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CFRI Conforce International Inc (GM)

0.000001
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Conforce International Inc (GM) USOTC:CFRI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.000001 0.000001 0.00 01:00:00

Conforce International Completes Financing

16/03/2011 12:00pm

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Conforce (GM) (USOTC:CFRI)
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Conforce International, Inc. ("Conforce" or "Company") (OTCBB: CFRI) (OTCQB: CFRI) is pleased to announce that it has raised a further US $1.3 million completing the second round of equity financing for aggregate subscription proceeds of US $7.5 million. The additional shares issued are subject to the same terms and conditions as those described in the press release disseminated by the Company on February 22, 2011. The proceeds will be used to fund the Company's EKO-FLOR™ manufacturing operations in Peru, Indiana.

About Conforce International

Management of the Company has been in the shipping container and highway trailer business for over 25 years. The Company has developed an innovative composite flooring system, EKO-FLOR™, engineered to replace the outmoded hardwood flooring currently employed by the transportation industry. The Company is targeting its initial sales efforts on the container and trailer industries which have been aggressively seeking a viable replacement for apitong tropical hardwood and laminated oak flooring, respectively. EKO-FLOR™ is significantly lighter, stronger and more durable than wood. The product possesses superior quality and performance characteristics including complete resistance to stains, odors, absorption of oil or liquid chemicals, microbial and insect attack. EKO-FLOR™ will not corrode, delaminate or absorb water. The solution is cost-effective, has a reduced carbon footprint and is environmentally responsible. In 2009, Conforce and Bayer, a leading global material sciences conglomerate, became project partners for the purposes of commercializing EKO-FLOR™. The product has been certified by the American Bureau of Shipping, Lloyd's Register and Bureau Veritas for use in ocean-going containers worldwide and recently passed TTMA RP-37 certification for use in North American highway trailers. The Company has commenced customer evaluations of its product with top-tier shipping lines and highway trailer manufacturers. For more information, please visit www.conforceintl.com.

Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "projects," "plans," "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, forecasts and projections about the success of its newly developed container and trailer flooring products, as well as certain other composite based flooring products in various stages of development. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.

Conforce International, Inc. Investor Relations (416) 234-0266 ext. 6 investors@conforceintl.com www.conforceintl.com

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