SOURCE: ecoSolutions Intl
ASHLAND, OR--(Marketwire - Oct 16, 2012) - ecoSolutions Intl (PINKSHEETS: ECOI) announced today that it has reached agreement with private investor, Brady Brim-DeForest, who will provide ecoSolutions with an infusion of new capital in exchange for a 49% stake in the company.
Brady Brim-DeForest is a seasoned entrepreneur with a deep background in media and entertainment technology for the enterprise.
"We are pleased to have been able to work with Mr. Brim-DeForest to negotiate an infusion of new capital into ecoSolutions" said Bill Patridge, the Chairman of the Company.
ecoSolutions and Brady Brim-DeForest have agreed to use their best efforts to complete the transaction in a timely manner.
Caution Concerning Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of ecoSolutions Intl. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.