ECOLOGIX Resource Group Commences Cameroon Operations Ahead of Schedule and Reiterates Its Core Commitments
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BEVERLY HILLS, CA, Oct 29 (MARKET WIRE) --
ECOLOGIX Resource Group (OTCBB: EXRG), a natural resource company focused
on the timber industry and production of alternative energy solutions,
announced today it has commenced operations in Cameroon, Africa, ahead of
schedule.
Jason Fine, Chairman and CEO of ECOLOGIX Resource Group, said, "We are
pleased to report the commencement of operations in Cameroon ahead of our
internal projections. We can firmly credit our progress to strong
operational planning as well as to the solid local leadership that has
afforded us the necessary insight and guidance to operate effectively in
our local government and surrounding community. Our success in the future
will be greatly influenced by the strengths of our local management teams
and strong local partnerships. This focus, combined with a vigilant eye on
execution, will be a driving force in carrying out the Company's vision."
ECOLOGIX is a dynamic organization with an unyielding commitment to global
conservationism. The Company 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
will be expanding into other natural resources such as biofuel and oil,
and will evaluate other countries and geographies. Most of the areas that
the Company currently operates in, and plans to operate in, are jungle
territories or areas in which poverty runs rampant. As part of its focus
on social responsibility, the Company targets these areas and also looks,
from a trending perspective, that the geography appears to be able to
support massive growth.
Mr. Fine continued, "From a business perspective, we're very aggressive in
terms of capitalizing on natural resources in a way that is friendly to
the environment and also positively impacts the communities we operate
within. This is a large part of what we're trying to accomplish --
transforming communities and people's lives through healthcare, education
and infrastructure, while growing our business through environmentally
friendly processes. Ultimately we hope to provide a model to the industry
as a whole as to how an organization can profitably harvest timber
without negatively impacting the environment."
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. Additional information on ECOLOGIX Natural Resource
Group is available on its website, www.ecologixrg.com.
Safe Harbor
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
Copyright 2009, Market Wire, All rights reserved.
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