SOMERSET, NJ, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Eco Tek 360, Inc. (OTCQB: ECTX) ("ECTX," "Eco Tek" or the "Company"), an innovative apparel company utilizing a patent pending fiber recovery sysytem and rejuvenation process to repurpose corporate uniforms and create celebrity DNA fiber infused collectible sportswear, today provided an operations update.
EcoTek is pleased to announce making considerable progress with its corporate initiatives including;
- EcoTek 360 has entered into an agreement with Authentic Heroes, Inc as the exclusive manufacturer of its celebrity DNA-infused collectible clothing
- The Company has established a functional sample line to support initial product manufacturing with first production runs occurring in January of 2018
- EcoTek 360 has entered into an MOU with a JV partner that will incorporate EcoTek’s proprietary processes at their manufacturing facility in New York State to support large scale commercial production runs
- The Company has filed a patent covering EcoTek’s proprietary fiber rejuvenation process
"We have made tremendous progress establishing the manufacturing infrastructure to both generate near term revenue in the coming months,while also putting the foundation in place for large scale commercial production capabilities later in 2018. The Company now has the ability to provide sample uniforms for parties we have been in discussion with that are looking for a green alternative for their corporate uniform purchases. Through our proprietary process and technologies, we allow our customers to substantially reduce their environmental footprint by saving significant amounts of water and eliminating the landfill waste that is born out of the traditional buy-use-destroy model. At the same time we are creating true circular economics for both our future clients and EcoTek.
“While we believe the corporate uniform market represents a massive untapped opportunity, we also see great potential in our partnership with Authentic Heroes as the exclusive manufacturer of their celebrity “DNA fiber” infused collectible sportswear and clothing.
Authentic Heroes Inc ., thru its proprietary process can take one celebrity worn garment utilized in a concert, a competition or a game and repurpose that one garment into hundreds or even thousands of truly “authenticated” collectible garments containing the fibrous DNA of that specific individual at a fraction of the cost of the original. Henceforth making it affordable to the masses. Nothing like this has ever been done before.
Our first celebrity DNA infused production run is slated for early 2018 and we look forward to updating shareholders with additional details in the very near future,” stated Chris Giordano, President of EcoTek 360.
EcoTek 360 Chief Executive Officer, Paul Serbiak added, “We recently filed patent(s) covering our proprietary process which we believe provides a substantial competitive moat around our business for years to come. Our core differentiator is our ability to maintain fiber strength and size through the rejuvenation process allowing us to repurpose those fibers and reconstruct that same uniform with equivalent durability when compared to a new garment. This creates a true circular economy where our feedstock supply is provided by our customers, creating a highly efficient and profitable business model that is capital light, yet offers significant growth potential.”
About EcoTek 360, Inc.
EcoTek 360, Inc (“ECTX”) is a textile and apparel technology company that is developing a portfolio of licensed as well as proprietary technologies and trade secrets. EcoTek 360 will be offering branded fabrics and high-tech apparel to the corporate, hotel, hospital and military markets. For more information please visit www.ecotek360.com
About MZ Group
MZ, founded in 1999, combines capital markets intelligence, global investor targeting, IR technology, corporate governance, media and corporate communication and IR consulting, providing comprehensive programs that successfully build and manage shareholder value. With a team of highly experienced senior professionals and an integrated service portfolio, MZ ensures that companies are provided with the right tools and strategies to interact effectively with the investment community and the media, successfully conveying the investment message. MZ's market intelligence, advisory and tactical support activities for investor relations and corporate communications programs are underpinned by a comprehensive IT infrastructure, allowing companies to rapidly achieve global standards of best practices. For more information, please visit www.mzgroup.us.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.
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