Conforce International Closes USD 2 Million Equity Financing
TORONTO, Oct 07, 2010 (MARKETWIRE via COMTEX) -- Conforce International, Inc. ("Conforce" or "Company") (OTCBB: CFRI) is pleased to announce that it has closed an initial round of equity financing in the amount of USD Two Million ($2,000,000). The funds will be deployed by the Company to begin the first leg of commercializing EKO-FLOR(TM) for the highway trailer industry. Conforce will now move to establish production capacity in the U.S. to manufacture its proprietary composite flooring system engineered for the transportation industry. The Company expects that it will launch production of EKO-FLOR(TM) xts panels for delivery to the North American highway trailer market in January 2011. The Company also plans to establish its China based operations for delivery of EKO-FLOR(TM) cs-4 panels to the container industry in third quarter of calendar 2011.

The financing transaction was structured as a private placement between Conforce and the principals of venture capital and real estate development firm, Invar Building Corporation. The investment was priced in late July at $0.15 per share and in accordance with SEC Rule 144, the shares are restricted from trade for six months.

Conforce CEO Marino Kulas commented that, "The investment is an initial step towards capitalizing the first stage of our multi-platform production footprint. As a result, we are now in a position to provide much anticipated product delivery dates to the highway trailer industry."

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