well as integrating other building materials. The projected project can be close to 2,000 houses in the next couple of years.

Eco Global believes that it will be the primary supplier of these houses in its building of the first models for sale. Loponti Holdings has chosen to Joint Venture with Eco Global Corporation. These houses start at a low price base and increase in price as additional options in size and features are added. The "Eco Global Flex Design" does this by using the Incablock in conjunction with other building materials. This new program will include low cost housing for both State and Municipality projects in the Tijuana area. 

Eco Global Corporation plans to set up a New Mexican corporation to deal with Loponti Holdings exclusively. Loponti Holdings has seen much demand coming from people moving from Mexicali, Baja California.

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 set up 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.

Contact Information

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