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.
ReTo 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.
Mr. 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."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded 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
from the production of environmentally-friendly construction
materials, environmental protection equipment and manufacturing
equipment used to produce environmentally-friendly construction
materials, to project consulting, design and installation for the
health and improvement of ecological environments, such as
ecological soil restoration, through solid waste treatment.
For more information, please visit: http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Specifically, the Company's
statements regarding its ability to: 1) ability to expand its
services to provide ongoing operations and maintenance of
technology and equipment; 2) its ability to generate
recurring higher margin service revenue; and 3) its ability to
increase its customers' operating efficiency and lower their
operating costs are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual
results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions; the
growth of construction and ecological solutions in China and internationally; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and
internationally and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the Securities and Exchange Commission. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Giorgio Zhao
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc
Global IR Partners
David Pasquale
New York Phone: +1-914-337-8801
RETO@globalirpartners.com
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SOURCE ReTo Eco-Solutions, Inc.