Conforce International Provides Business Update on U.S. Operations
TORONTO, Ontario, June 28, 2011, Conforce International, Inc. (“Conforce” or “Company”) (OTCBB: CFRI) today announced that it has commenced commercial production of its proprietary EKO-FLOR™ xts composite trailer floor system at its manufacturing facility in Peru, Indiana.
The Company has received initial orders from CIMC Vanguard National Trailer Corporation totaling in excess of $450,000. With regard to its plans to integrate EKO-FLOR™ into Vanguard’s production platform, Mr. Charlie Mudd, President of CIMC Vanguard, commented that: “CIMC Vanguard has been eagerly awaiting the launch of EKO-FLOR™ commercial production in Peru, Indiana. We gave Conforce small initial orders earlier this year and plan to build on those orders in the coming months. Our feedback from customers to date has been extremely positive. As Conforce increases its production capacity in Peru, our sales force will aggressively offer EKO-FLOR™ to our fleet customers and position it as a standard premium option on all of our trailer lines. EKO-FLOR™ is lighter, stronger and longer lasting than any other floor available today. We have always been on the front end of new advancements in the industry. Innovations like EKO-FLOR™ allow us to maintain our competitive advantage.”
EKO-FLOR™ has received TTMA certification and has yielded successful platform test and over-the-road results. As the Company builds out its production capacity in Peru, it expects broad adoption of EKO-FLOR™ throughout the industry. Conforce has also had discussions with leading highway truck and trailer manufacturers including Great Dane Trailers, Wabash National, Utility, Hyundai Translead and Fontaine Trailer. In addition, EKO-FLOR™ has been installed by Stoughton Trailers in its 50th Anniversary trailer which will be displayed at numerous trade shows throughout the United States.
In advance of the launch of commercial production, Conforce has continued to staff and train its personnel in Peru, Indiana and will commence 24/5 production from its proprietary manufacturing platform in mid-July 2011. The Company expects to have built out 20% of its manufacturing capacity by October 2011, by which time it will have shifted to 24/7 production. At full production, the facility is capable of generating gross revenue in excess of $12,000,000 per month.
Additional information pertaining to the Company and its operations, including more detailed information with respect to the Company’s March 31, 2011, financial statements, will be contained in its Annual Report on Form 10-K, which the Company anticipates filing on or before June 30, 2011. Once filed, the Annual Report will be available at no charge at http://www.sec.gov.
The Company also announced that in August 2011, following the release of its financial results for its first quarter ended June 30, 2011, it will begin conducting quarterly conference calls.
About Conforce International
Since its inception in 2004, Conforce dedicated its research and development efforts to an innovative composite flooring system known as EKO-FLOR™. EKO-FLOR™ has been engineered to replace the outmoded hardwood flooring currently employed by the transportation industry. EKO-FLOR™ is significantly lighter, stronger and more durable than wood. The product possesses superior, environmentally friendly, performance characteristics including complete resistance to stains, odors, absorption of oil or liquid chemicals, microbial and insect attack. EKO-FLOR™ has successfully completed several customer trials with leading highway trailer manufacturers and is currently in trials with the largest shipping lines in the world. For more information, please visit www.conforceintl.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”, “plans”, “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.
The Company has received initial orders from CIMC Vanguard National Trailer Corporation totaling in excess of $450,000. With regard to its plans to integrate EKO-FLOR™ into Vanguard’s production platform, Mr. Charlie Mudd, President of CIMC Vanguard, commented that: “CIMC Vanguard has been eagerly awaiting the launch of EKO-FLOR™ commercial production in Peru, Indiana. We gave Conforce small initial orders earlier this year and plan to build on those orders in the coming months. Our feedback from customers to date has been extremely positive. As Conforce increases its production capacity in Peru, our sales force will aggressively offer EKO-FLOR™ to our fleet customers and position it as a standard premium option on all of our trailer lines. EKO-FLOR™ is lighter, stronger and longer lasting than any other floor available today. We have always been on the front end of new advancements in the industry. Innovations like EKO-FLOR™ allow us to maintain our competitive advantage.”
EKO-FLOR™ has received TTMA certification and has yielded successful platform test and over-the-road results. As the Company builds out its production capacity in Peru, it expects broad adoption of EKO-FLOR™ throughout the industry. Conforce has also had discussions with leading highway truck and trailer manufacturers including Great Dane Trailers, Wabash National, Utility, Hyundai Translead and Fontaine Trailer. In addition, EKO-FLOR™ has been installed by Stoughton Trailers in its 50th Anniversary trailer which will be displayed at numerous trade shows throughout the United States.
In advance of the launch of commercial production, Conforce has continued to staff and train its personnel in Peru, Indiana and will commence 24/5 production from its proprietary manufacturing platform in mid-July 2011. The Company expects to have built out 20% of its manufacturing capacity by October 2011, by which time it will have shifted to 24/7 production. At full production, the facility is capable of generating gross revenue in excess of $12,000,000 per month.
Additional information pertaining to the Company and its operations, including more detailed information with respect to the Company’s March 31, 2011, financial statements, will be contained in its Annual Report on Form 10-K, which the Company anticipates filing on or before June 30, 2011. Once filed, the Annual Report will be available at no charge at http://www.sec.gov.
The Company also announced that in August 2011, following the release of its financial results for its first quarter ended June 30, 2011, it will begin conducting quarterly conference calls.
About Conforce International
Since its inception in 2004, Conforce dedicated its research and development efforts to an innovative composite flooring system known as EKO-FLOR™. EKO-FLOR™ has been engineered to replace the outmoded hardwood flooring currently employed by the transportation industry. EKO-FLOR™ is significantly lighter, stronger and more durable than wood. The product possesses superior, environmentally friendly, performance characteristics including complete resistance to stains, odors, absorption of oil or liquid chemicals, microbial and insect attack. EKO-FLOR™ has successfully completed several customer trials with leading highway trailer manufacturers and is currently in trials with the largest shipping lines in the world. For more information, please visit www.conforceintl.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”, “plans”, “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.