Ecosciences Inc (OTCMKTS:ECEZ) updated its shareholders on its future and current distribution business. The company stated that it has distribution network for its bioremediation products in various regions including the northeastern U.S., South Africa, Mexico and New Zealand.
Ecosciences, through its subsidiary firm, Eco-Logical Concepts Inc., supplies its bioremediation items to distributors who further offer the products to end user clients. The distributors’ end user clients who have tried or are using the products include, but are not confined to, Mitsui and PepsiCo, Inc. (NYSE:PEP) in Mexico, the Tauranga City Council based in New Zealand and Mohegan Sun Casino in Connecticut.
The existing distributors continue to reorder company’s bioremediation products on a regular basis, and orders for the New Jersey and Mexico region and South Africa have shipped recently. The management looks forward to provide services to new clients as preliminary talks convert into orders and distribution deals.
Ecosciences is in initial talks to expand its network to other global territories including the Middle East, India and Europe. It is also looking to expand within North America with new and existing distributors. For the purpose, the company is establishing a vast channel of sales representatives, full line distributors and master distributors to service a varied group of end users.
The future ahead
Ecosciences Inc (OTCMKTS:ECEZ) recently introduced a program to attract, get and sign new distribution deals to commercialize bioremediation products to various target markets, including, but not confined to, commercial and industrial users, municipalities, retail customers, food processors, hospitals, the janitorial supply industry, supermarkets and restaurants. The management looks forward to concluding the ongoing negotiations and discussions with new and current distributors and informing the shareholders at the appropriate time.
In last trading session, the stock price of Ecosciences declined more than 8% to close the trading session at $0.360. The decline came at a share volume of 308,850 compared to average share volume of 34,336.