Forza Environmental Building Products, Inc.
OTCQB : GUGO

Forza Environmental Building Products, Inc.

September 15, 2010 09:01 ET

Forza Environmental Building Products, Inc. Signs Letter of Intent with Malama Composites, LLC to Develop & Market Revolutionary Bio-based Environmental Building Panels

CARLSBAD, CALIFORNIA--(Marketwire - Sept. 15, 2010) - Forza Environmental Building Products, Inc. (Forza) (OTCQB:GUGO) announces today the signing of a letter of intent (LOI) between Forza and MALAMA Composites, LLC (www.malamacomposites.com). Malama would agree to use the Artzer Z-Panels™ fabricated with Malama's bio-based polyurethane foam in pending residential housing projects totaling over 1,300 homes in Cancun and Baja California.

Forza and Malama would agree to develop and bring to market the world's first bio-based structural concrete insulated panel (SCIP). Research has begun on the adaptation of the bio-based version, which would compliment the existing Artzer Z-Panel™ already employed in the Forza system. The parties intend to sign the final agreement by October 1, 2010 and begin panel production as soon as possible thereafter.

Charles T. Slay, Forza's President and COO said, "Developing the bio-based Artzer Z-Panel™ with Malama, LLC takes us another giant step into a Greener Building future."

Malama's CEO, David Saltman added, "Malama Composites is honored that Forza has chosen our bio-based rigid foam as the core of its environmental building panels. Based on this compelling value proposition, we look forward to a long and profitable working relationship with Forza and, most importantly, to assist them in bringing sustainable, respectable homes and buildings to people around the world."

Forza Environmental Building Products, Inc. ("Forza") is a public company whose common stock is quoted on the OTCQB Exchange in the United States under the symbol GUGO. As the worldwide manufacturer and distributor of the Artzer Z-Panel™, Forza will provide environmentally sound, energy-efficient materials for safe, sustainable shelter to disaster replacement housing projects around the world. Learn more about Forza and the Artzer Z-Panel™ at www.forzaenvironmental.com.

Forward Looking Statements
This press release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this current report which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the characteristics and features of the Artzer Z-Panel™ system, that the adaption of the Malama's bio-based version would compliment the existing Artzer Z-Panel™, the signing of the final agreement by October 1, 2010, the commencement of panel production thereafter, or that developing the bio-based Artzer Z-Panel™ with Malama, LLC will enable the company to take a giant step into a Greener Building future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainty of financial estimates and projections, the competitive and regulatory environment for early stage companies in the construction industry, stock market conditions, unforeseen technical difficulties and our ongoing ability to operate a business and obtain financing. These forward-looking statements are made as of the date of this current report, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that our beliefs, plans, expectations and intentions contained in this current report are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for our most recent fiscal year, our quarterly reports on Form 10-Q and our other periodic reports filed from time-to-time with the Securities and Exchange Commission pursuant to the Securities Exchange Act.

Contact Information