Eco Innovation Enters Cannabis Sector by Acquiring Exclusive Rights to Disruptive Supercritical Extraction Technology for Bioactive Compounds

January 28, 2021 8:00 AM EST

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VAN NUYS, Calif., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Eco Innovation Group, Inc. ("ECOX" or the "Company") (OTC: ECOX), an innovative company aggregating investments in new technologies that promote environmental and social well-being, and the advancement of green energy solutions, is excited to announce the signing of an exclusive license agreement (the “Agreement”) with Glytech, LLC (“Glytech”), a California-based producer of disruptive supercritical extraction technology for bioactive compounds.

Glytech’s technology utilizes a non-CO2 solvent to extract valuable bioactive compounds from plant-based materials to create a fluid output that is superior in viscosity to the output of standard carbon-dioxide-based extraction methods, while streamlining time, energy, and capital costs. This technology is ideal for CBD and licensed marijuana extraction among many other plants.

“Glytech has built an amazing and disruptive solution that holds the potential to upend traditional sourcing methods for extraction from medicinal plants and flowers for the holistic, cosmetics, and food markets,” noted Julia Otey-Raudes, President and CEO of Eco Innovation Group. “We are dedicated to finding commercially viable solutions that generate a strong environmental coefficient, and this is a perfect example of a technology that fits that paradigm. We are excited about the synergies it offers our current and future pipeline innovations as well as the direct applications it has for near-term commercialization.”

Management notes that the Glytech technology system is compatible with automation, providing for pure plant-to-shelf production solutions.

For more information, visit www.ecoig.com.

About Eco Innovation Group

Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Corporate Contact:Eco Innovation Group, Inc.Julia.Otey@ecoig.com www.ecoig.com

Public Relations:EDM Media, LLChttps://edm.media(800) 301-7883

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Source: Eco Innovation Group, Inc.


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