Business
Eco Tek 360, Inc. Provides Operational Update
Eco Tek 360, Inc. Provides Operational Update.
About this update from Authentic Holdings Inc.
[{"type":"text","content":"\n\n SOMERSET, NJ, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Eco Tek 360, Inc. (OTCQB: ECTX) (\"ECTX,\" \"Eco Tek\" or the \"Company\"), an innovative apparel company utilizing a patent pending fiber recovery sysytem and rejuvenation process to repurpose corporate uniforms and create celebrity DNA fiber infused collectible sportswear, today provided an operations update.\n EcoTek is pleased to announce making considerable progress with its corporate initiatives including; EcoTek 360 has entered into an agreement with Authentic Heroes, Inc as the exclusive manufacturer of its celebrity DNA-infused collectible clothing The Company has established a functional sample line to support initial product manufacturing with first production runs occurring in January of 2018 EcoTek 360 has entered into an MOU with a JV partner that will incorporate EcoTek’s proprietary processes at their manufacturing facility in New York State to support large scale commercial production runs The Company has filed a patent covering EcoTek’s proprietary fiber rejuvenation process \"We have made tremendous progress establishing the manufacturing infrastructure to both generate near term revenue in the coming months,while also putting the foundation in place for large scale commercial production capabilities later in 2018.  The Company now has the ability to provide sample uniforms for parties we have been in discussion with that are looking for a green alternative for their corporate uniform purchases.  Through our proprietary process and technologies, we allow our customers to substantially reduce their environmental footprint by saving significant amounts of water and eliminating the landfill waste that is born out of the traditional buy-use-destroy model. At the same time we are creating true circular economics for both our future clients and EcoTek. “While we believe the corporate uniform market represents a massive untapped opportunity, we also see great potential in our partnership with Authentic Heroes as the exclusive manufacturer of their celebrity “DNA fiber” infused collectible sportswear and clothing.  Authentic Heroes Inc ., thru its proprietary process can take one celebrity worn garment utilized in a concert,  a competition or a game and  repurpose that one garment into hundreds or...