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EcoBlu Products to Begin Testing and Treatment of Homes Contaminated With Chinese Drywall

VISTA, Calif., Jan 7, 2010 (GlobeNewswire via COMTEX) — EcoBlu Products, Inc. (OTCBB:ECOB) announced today that it will begin testing of a new process to remediate contaminated Chinese drywall used in home construction that would eliminate the need to remove the affected drywall from the structure. The new procedure will use a combination of proprietary EcoBlu technologies to encapsulate the drywall on all sides to prevent the toxic fumes from escaping into the home.

EcoBlu is partnering with RealTime Laboratories, LLC (RTL) and Dr. Dennis Hooper to perform the testing and treatment of contaminated homes.

RTL is a Texas company that has developed, patented and validated real-time polymerase chain reaction (rt-pcr) DNA testing to determine the presence of sulfur and iron reducing and oxidizing bacteria in the drywall of homes with noxious sulfur odors.

“This represents another important market for EcoBlu. Contaminated Chinese drywall is a problem affecting thousands of homes. If we can successfully remediate a home without the time and expense of removing all of the drywall, it could save homeowners a great deal of money and save neighborhoods devastated by this problem,” said Steve Conboy, President and CEO of EcoBlu Products. “EcoBlu Products and RTL have been given their first order to begin testing 2 units in a 220 unit multifamily complex in South Florida. If the treatment and testing is a success, they will continue with the remaining units with a target completion date of June 2010,” added Conboy.

Towers Perrin, a Stamford, Conn.-based consulting firm, estimates the total economic losses from the tainted drywall could fall between $15 billion and $25 billion, costs that rival the 10 most-expensive hurricanes in recorded history, excluding Hurricane Katrina. It’s estimated that as many as 100,000 homes across the country, built between 2004 and 2007 could have defective and potentially dangerous Chinese drywall. The contaminated wallboard is cited for having excessively high levels of sulfur. Homeowners complain the fumes given off are the cause of various health problems and corrode the copper in home wiring, fixtures and appliances, including computers, televisions and air conditioners.

About EcoBlu Products, Inc.

EcoBlu Products, Inc. is a manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites and fire with EcoBlu’s FRC(TM) technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD(TM) and FRC(TM) technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.

The Company is committed to the development, marketing and sales of environmentally responsible building materials. EcoBlu products are ready to deliver the winning edge to builders and the environment with its sustainable green product line.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Some or all of the results anticipated by these forward-looking statements may not occur. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties, which may arise, the failure to obtain necessary approvals, the future market price of EcoBlu Products, Inc. common stock and the ability to obtain the necessary financing.

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This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: EcoBlu Products, Inc.

By Staff

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