Turning Pennies into dollars: (OTC:CFRI) Conforce International, Inc
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Conforce International Announces First Order for EKO-FLOR ms-1 Panels
(OTC:CFRI) Conforce International, Inc.
TORONTO-Jan 29, 2009 - Conforce International, Inc. recently announced that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers."
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for global positioning. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers."
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
About Conforce International
Management of the Company has been in the shipping container business for over 25 years. Conforce operates a multi-acre, full service container Terminal that provides storage, handling, repair and transport to International Shipping Lines. In addition to its core terminal business, the Company has been in development of a composite material designed to change the way shipping containers and highway trailers are made. The environmentally friendly product, registered as EKO-FLOR, has been certified by the American Bureau of Shipping for use in shipping containers worldwide. The Company has received trial container and trailer orders and has commenced customer evaluations of the product. The Company's objective is to provide a suitable alternative to the wood floors currently used in containers and trailers. Conforce research indicates that the specific wood required for container flooring is rapidly depleting and that a suitable alternative is in high demand. For more information on the Company, please visit their website at: www.conforce1.com.
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "projects," "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, forecasts and projections about the success of its newly developed container and trailer flooring products, as well as certain other composite based flooring products in various stages of development. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.
Contact:
CONTACT: Kathryn Saliani Investor Relations 234-0266 ext. 6 EMAIL: investors@conforce1.com WEB-SITE: http://www.conforce1.com Source: Conforce International, Inc.
Profile for Conforce International, Inc.
Conforce International, Inc. engages in the development, sale, and marketing of the EKO-FLOR container flooring system. The company also involves in the storage and handling of marine shipping containers through its facility that has a capacity of 5000 containers. Conforce International is based in Mississauga, Canada. Detailed CFRI Company Description...
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