Eco Depot Announces Acquisition of CSTech (America)
07 Julho 2010 - 9:30AM
Marketwired
Eco Depot, Inc. (PINKSHEETS: ECDP) (OTCQB: ECDP) today announced
the completion of its acquisition of CS Tech (America). As a result
of the all-stock transaction, CS Tech (America) is to be merged
into Eco Depot and will continue to operate as a wholly owned
division of the company.
The combination of Eco Depot and CS Tech (America) creates one
of the most innovative and avant-garde alternative lighting systems
to meet the world's quickly-approaching deadline to phase out the
Incandescent Light Bulb. The acquisition brings together some of
the LED Lighting industry's most advanced engineering of
proprietary LED technologies for developing, managing and
delivering superior lighting and compelling energy-compliant
solutions to meet the imminent implementation of the world-wide
Incandescent Bulb ban. The move also accelerates CS Tech's
strategic initiative to advance an aggressive manufacturing and
delivery fulfillment capacity to meet the estimated $50 Billion
retro-fit demand by U.S. municipalities to "change-out" their
antiquated and inefficient street lighting systems during the next
decade.
"The mandated replacement of Incandescent Bulbs and the pending
movement to replace fluorescent and mercury-halogen lighting with
solid-state LED Lighting Systems is the single greatest green
retro-fit legislation in history. It is certain to save more energy
than all of the solar panels and wind turbines ever manufactured
and will transform the way the world equates the energy and fiscal
responsibilities of lighting," said Arthur Han, assistant to the
chief executive officer of Eco Depot. "Eco Depot and CS Tech intend
to be at the center of this revolution, and together we will build
on our in-place and immediate LED Lighting Systems delivery
capacity to redefine the way municipalities and businesses finance
their lighting requirements."
This week the company will begin executing the integration of
the two companies' operations, and customer care organizations to
ensure a smooth transition and immediate value for customers,
partners and investors. As part of the initial integration, Eco
Depot today announced the new CS Tech product line of solid-state
LED Lighting Systems for municipalities and corporations seeking to
build-out and retro-fit street and area lighting; office,
industrial and retail T-bar lighting markets and; Harbor/Sports
Stadium high-illumination markets.
About Eco Depot, Inc. and its CS Tech (America)
Division
Eco Depot revolutionizes how the world engages with LED Lighting
Solutions to comply with the multi-national ban on incandescent
lighting. For more information, visit www.ecodp.com.
Forward-Looking Statements
Some of the statements made by Eco Depot in this press release
are forward-looking in nature. Actual results may differ materially
from those projected in forward-looking statements. Eco Depot
believes that its primary risk factors include, but are not limited
to: development and maintenance of strategic acquisitions; domestic
and international acceptance of our product lines; defending our
intellectual property and proprietary rights; development of new
products and services that meet customer demands and generate
acceptable margins; successfully completing commercial testing of
new technologies and systems to support new products and services;
and attracting and retaining qualified management and other
personnel. Additional information concerning these and other
important factors can be found within Eco Depot's filings with the
Securities and Exchange Commission. Statements in this press
release should be evaluated in light of these important
factors.
© 2010 Eco Depot, Inc. All rights reserved. Eco Depot, CS Tech
(America), the Eco Depot logo, and the CS Tech (America) logo are
either pending or registered trademarks of Eco Depot, Inc.
Contacts Public Relations Contact: Corporate Relations
Group Inc. 1-888-789-6314 Email Contact
Eco Depot (PK) (USOTC:ECDP)
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