Business
ReTo Eco-Solutions Board of Directors Approves After Market Services Expansion
BEIJING, July 16, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions
About this update from Reto Eco-solutions, Inc.
[{"type":"text","content":"BEIJING, July 16, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the \"Company,\" \"we\" or \"ReTo\") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced its Board of Directors approved an aftermarket services expansion of the Company's one-stop solution to meet the expanding and increasingly complex ecological needs of its customers. The service expansion will include equipment operation and maintenance services, which is expected to help generate higher service margin revenue, while also promoting the equipment market and sales. \nReTo boasts rich experience in operations and maintenance, as it not only provides environmental protection equipment and technology to the market, but also uses its own technology and equipment to produce eco-friendly construction materials. After a customer contracts for operations and management services, ReTo will work to increase the customer's project operating efficiency and lower its project operating costs by assisting the customer in implementing ReTo's equipment and technology, and by performing the ongoing operations and management.\nMr. Li Hengfang, ReTo's Chairman and Chief Executive Officer, commented, \"The market has evolved from customers considering the implementation of basic ecological management programs to where customers are now turning to ReTo to assist them in aggressively and quickly implementing sustainable environmental solutions. Based on existing demand and the expected long-term opportunity, and with the support of our Board of Directors, we are expanding our total solutions to allow us to capture our share of revenue from the ongoing operation and maintenance services. Our goal is to build our base of recurring, higher margin service revenue and add increased visibility into our business model and growth.\"\nAbout ReTo Eco-Solutions, Inc. (NASDAQ: RETO)\nFounded in 1999, ReTo (NASDAQ: RETO) is a leader in ecological innovation, with sustainable environmental priorities and seeks to empower communities through its proprietary technologies, systems and solutions, which have been used to bring clean water and fertile soil to villages and cities worldwide. The Company is founded on its strategy of Technology Improves Ecology and is a full spectrum provider of products and services, ranging...