BEIJING, March 4, 2021 /PRNewswire/ -- ReTo
Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a
provider of technology solutions for the improvement of ecological
environments, today announced that its wholly owned operating unit
Ruitu Mingsheng Environmental Protection Building Materials
(Changjiang) Co., Ltd., won a sales contract worth RMB 10.71 million with Sanya Guohong Municipal
Engineering Construction Co., Ltd., an influential State-owned
enterprise with extensive sales channels and markets.
The two companies plan to expand the use of ReTo
Eco-Solutions' environmentally friendly materials and
equipment in construction projects, including ReTo' patented
retaining bricks, which are used in a wide range of applications
from construction and beatification projects to protection
facilities in natural disasters including landslides and other
disasters.
Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer,
commented, "We continue to execute on our high-value, multi-stage
business model, as we focus on building momentum and driving
profitable revenue growth. With inherent sustainability and
higher profit margins, our proprietary processing technology and
equipment reduce the cost of waste by recapturing otherwise lost
value in the recycling system. Importantly, we are right in the
middle of the fast growing, global clean energy tech space, where
demand far outstrips capacity. We continue to invest in our growth
in support of our increased customer demand. At the same time, we
are preparing for a future in which full value capture recycling
will be the norm for manufacturers and municipalities across the
globe."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary
technologies, systems and solutions, is striving to bring clean
water and fertile soil to communities worldwide. The Company offers
a full range 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 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.
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: 1) the ability of additional features and customized
configurations on its machinery and equipment products to attract
new customers; 2) the ability of the growth of its business to
resume in the near future; and 3) the further spread of COVID-19 or
the occurrence of another wave of cases and the impact it may have
on the Company's operations 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 the construction industry in China; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China 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.
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SOURCE ReTo Eco-Solutions, Inc.