- Significant year-over-year sales growth at Earth Innovations Inc.
- Addition of new distribution channels for 2019
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2019) - International Zeolite Corp. (TSXV: IZ) (OTCQB:
IZCFF) (FSE: ZEON) (the "Company") an international marketer and supplier of natural zeolite and zeolite products, is pleased to
provide investors an update on the Company's Earth Innovations Inc.(EII) increased sales for the first half of the current fiscal
year.
Results for the first half of fiscal 2019 indicate wholesale revenues from EII's flagship products, ecoTraction™ and
ecoTractionPRO™, in excess of $468,000 for the six-month period ending December 31, 2018. This represents an increase of 40% over
the pre-acquisition sales of Earth Innovations from the same period in 2017. In addition, and despite a decidedly warmer start to
the winter season in eastern Canada and the USA this year, EII is on track to meet or exceed last year's sales for the current
quarter (January to March 2019).
In December 2017, International Zeolite completed the acquisition of Earth Innovations Inc. to help the Company establish and
grow a consumer and commercial platform of zeolite and zeolite-based products. The Company began reporting the consolidated revenue
associated with the acquisition in October to December 2017 period (Q2 Fiscal 2018) and as such, this is the first time the Company
has incorporated full first half revenues from Earth Innovations. Earth Innovations further expects to add several new retail and
commercial distributors for the 2019 and the 2019/20 seasons for both its ecoTraction™ and Smell Grabber product lines.
"While Management is pleased with the overall EII growth in sales in the first half of the fiscal year", stated Ray Paquette
CEO, "we will continue to focus on increasing sales through establishing more distribution channels, marketing strategies, improved
logistics and increasing warehousing capacity in Eastern Canada."
On Behalf of the Board
Ray Paquette
President & CEO
604.684.3301
www.internationalzeolite.com
Some statements in this news release contain forward-looking information. These statements include, but are not limited to,
statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among
others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does
not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42471
