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HILLSIDE, IL--(Marketwired - Apr 19, 2013) - Eco Depot, Inc. (PINKSHEETS: ECDP) announced it has exchanged written "Notifications To Proceed" with the WaterGeeks™ to consummate the proposed transaction referenced in the Letter Of Intent to become Exclusive Global Distributors of the WaterGeeks™ Brand of water filtration products. Having mutually completed their due diligence, Eco Depot™ and the WaterGeeks™ will now proceed towards creating a formal binding agreement which is expected to take 30-45 days to complete. Details of the proposed transaction will be released upon the anticipated completion of the Formal Final Agreement.
"We are pleased to have reached this stage ahead of schedule and look forward to working together now to complete our Final Agreement," Eco Depot™ CEO John Stange stated. "Management has worked hard to advance this agreement and to ensure the Company continues to advance in its OTC PINK reporting tier status and provide timely progress reports," Stange concluded. Capping off an eventful week for the Company, ECDP's anticipated new strategic partner's WaterGeeks™ brand of filtered water bottles are scheduled to be featured in a health and wellness segment during the final hour of NBC's "Today" Show (www.today.com) this morning. The scheduled segment will be hosted by Spry magazine (www.spryliving.com).
About Eco Depot, Inc.® (PINKSHEETS: ECDP)
Located in Hillside, Illinois USA, Eco Depot™ (www.ecodepo.co) is a publicly traded company listed on the OTC PINK under the "ECDP" trading symbol. Formerly an "eco lighting" distributor under new Management the Company is in the development stage of transitioning into a manufacturer and distributor of eco friendly Consumer Brand products. All inquiries should be directed to firstname.lastname@example.org.
About WaterGeeks™ (www.thewatergeeks.com)
Located in Kelowna, B.C. Canada, WaterGeeks™ is a private company that manufactures portable water filtration products. The WaterGeeks Brand has been featured in several leading consumer magazines and television editorial features over the past 5-years. WaterGeeks™ Filtered bottles have been test marketed at various select retailers including Target®, Neiman Marcus®, Wegmans® and Meijer® in the USA and at Home Outfitters® in Canada.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.