STOCK TITAN

Eco Innovation Group Opens New Green Construction Division

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

On January 19, 2022, Eco Innovation Group, Inc. (OTC: ECOX) announced the launch of its new subsidiary, ECOX Spruce Construction, aimed at sustainability-focused construction projects. CEO Julia Otey-Raudes highlighted increasing demand for ecologically-oriented construction and renovation, with a General Contractor's License application submitted in California. ECOX Spruce Construction follows the 2021 establishment of a Canadian subsidiary, Spruce Engineering and Construction. The firm aims to capitalize on the growing green technology sector and anticipates future announcements regarding new projects.

Positive
  • Launch of ECOX Spruce Construction to focus on sustainable construction projects.
  • Anticipated growth in the sustainability industry, aligned with ECOX's green mission.
  • Application for a General Contractor's License enhances business credibility and capability.
Negative
  • None.

VAN NUYS, Calif., Jan. 19, 2022 /PRNewswire/ --- Eco Innovation Group, Inc. (OTC: ECOX) ("ECOX" or the "Company"), an innovative company developing new technologies for green energy solutions, is excited to announce the launch of ECOX Spruce Construction, a Company subsidiary focused on sustainability industry construction projects.

Eco Innovation Group Opens New Green Construction Division

Otey-Raudes, the CEO of Eco Innovation Group, said, "We see growing demand for construction, both ecologically oriented renovation, and the optimization of existing facilities. Ecologically-oriented renovation and construction are in the spirit of ECOX's green corporate mission. Well-funded large corporations are now deploying healthy green and sustainability technology budgets, and we believe this presents a promising growth opportunity in the sustainability industry."

ECOX Spruce Construction, Inc., our newly-formed California corporation, has applied for a General Contractor's License in the state of California and has a non-binding LOI in place with Mr. Edgar E. Aguilar of Blueprint Construction to be the Responsible Managing Officer (RMO). ECOX Spruce Construction is ECOX's second green construction subsidiary, following the 2021 establishment of our Canadian construction company, Spruce Engineering and Construction, of Alberta.

"ECOX is working on opportunities to install green technologies, along with bringing that tech to market, and we look forward to announcing more details as soon as we can," stated Julia Otey-Raudes, CEO of ECOX.

About Eco Innovation Group

Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders.

At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.

View the Company's new video Here.

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Corporate Contact:
Eco Innovation Group, Inc.
Julia.Otey@ecoig.com 
www.ecoig.com 

Public Relations:
EDM Media, LLC
https://edm.media

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/eco-innovation-group-opens--new-green-construction-division-301463544.html

SOURCE Eco Innovation Group

FAQ

What is ECOX Spruce Construction and its focus?

ECOX Spruce Construction is a subsidiary of Eco Innovation Group focused on sustainability-oriented construction projects.

When was ECOX Spruce Construction launched?

ECOX Spruce Construction was launched on January 19, 2022.

What license has ECOX Spruce Construction applied for?

ECOX Spruce Construction has applied for a General Contractor's License in California.

What opportunities does ECOX see in the construction industry?

ECOX sees growing demand for ecologically oriented renovation and construction, presenting a promising growth opportunity in the sustainability sector.

What was established before ECOX Spruce Construction?

Before ECOX Spruce Construction, Eco Innovation Group established Spruce Engineering and Construction in Canada in 2021.

ECO INNOVATION GRP INC

OTC:ECOX

ECOX Rankings

ECOX Latest News

ECOX Stock Data

164.44k
2.43B
4.27%
Specialty Business Services
Industrials
Link
United States of America
Van Nuys