Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State
Mar 6th 2013 8:20AM
Updated Mar 6th 2013 8:26AM
Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State of Hawaii
MONTCLAIR, N.J.--(BUSINESS WIRE)-- Global Ecology Corporation, (OTC QB: GLEC), through its subsidiary GEC Organics Corp.("GECO"), has concluded its first visit to the State of Hawaii to discuss the development of a second soil amendment production facility. GECO has completed the infrastructure in Castleberry, Alabama for its first location and is now in the process of implementing the marketing plan for the production phase of its natural soil amendment products.
We have presented our technology to and proposed a strategic relationship with various state agencies in the State of Hawaii, which closely aligns itself with Governor Neil Abercrombie's "New Day in Hawaii" initiative. Our team which consists of GECO management, investors, advisors and local representatives in Hawaii was well received in the initial meetings with Hawaiian governmental officials. Our group had meetings with state, county and local officials to understand their needs and present solutions through the use of our USDA certified, organic, high-grade soil amendment.
"One of the most important means for creating and retaining more investment in Hawaii, is the productive use of the land for agricultural purposes. We plan to provide the expertise to enrich existing farmland and develop acreage which has not been suitable for farming," stated Peter Ubaldi, President & CEO. "Our goal is to expand in Hawaii and use the Alabama location as a template for the development of future sites throughout the United States," added Ubaldi.
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to the development of second production facility for the Company's soil amendment product; whether we will be able to reach an agreement with the State of Hawaii for the develop of such a facility; whether such a facility will be profitable and generate sufficient revenue to sustain such a facility and be beneficial to the financial growth of the Company; and whether such a facility would be economically beneficial to the State of Hawaii, the Company and its shareholders. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: the strength and financial condition of our potential customers in Hawaii; uncertainties relating to the financial strength of GEC Organics Corp., and the local economy of the State of Hawaii; uncertainties regarding changes in the political landscaped and government bureaucracy of Hawaii and the economic environments we plan to operate and sell our products in; the uncertainties relating to the implementation of our business strategy; and other risk factors as outlined in the company's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
Global Ecology Corporation
Peter D. Ubaldi, 973-655-9001
President & CEO
KEYWORDS: United States North America New Jersey
The article Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State of Hawaii originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.