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:8/1/2014)... plays a central role in regulating appetite and whole-body ... the brain,s control of food intake and body weight, ... has been unclear. A new study in ... PPARγ activity in a type of neuron known as ... to high-fat diet. Sabrina Diano and colleagues at ...
(Date:8/1/2014)... 1, 2014 (HealthDay News) -- Almost 140 people ... transportation in the United States. But there ... catastrophes, Dawne Gardner, injury prevention coordinator at Cincinnati ... said in a medical center news release. ... to school, it,s important for parents and children ...
(Date:8/1/2014)... As AndroGel lawsuits and testosterone lawsuits ... Johnson, Jr. has been appointed as co-lead counsel to ... medications. Since the Fall of 2013, Ron and his ... to investigate and prosecute the claims of men who ... as a result of taking testosterone. As a result ...
(Date:8/1/2014)... August 01, 2014 Market Publishers ... reports have been added to its catalogue. ... Pharmaceutical Ingredients (APIs), Contract Research and Manufacturing Services ... pharma industry drivers include, among others, increasing ageing ... hygiene. In 2015, the pharma market in India ...
(Date:8/1/2014)... HealthDay Reporter FRIDAY, Aug. ... as a time-honored destination for a good cut and conversation. ... also be the spot to tackle an often overlooked health ... novel partnership, the U.S. Centers for Disease Control and Prevention, ... the help of barbershop staff to both discuss and diagnose ...
Breaking Medicine News(10 mins):Health News:Expert Offers School Bus Safety Tips 2Health News:Ron Johnson Named Co-Lead Counsel in Lawsuits for Men Injured by AndroGel and Testosterone 2Health News:In-demand Markets Research Reports by Kelly Scientific Publications Now Available at MarketPublishers.com 2Health News:In-demand Markets Research Reports by Kelly Scientific Publications Now Available at MarketPublishers.com 3Health News:Barbershops Join Fight Against High Blood Pressure in Black Men 2Health News:Barbershops Join Fight Against High Blood Pressure in Black Men 3
... April 24 Choice Hotels,International (Choice) announced today ... insurance plan from Planned Administrators Inc.,(PAI), available to ... With the announcement, the franchisees that own ... in the United States now have the option ...
... 24 Boston Scientific,Corporation (NYSE: BSX ... the,Multicenter Automatic Defibrillator Implantation Trial with Cardiac,Resynchronization ... examines the potential benefits of Boston Scientific ... population of,heart failure patients. It is the ...
... Research Confirms Rounder Teeth Provide More Feminine and Youthful ... ... dentist Denise,Fundora, DDS ( http://www.fundoradental.com ) of Beverly Hills, CA states,"Changing the ... as rejuvenate your overall appearance. Some of my patients,say that a smile ...
... Their Computerized,Prescribing Systems Are Effective, First Use ... Survey, WASHINGTON, April 24 With the ... becomes the,first health care quality organization to add ... computerized medication prescribing systems are actually,catching common, serious ...
... of cancer, study warns , , THURSDAY, April 24 (HealthDay ... been successfully treated if ovarian or testicular tissue they ... back into their bodies without it being adequately checked ... , Researchers at two university hospitals in Israel, writing ...
... 24 Life Brokerage Partners,announces three additional carrier ... Polaris and United National Finance,Inc. ("UNF"). These premium ... they provide new methods for transacting,business., The ... and UNF,do not end with the agents, but ...
Cached Medicine News:Health News:Choice Hotels Selects PAI as Qualified Vendor to Offer Health Benefits to Part-Time, Hourly Workers in Its Franchisee Base 2Health News:Choice Hotels Selects PAI as Qualified Vendor to Offer Health Benefits to Part-Time, Hourly Workers in Its Franchisee Base 3Health News:Boston Scientific Completes Enrollment in Landmark Heart Failure Trial 2Health News:Boston Scientific Completes Enrollment in Landmark Heart Failure Trial 3Health News:'Size Does Matter ... and So Does Shape ... When It Comes to Teeth,' Says Cosmetic Dentist, Dr. Denise Fundora 2Health News:The Leapfrog Group Releases 2008 Hospital Survey Offering Consumers Greater Assurance of Safety 2Health News:The Leapfrog Group Releases 2008 Hospital Survey Offering Consumers Greater Assurance of Safety 3Health News:The Leapfrog Group Releases 2008 Hospital Survey Offering Consumers Greater Assurance of Safety 4Health News:Stored Ovarian Tissue Needs Testing Before Re-Implantation 2Health News:Life Brokerage Partners Strengthens Premium Finance Programs 2
(Date:8/1/2014)... 2014 Research and Markets ... Medical Biosensors Market 2014-2018" report to their ... Medical biosensors are used to analyze ... These biosensors monitor health status, disease betterment, and ... They are cost-effective and user-friendly devices. Also, they ...
(Date:8/1/2014)...  NxStage Medical, Inc. (Nasdaq: NXTM ), a ... Jeffrey H. Burbank , Chief Executive Officer, and Mathew ... th Annual Canaccord Genuity Growth Conference being held at ... Wednesday, August 13 th at 4:30 p.m. ET.  A ... http://ir.nxstage.com/ .  About NxStage Medical ...
(Date:8/1/2014)... , Aug. 1, 2014 Dyadic International, Inc. ... and proprietary technologies are used to develop, manufacture and ... chemical, biopharmaceutical and industrial enzyme industries, announced today that ... quarter ended June 30, 2014 after market close on ... call that day at 5:00 p.m. Eastern Time to ...
Breaking Medicine Technology:Global Medical Biosensors Market 2014-2018: Key Vendors are Abbott, Bayer, LifeScan and F. Hoffmann-La Roche 2NxStage to Present at the 34th Annual Canaccord Genuity Growth Conference 2Dyadic International To Announce Second Quarter 2014 Financial Results And Host Conference Call On Thursday, August 14, 2014 2Dyadic International To Announce Second Quarter 2014 Financial Results And Host Conference Call On Thursday, August 14, 2014 3
... Slimline single-use pH catheters are ... cross-contamination and allow greater patient comfort ... ,Medtronic pH measurement systems have been ... that allow an accurate room-temperature calibration. ...
FLEXILOG spare part....
FLEXILOG spare part....
Complete calibration kits are available for both pH and manometry systems....
Medicine Products: