October 20, 2005 16:47 ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2005) - Consolidated Ecoprogress Technology Inc. (TSX VENTURE:CES) -
Mr John Banks reports:
Consolidated Ecoprogress Technology Inc. is pleased to announce The Company has signed a Letter of Intent with QuarTek Corporation of North Carolina to form a joint venture for the purpose of developing new materials.
QuarTek Corporation is a privately held nanotechnology company based in High Point, North Carolina. QuarTek is researching and developing processes to produce nano-sized materials, devices, and sensors that exhibit physical properties and functions different from those found at larger scales.
"We are looking to our relationship with QuarTek to move beyond the current generation of materials used in existing processes. QuarTek has demonstrated a number of materials and applications that we believe will enhance our business. In addition, QuarTek's research has long range implications for our plans in the context of our mission to replace plastic products with non hydrocarbon based materials that biodegrade," said John Banks, president of Ecoprogress.
"North Carolina is aggressively building their nanotech sector and we are pleased to have the opportunity to work with industry, State government, and universities to build a vital research and commercialization stream for nano materials," he said.
More information about Quartek can be found on the company's website at http://quartekcorp.com.
Consolidated Ecoprogress makes Flushaways-the world's first and only line of flushable, biodegradable feminine hygiene products. Flushaways are currently available in 1,700 Wal Mart stores throughout the Unites States and in South Africa in Clix and Pick 'n Pay stores. They are also now in use by the United States Marine Corps worldwide and are soon to be available in more than 3,000 convenience stores in California.
Ecoprogress is diligently working on becoming a lead player in environmentally friendly, absorbent and plastic replacement products. Its first branded product, Flushaway, provides women with the choice of a flushable feminine hygiene product that, after disposal, biodegrades in 28 days.
ON BEHALF OF THE BOARD OF DIRECTORS
John Banks, CEO and President
Consolidated Ecoprogress Technology Inc.
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the TSX-V and on SEDAR.
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
Consolidated Ecoprogress Technology Inc.John BanksCEO and President(604) 694-1994 or Toll Free: firstname.lastname@example.org
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