Ecosciences Inc (OTCMKTS:ECEZ) confirmed the completion of its first even shipment of almost 4,000 of its TRAP-EZE tablets and 400 lbs. in a powdered blend variant to the South African market. The products treats food service location grease traps by offering active oxygen, buffers, nutrients, and safe micro-organisms to clean, deodorize and get grease trap systems operating efficiently with minimized downtime.
The significance
Ecosciences product is a non-hazardous and biodegradable product, making it a completely environmentally friendly product for food service locations to dispose of grease. It can be rebranded for the new market and may be developed for use with additional venues than food services, like oil remediation and sewers.
The expectations
Ecosciences expects that the new distribution channel will work as a way to boost its gross profitability and revenue. The channel for the new targeted market was created by a long-term client of the company who has initially bought the product for the market in New Zealand. The company intends to work on the initial distribution order into a longer and deeper term association with the anticipation that it that will transform into a full-fledged master distribution. The management said that they have already recorded the cash flow and revenue for the first order and is confident about the future of new distribution relationship.
The profile
Ecosciences concentrates on building, buying and investing in businesses related to ecological and life sciences. From healthcare to waste water remediation and more, the company is committed to creating a better living environment for people. It currently owns one wholly-owned subsidiary firm known as Eco-logical Concepts, Inc., which handles the core business of producing and offering bio-remediation products.
In last trading session, the stock price of ECEZ surged more than 2% to close the trading session at $0.540.The gains came at a share volume of 433,065 compared to average share volume of 72,958.
