TORONTO, Jan. 26, 2012 /CNW/ - EKO INTERNATIONAL CORP. ("EKO") - (EKNL - Pinksheets), EKO International Corp. and OEBIN Ltd. (OEBIN) are pleased to announce that a final draft agreement has been reached between the two companies which will result in formalizing the acquisition of OEBIN by EKO. OEBIN anticipates that sales over the next twelve months excluding a new industrial coating line of products is expected to be in excess of $20,000,000.
EKO is in the final stages of securing the distribution rights of a newly developed industrial coating which has numerous applications and is currently being used successfully in Europe. OEBIN will provide the marketing infrastructure to distribute the product in Canada and the U.S.A.
For further information:
please contact EKO by e-mail at [email protected]