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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Aquatic Cellulose And Cecco Trading, Inc./Timber Holdings Ltd. Launch Environmental Partnership And Multimillion Dollar Exclusive Supply Agreement,
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Aquatic Cellulose And Cecco Trading, Inc./Timber Holdings Ltd. Launch Environmental Partnership And Multimillion Dollar Exclusive Supply Agreement,
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FOR IMMEDIATE RELEASE:
Aquatic Cellulose And Cecco Trading, Inc./Timber Holdings Ltd. Launch Environmental Partnership And Multimillion Dollar Exclusive Supply Agreement,
Via Phase One Of Asbury Park, NJ Boardwalk Reconstruction.
CANADA, BRITISH COLUMBIA, VERNON, Apr. 5 -/E-Wire/-- Aquatic Cellulose (AQCI) today announced it has entered into an environmental partnership and multimillion-dollar exclusive supply agreement with Cecco Trading, Inc./Timber Holdings Ltd. of Milwaukee, WI. The two companies will launch this unique environmental partnership via the first phase of boardwalk reconstruction at Asbury Park, NJ. Cecco Trading/Timber Holdings, which has secured Aquatic Cellulose as a "green" material supplier for Asbury Park, will place into the project as much production of Aquatic's reclaimed material as it is capable of delivering, given time constraints for completion.
Aquatic Cellulose, a leader in the emerging aquatic timber harvesting industry, and Cecco Trading/Timber Holdings, the largest supplier of boardwalk decking in the United States, have entered into a multimillion dollar exclusive supply agreement aimed at broadening markets in the U.S. for Aquatic's reclaimed lumber products. Under the exclusive supply agreement, Cecco Trading/Timber Holdings will purchase total production of underwater harvested Ipe (pronounced "EE-pay) hardwood from Aquatic Cellulose. To secure the agreement, Cecco Trading/Timber Holdings has placed a series of decking orders totalling over $1,500,000. The Company spokesperson stated it has begun processing these orders for shipment to the customer via port of Belem in Brazil.
In speaking about Asbury Park and the environmental partnership with Aquatic Cellulose, Brian Lotz, President of Cecco Trading/Timber Holdings, stated, "It was clear that preserving the natural character of the boardwalk was important to Asbury Park residents, as well as preserving the boardwalk's history and tradition of being constructed from natural wood. At the same time, we wanted to reduce any environmental impact of that preservation objective with responsible decisions about the material used to rebuild the boardwalk.
"Our voluntary decision to enter into a supply agreement with Aquatic for Asbury Park represents a 'win-win' for all parties involved - the city, the contractor, Aquatic Cellulose, our company, and the environment. We see this agreement as an exciting evolution in our long history of environmental partnerships - efforts that have become synonymous with the Iron Woods Brand name."
The Asbury Park project, which is being funded in part by state grants from the Green Acres organization, is unique in illustrating how such agreements benefit the environment and serve the needs of the local community. Tim Keating, Director of Rainforest Relief, an environmental group opposed to irresponsible forestry, agrees. "We're very pleased that wood reclaimed from submerged rainforests is being used for the Asbury boardwalk project. Given that tropical woods were specified, this is the best solution in the short term. We look forward to the day when, if wood is used for boardwalks, piers and decking, it's entirely from reclaimed and/or independently certified sources. We're happy to see Cecco Trading/Timber Holdings shifting their supply to more environmentally preferable sources."
"We are both pleased and honoured to be a 'green' material supplier for this historic reconstruction project at Asbury Park," stated Gary Ackles, Aquatic CEO. "The agreement with Cecco Trading/Timber Holdings represents another step in our successful transition to value added products and is further testament to the inherent environmental nature and quality of our underwater source. Aligning our lumber products with companies that are well positioned in key markets is a long-term strategy we feel confident will lead to greater sales, distribution, and awareness. We are looking forward to supplying Asbury Park, as well as other boardwalks along the East Coast and throughout the United States, with quality reclaimed Aquatic decking."
About Aquatic Cellulose
Aquatic Cellulose International is a leading supplier of environmentally friendly lumber made from submerged standing timbers. These timbers were inundated many years ago as a result of dam construction. Aquatic currently harvests in the Amazon at Tucurui Lake utilizing patented ATH (Aquatic Timber Harvester) technology. The ATH, operated exclusively by Aquatic, is a robotic based harvesting system that performs underwater cutting and retrieving tasks with greater efficiency and safety than conventional diver based methods. Aquatic specializes in the reclaiming and processing of this lost resource to provide quality wood products without negatively impacting living forests. To learn more about Aquatic Cellulose and Aquatic hardwoods, visit www.AquaticCellulose.com and join the company's growing e-mail list.
About Cecco Trading, Inc.
As members of Forest Stewardship Council (FSC), Cecco Trading, Inc./Timber Holdings Ltd. is dedicated to achieving forest sustainability through the responsible use of forest products. Cecco Trading/Timber Holdings has demonstrated a commitment to transforming markets towards ecologically sensitive models through adoption of Certified Forest Products Council (CFPC) purchasing policy guidelines and ongoing participation in the FSC Chain of Custody Certification Program. Based in Milwaukee, WI, Cecco Trading, Inc./Timber Holdings Ltd. is the largest importer of Brazilian Ipe lumber and decking products in the United States. This press release contains statements that constitute forward statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company's dependence on one customer, seasonality of the Company's retrieval business and risk of future losses from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
The NASD OTC has neither approved nor disapproved of the information contained herein.
Aquatic Cellulose International
Aquatic Cellulose International Corp., Mr. Gary Ackles, 250/558-5410
http://www.AquaticCellulose.com
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