Navigation Links
ECO2 Plastics, Inc. Reports 2007 Year End Financial Results, Announces FDA Filing and Provides Outlook for 2008
Date:4/15/2008

SAN FRANCISCO, April 15 /PRNewswire-FirstCall/ -- ECO2 Plastics, Inc., (OTC Bulletin Board: ECOO), the eco-friendly recycling company that is changing the way plastics are recycled, today reported its 2007 year-end financial results in its 10-KSB filing. The Company reported revenues of $4.3 million for calendar year 2007 versus $61,000 during 2006. 2007 operating losses were $16 million versus $14.9 million during the prior year, with net losses of $32.6 million in 2007 versus $20.8 million for the prior year. Cash losses from operating activity were $7.2 million in 2007 versus $4.1 million for 2006.

"2007 was a transitional year for ECO2 Plastics," said Rod Rougelot, CEO of ECO2 Plastics. "We shifted from a development stage company to an operating entity and scaled our operations for commercial production. Equipment was tested for capacity constraints and reliability issues, while over 100 employees were hired and trained to operate the facility. The inefficiency of the ramp-up was exhibited in our 2007 numbers, but the hard work of our team has positioned the Company for a strong 2008."

In January 2008, the Company announced a mechanical problem that impacted the quality of material being produced. Production lines were reconfigured, which resolved the quality issues and the Company began shipments of prime quality flake again in late February.

During the first quarter of 2008, ECO2 completed the necessary FDA testing for the use of our product in the manufacture of food contact applications. Official test results were improved from those announced in Q4 2007. The Company's product now meets FDA standards for up to 100 percent inclusion in 12 categories of focus by the FDA. Our formal application has been filed with the FDA and we anticipate the approval process to take three to six months.

Additionally, the Company successfully converted all of its outstanding convertible debentures to equity during the first quarter of 2008.
'/>"/>

SOURCE ECO2 Plastics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Senetek PLC Reports 2007 Financial Results
2. Forest Laboratories, Inc. Reports Fiscal Year 2008 Fourth Quarter Reported EPS of $0.55 Including $0.35 Per Share Charge for Licensing Payment
3. Exponent Reports First Quarter 2008 Results
4. J.D. Power and Associates Reports: HealthFusion Recognized for Providing an Outstanding Customer Service Experience
5. Marijuana use on the rise among Ontario adults, CAMH reports
6. Longs Reports Preliminary March Retail Drug Store Sales
7. CardioDynamics Reports 22% Revenue Growth in First Quarter 2008
8. IRIDEX Reports Fourth Quarter and Full Year 2007 Financial Results
9. Haemacure Reports on its annual general and special meeting of shareholders
10. Obesity Costs U.S. Companies as Much as $45 Billion a Year, The Conference Board Reports
11. Consumer Reports: If Your Gums Could Speak
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/1/2015)... ... ... Lume Wellness creators Alex, Robert, and Sam have announced update 3.0.1 to ... , The app is designed to track various metrics of wellness, including physical activity, ... health and use this information for positive behavior modification. Lume Wellness keeps track of ...
(Date:7/31/2015)... ... , ... Ticket Down is a reputable source of authentic tickets for the 2015 iHeart ... of every genre of music will have an act they are excited to see at ... the following artists will perform: Sam Smith, Coldplay, Kenny Chesney, The Who, Jason Derulo, ...
(Date:7/31/2015)... (PRWEB) , ... July 31, 2015 , ... Precision Aesthetics ... eight years. It was also the first provider of Exilis non-surgical fat reduction ... sought after procedures it has attracted a large International clientele. Many patients travel ...
(Date:7/31/2015)... ... July 31, 2015 , ... There’s no better way to enjoy ... comes time to cook the next meal, making July the most appropriate to be ... grilling tips and recipes. , Make the next cookout different than the ones in ...
(Date:7/31/2015)... , ... July 31, 2015 , ... Ticket Down is ... Those looking to catch a new and refreshing show on Broadway, look no ... and achievements including an Obie Award, Outer Critics Circle Award, Drama Desk Award, Lucille ...
Breaking Medicine News(10 mins):Health News:Lume Wellness Launches Health and Fitness Tracker iPhone App 2Health News:Cheap 2015 iHeartRadio Music Festival Tickets in Las Vegas at MGM Grand Garden Arena: Ticket Down Slashes Ticket Prices on the iHeart Radio Music Festival in Vegas 2Health News:Cheap 2015 iHeartRadio Music Festival Tickets in Las Vegas at MGM Grand Garden Arena: Ticket Down Slashes Ticket Prices on the iHeart Radio Music Festival in Vegas 3Health News:King Kullen Honors National Hot Dog and Blueberry Month 2Health News:King Kullen Honors National Hot Dog and Blueberry Month 3Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 2Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 3Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 4Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 5Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 6Health News:Cheap Hamilton Tickets at Richard Rodgers Theatre: Ticket Down Slashes Ticket Prices for Hamilton in New York City at the Richard Rodgers Theatre 7
... -- Genes trump environment as the primary reason that ... victimized by crime, according to groundbreaking research led by ... University. , The study is believed to be ... , "Victimization can appear to be a purely ...
... institutions have identified in mice two proteins essential for ovulation ... treating infertility resulting from a failure of ovulation to occur ... by preventing the release of the egg. , The proteins, ... and release of the egg. , The study, appearing in ...
... has partnered with Emergency Physicians Affiliates in San Antonio, TX ("EPA") ... departments. , ... Cerritos, CA and San Antonio, TX ... that it has partnered with Emergency Physicians Affiliates in San Antonio, ...
... to make recommendation next week, report says , , THURSDAY, ... health experts met Thursday at the World Health Organization ... combat the swine flu virus that is now blamed ... Associated Press reported that drug companies are ...
... Tobacco-Free KidsWASHINGTON, May 14 The Wisconsin Legislature has ... right to breathe clean air by passing legislation to ... smoke-free. Gov. Jim Doyle has advocated for smoke-free legislation ... make Wisconsin the 27th state to pass a strong ...
... CorVel Corporation,s (Nasdaq: CRVL ) quarterly earnings release, CorVel will be ... June 4th at 11:30 am Eastern Time., Event: ... Dan Starck, President and CEO, ... Date: 11:30 am Eastern Time, Thursday, ...
Cached Medicine News:Health News:For adolescent crime victims, genetic factors play lead role 2Health News:Researchers identify key proteins needed for ovulation 2Health News:Researchers identify key proteins needed for ovulation 3Health News:Marina Medical Expands into Texas with Five Emergency Departments in San Antonio 2Health News:Health Experts Plot Strategy for Swine Flu Vaccine 2Health News:Health Experts Plot Strategy for Swine Flu Vaccine 3Health News:Health Experts Plot Strategy for Swine Flu Vaccine 4Health News:Health Experts Plot Strategy for Swine Flu Vaccine 5Health News:Health Experts Plot Strategy for Swine Flu Vaccine 6Health News:Health Experts Plot Strategy for Swine Flu Vaccine 7Health News:Health Experts Plot Strategy for Swine Flu Vaccine 8Health News:Health Experts Plot Strategy for Swine Flu Vaccine 9Health News:Approval of Wisconsin Smoke-Free Legislation Is Historic Win for Health 2Health News:CorVel Announces Fiscal Year Earnings Release Webcast 2
(Date:7/31/2015)... Calif. , July 31, 2015  Xencor, Inc. ... engineered monoclonal antibodies for the treatment of autoimmune diseases, ... appointment of Yujiro S. Hata to its ... experience in business and corporate development is a tremendous ... Ph.D., president and chief executive officer of Xencor. "Xencor ...
(Date:7/30/2015)... 30, 2015  ResMed (NYSE: RMD ... definitive agreement to acquire Curative Medical, a ... sleep-disordered breathing medical devices and accessories. ... with ResMed,s global leadership in sleep and respiratory medicine, ... China suffering from sleep-disordered breathing ...
(Date:7/30/2015)... we bring you a special edition of #MedicareMonday on Medicare,s 50 th anniversary. ... Medicare resources and continue highlighting the success of the prescription drug benefit, commonly referred ... out our latest infographics and videos here: http://onphr.ma/1INp9qQ ... ... ...
Breaking Medicine Technology:Xencor Appoints Yujiro S. Hata to Board of Directors 2Xencor Appoints Yujiro S. Hata to Board of Directors 3ResMed Invests in High-Growth Chinese Sleep and Respiratory Care Market with Curative Medical 2ResMed Invests in High-Growth Chinese Sleep and Respiratory Care Market with Curative Medical 3Happy 50th Anniversary Medicare! 2Happy 50th Anniversary Medicare! 3
... The SEAS (Simvastatin and Ezetimibe in,Aortic Stenosis) study ... the combination of simvastatin (40 mg daily) and,ezetimibe ... Aortic stenosis (which involves partial blockage of ... common disease among older people in Western,populations. Left ...
... Must for Clinical Trials Management, WASHINGTON, ... Centers (AAHC) today launched a new Clinical ... center leaders,research administrators, and chief compliance officers ... for the,research enterprise, particularly to manage and ...
Cached Medicine Technology:Results From the SEAS (Simvastatin and Ezetimibe in Aortic Stenosis) Study 2Results From the SEAS (Simvastatin and Ezetimibe in Aortic Stenosis) Study 3Results From the SEAS (Simvastatin and Ezetimibe in Aortic Stenosis) Study 4New AAHC Toolkit Available to Optimize Clinical Research Administration 2
The ideal on-the-spot reference for residents and practitioners seeking fast facts on fracture management....
Pocket Sports Medicine is the result of a collaboration between outstanding Editors and Contributors. The program covers the field so that both specialists and general orthopedists will find expert g...
Bones is a remarkable guide for the Medical Student, Nurse, Nurse Practitioner, Physician's Assistant or Physician to Bones....
The Urinary System Flash Cards product uses the time tested content and images from BryanEdwards.com and displays the necessary images to demonstrate the urinary system....
Medicine Products: