ECOLOGIX Resource Group Expands Cameroon Operations
April 08 2010 - 7:00AM
Marketwired
ECOLOGIX Resource Group (OTCBB: EXRG), announced today the
expansion of its Cameroon operations with the purchase of vital
equipment through its subsidiary, Ecologix Cameroon.
Captain Martin Mohlie Tope, Chairman of Ecologix Cameroon,
stated, "Today's announcement is a definitive step in the right
direction for the Company. The procurement of this equipment will
allow Ecologix to be completely self-sufficient -- managing
everything from the harvesting and processing of cut timber, all
the way to transportation to port. As a result, we expect this move
will allow us to substantially improve margins and continue to grow
our business on both a domestic and international level. The
sourcing of this equipment will afford our operations in Cameroon
the autonomy necessary to operate as efficiently as possible."
As the Company continues to build its infrastructure and
relationships with the communities and its customers, it remains
committed to its core objective of returning value to its
shareholders with environmentally conscientious undertakings.
About ECOLOGIX Resource Group
ECOLOGIX Resource Group is a natural resource company focused on
the timber industry and production of alternative energy solutions
in accordance with the most stringent environmental standards
regulating these industries. ECOLOGIX has an unyielding commitment
to global conservationism, and is structured to operate in a manner
that is responsible, compliant and profitable. Presently, the
Company's focus is primarily on the timber industry; however, as
the business grows, ECOLOGIX continues to explore opportunities
with other natural resources such as biofuel and oil, and will
evaluate other countries and geographies. Additional information on
ECOLOGIX Natural Resource Group is available on its website,
www.ecologixrg.com.
Forward-Looking Statements
This press release contains forward-looking statements made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that a number
of factors could cause our actual results to differ materially from
any results indicated in this release or in any other
forward-looking statements made by us, or on our behalf. These
include among others factors related to general economic
conditions, interest rates, demand for materials handling products
and construction equipment, performance of our manufacturing
facilities and the cyclical nature of the materials handling and
construction equipment industries. Further, historical information
should not be considered an indicator of future performance.
Additional considerations and important risk factors are described
in our reports on Form 10-K and 10-Q and other filings with the
Securities and Exchange Commission.
Contact: ECOLOGIX Resource Group Toll free: 1 888-LOGIXRG
(564-4974) Email: ir@ecologixrg.com
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