ECO DEPOT(TM) and WaterGeeks(TM) to Proceed With Agreement
19 Avril 2013 - 2:00PM
Marketwired
Eco Depot, Inc. (PINKSHEETS: ECDP) announced it has exchanged
written "Notifications To Proceed" with the WaterGeeks™ to
consummate the proposed transaction referenced in the Letter Of
Intent to become Exclusive Global Distributors of the WaterGeeks™
Brand of water filtration products. Having mutually completed their
due diligence, Eco Depot™ and the WaterGeeks™ will now proceed
towards creating a formal binding agreement which is expected to
take 30-45 days to complete. Details of the proposed transaction
will be released upon the anticipated completion of the Formal
Final Agreement.
"We are pleased to have reached this stage ahead of schedule and
look forward to working together now to complete our Final
Agreement," Eco Depot™ CEO John Stange stated. "Management has
worked hard to advance this agreement and to ensure the Company
continues to advance in its OTC PINK reporting tier status and
provide timely progress reports," Stange concluded. Capping off an
eventful week for the Company, ECDP's anticipated new strategic
partner's WaterGeeks™ brand of filtered water bottles are scheduled
to be featured in a health and wellness segment during the final
hour of NBC's "Today" Show (www.today.com) this morning. The
scheduled segment will be hosted by Spry magazine
(www.spryliving.com).
About Eco Depot, Inc.® (PINKSHEETS: ECDP) Located in Hillside,
Illinois USA, Eco Depot™ (www.ecodepo.co) is a publicly traded
company listed on the OTC PINK under the "ECDP" trading symbol.
Formerly an "eco lighting" distributor under new Management the
Company is in the development stage of transitioning into a
manufacturer and distributor of eco friendly Consumer Brand
products. All inquiries should be directed to info@ecodepo.co.
About WaterGeeks™ (www.thewatergeeks.com) Located in Kelowna,
B.C. Canada, WaterGeeks™ is a private company that manufactures
portable water filtration products. The WaterGeeks Brand has been
featured in several leading consumer magazines and television
editorial features over the past 5-years. WaterGeeks™ Filtered
bottles have been test marketed at various select retailers
including Target®, Neiman Marcus®, Wegmans® and Meijer® in the USA
and at Home Outfitters® in Canada.
Safe Harbor Statement This Press Release may contain certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has tried,
whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information catered in this
Press Release including such forward-looking statements.
Eco Depot, Inc. Email Contact WaterGeeks Brent Meikle Email
Contact
Eco Depot (PK) (USOTC:ECDP)
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