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ECIT

ECIT Ecoland International Inc. is today's automotive momentum penny play.

Please read our full profile on ECIT below and put ECIT on your watch list for today.

 

Symbol: ECIT.ob

Current PPS: $0.30

Outstanding Shares: 88.7M

Float: 16.65M

10 Day Avg. Volume: 18.2K

About The Company:

ECIT has recently announced ground breaking news regarding the finalization of their acquisition of D&R Technology (ECIT) set to take place on November 4th. D&R Technology (ECIT) is a Mississauga, Ontario-Canada based innovative market leader in the area of engineering, design, and, the manufacturing of automated tube processing solutions for the auto industry. D&R Technology is currently a service provider to automotive industry giants Ford, General Motors (GM), Toyota, DaimlerChrysler, and Honda.

One of D&R Technology's (ECIT) biggest strengths is their ability to diversify. In addition to their automated tube processing solutions they also make custom-built tooling, provide process development, production support, "on-going" service, preventive maintenance and much more.

ECIT offers sophisticated automation solutions to meet the needs of global automotive suppliers. Their extensive engineering know-how provides their clients with a state-of-the-art technology that delivers a high ROI.  Their innovative culture allows them to set future trends in the automation industry. Their long-term supplier partnerships along with the ability to choose the most appropriate technology guarantee optimal results.

Please click on the link below to see ECIT's cutting edge technology in action!!

http://www.dnrtechnology.com/techVideo.php

Website: www.dnrtechnology.com

PennyStockLock's "Key Points" on ECIT:

  • ECIT's cutting edge technology is in demand by several multi-billion dollar markets, including automobile manufacturing, aircraft, large construction equipment, die cutting and other industries requiring robotic fabrication of precision metal components.
    • Automobile Manufacturing - $1,184.6 billion
    • Aircraft (Aerospace Manufacturing) - $95.5 billion
    • Robotics - $21.8 billion; expected to surpass $30 billion in 2016
  • The production of automobiles and light trucks has grow significantly the past year and experts believe the trend will continue as the worlds global economy continues to grow most notably the rapidly growing economies of the BRIC countries Brazil, Russia, India and China.
  • Automobile and light truck shipments were up 13.6% ($102.6 billion, January - August 2011 up from $90.3 billion over the same time period in 2010)
  • Heavy duty truck shipments grew 15.5% ($12.2 billion, January - August 2010 to $14.1 billion over the same time period in 2011)
  • Automobile and light truck exports jumped 24.9% ($30.2 billion, January - August 2011 up from $24.2 billion over the same time period in 2010)
  • Heavy duty truck exports increased 14.5% ($9.1 billion, January - August 2010 to $10.4 billion over the same time period in 2011)
  • With automobile manufacturers looking to fill the high demand for vehicles in the growing U.S. and  foreign markets they will turn to service providers like ECIT to build complete and partially automated solutions, designed quickly, cost-effectively, reliably and ergonomically. In turn creating a steady stream of revenue that could lead to large profits for ECIT and their shareholders.
  • ECIT's acquisition of D&R has generated plenty of excitement among current and potential shareholders who see the value of a highly innovative company with enormous growth potential. Their proven revenue history, experienced sales team, and existing business relationships with industry leaders could make this acquisition a "win win" for ECIT and their shareholders.
  • PSL has heard a rumor that ECIT may be releasing even more big news shortly.
  • By looking at the 5 day chart below you can see that as volume increases so is ECIT's PPS...With tomorrow's expected volume ECIT could be on its way to a breakout...
  • PSL has heard a rumor that ECIT may be releasing even more big news shortly..
  • The buzz surrounding ECIT is already hitting the investor hot spots IHub and Twitter

ECIT has the potential to be PSL's next "Stock Lock" members should consider picking up some shares of ECIT early today @ 9:30am EST....This momentum play could breakout big and early....

Ecoland International, Inc. Sets Target Completion Date for Acquisition of D&R Technology Inc.

8:00a ET October 19, 2011 (GlobeNewswire)

Ecoland International, Inc. (OTCBB:ECIT) announces that, further to its press release dated September 15, 2011, Ecoland International anticipates that, subject to the receipt of all necessary board approvals, it will complete the previously announced acquisition (the "Acquisition") of D&R Technology Inc. on November 4, 2011.

Pursuant to the share exchange agreement D&R's shareholders will receive a majority share ownership in ECIT and it is anticipated that a name change will be made reflecting this change in majority share ownership. Also according to the share exchange agreement D&R's management team will assume operating and managerial control upon completion of the acquisition.

D&R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.

The Company also makes custom-built tooling, provides process development, production support, "on-going" service, preventive maintenance and more. D&R is devoted to customer satisfaction through best in class technology application. Developed partnerships with market leaders enable D&R to collectively leverage their respective strengths and deliver total solutions to their customers.

D&R Technology Inc. applies a process driven approach to equipment creation.

Today's automotive enterprises must continually increase their productivity in order to compete effectively. This requires shorter delivery times reduced operating costs, optimal utilization of capacities and optimized material and information flow, which is the continued primary focus D&R Technology Inc., offers their customers.

At the same time, total automation, defined previously as the ultimate goal, is being superseded by hybrid, partially automated and therefore flexible production systems. More than ever before, automotive enterprises need companies like D&R to build complete and partially automated solutions, designed quickly, cost-effectively, reliably and ergonomically.

Website -- www.dnrtechnology.com

David Wallace, CEO of Ecoland International, states, "We are truly excited about completing the acquisition with D&R as we feel D&R is positioned for rapid revenue growth and strong profitability as the Company's technology is clearly applicable to a number of huge multi-billion dollar markets, including automobile manufacturing, aircraft, large construction equipment, die cutting and other industries requiring robotic fabrication of precision metal components." Wallace continues, "The main stimulus for this acquisition was the tremendous growth potential of the D&R brand and the strong demand for such products associated with this brand. We also inherit the proven revenues, sales experience and the existing business relationships of D&R."

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Ecoland International, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, Ecoland International, Inc. dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended May 31, 2011 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.

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

SOURCE: Ecoland International, Inc.

CONTACT: Ecoland International, Inc.David WallaceInfo@ecolandguano.comhttp://www.ecolandguano.com

 

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