Ecosciences Inc. Discusses the Market Opportunity of its Line of EcoNow Products

Rhea-AI Summary

Ecosciences, Inc. (OTC PINK:ECEZ) highlighted the significant market potential for its eco-friendly TAB products, particularly ECONOW Oxy-Tabs. With one in five U.S. homes relying on septic systems, maintenance costs can exceed $800 yearly, while system replacements can range from $6,500 to $25,000. The solid waste mitigation market in North America is projected to grow from $208 billion in 2017 to $229 billion by 2027. CEO Joel Falitz announced plans for international growth and potential expansion into government segments, aiming to enhance revenue and shareholder value.

Positive

• Significant market opportunity in the $229 billion solid waste mitigation market by 2027.
• Potential to reduce maintenance costs for septic systems with ECONOW Oxy-Tabs, enhancing customer value.
• Plans for international growth and expansion into governmental markets targeting increased revenue.

Negative

• None.

JERICHO, NY / ACCESSWIRE / April 4, 2022 / Ecosciences, Inc. (OTC PINK:ECEZ) ("Ecosciences" or the "Company") today, discusses and updates on the large market opportunity for its line of eco-friendly TAB products featuring ECO-NOW consumer oxy tabs.

The United States of America currently has one in five homes not connected to a common or city sewerage system and rely on some form of septic tank and field to dispose of, and process human waste as estimated on the Enviromental Protection Agencies Website. Yearly septic maintenance ranges from an estimated $295 to over $800 a year for the average American, with replacement of septic systems ranging from $6500 to over $25000 usd. If proper maintenance is not followed, emergency services such as pumping and sanitary remediation can cost upwards of $5000 to over $10000 according to homeguide.com. A recent report by Statista, a global market data leader, shows the solid waste mitigation market in North America is over $208 Billion USD in 2017 and forecasted to grow to over $229 billion USD by 2027.

By using products like ECONOW Oxy-Tabs, maintenance costs and backups can and will be reduced. As mentioned in previous press releases these tabs are available through our online retail partners including, Amazon, Home Depot, Lowes, Walmart, eBay, QVC pharmacy and our own direct to consumer website.

Joel Falitz, CEO of Ecosciences Inc., comments: "We have a product that works, we know this through our own research, return customers and numerous consumer testimonials. We also have a great e-commerce presence through our partnered sales channels. In the coming months we will be implement a comprehensive, long-term growth strategy including the Americas and internationally. Additionally, we are reviewing possible governmental segments that we plan to take part in, offering our line of commercial TAB products like TRAP-EZE and WASTE-EZE."

Ecosciences has recently targeted a new venture opportunity that fits the companies' focus on the environmental space. The Company plans to discuss further details about this new venture as they become available.

Joel Falitz, CEO of Ecosciences Inc., comments further: "By diversifying our business with this possible opportunity, we can increase revenue and shareholder value. It also allows us to stay within a segment of business we understand. We look forward to sharing more information about this exciting opportunity for Ecosciences in the coming quarters."

About Ecosciences, Inc.

Ecosciences, Inc. focuses on building, acquiring, and investing in businesses around ecological and life sciences. From wastewater remediation to healthcare and more, Ecosciences, Inc. is committed to building a better living environment for all people. The Company currently has one wholly owned subsidiary, Eco-logical Concepts, Inc., which operates the Company's core business of producing and selling bioremediation products under the brands TRAP-EZE, SEPT-EZE, TANK-EZE, WASH-EZE and ECONOW Oxy-Tabs. The website Econowconsumer.com listed above is owned and operated by Eco-logical Concepts. Inc.

For additional information, please visit the Company's website at www.ecosciences.company, the contents of which are not incorporated into this press release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to, or representing management's beliefs about, our future transactions, strategies, operations, events, and financial results. Such forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should" and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and uncertainties described in any of our other filings with the SEC. Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.ecosciences.company under "Investor Info." You are urged to carefully consider all such factors. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this news release, even if such results, changes, or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this news release, such statements or disclosures will be deemed to modify or supersede such statements in this news release.

Disclaimer: This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

CONTACT:
Ecosciences, Inc.
Investor Relations
Phone: 888-828-2564
Email: ECEZ@ecosciences.company

SOURCE: Ecosciences, Inc.

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https://www.accesswire.com/695752/Ecosciences-Inc-Discusses-the-Market-Opportunity-of-its-Line-of-EcoNow-Products

FAQ

What is Ecosciences' market opportunity for ECONOW Oxy-Tabs?

Ecosciences is targeting a significant market opportunity in the $229 billion solid waste mitigation market by 2027.

How much can septic system maintenance cost in the U.S.?

Septic system maintenance can cost between $295 to over $800 annually, with replacement costs from $6,500 to $25,000.

What strategic plans does Ecosciences have for growth?

Ecosciences plans to implement a comprehensive growth strategy, including international expansion and targeting governmental segments.

What are the benefits of using ECONOW Oxy-Tabs?

Using ECONOW Oxy-Tabs can reduce septic system maintenance costs and backups, providing economic advantages for users.