$ECOX Overview - First Edition - July 17, 2023 --
Post# of 4929
Recent Developments in 2023
March 30, 2023: filed SEC Form 15-12G to remove requirements to file reports under Rule 12g-4(a)(1).
July 3, 2023: new Consultant added - Richard Hawkins.
July 6, 2023: became "Alternate Reporting" - SEC Delinquent Reporting badge removed - as expected after the filing to remove normal reporting requirements.
https://twitter.com/OtcUpdates/status/1676712204970651649
July 14, 2023: 2023 Q1 filed.
July 14, 2023: Attorney Opinion Letter filed.
July 17, 2023: amended 2023 Q1 filed.
$ECOX Business Description [source: 2023 Q1 Report]
- ECO Innovation Group ($ECOX):
-- As a technology incubator, works to bring new technologies to consumers by providing the services needed to manufacture and distribute products incorporating the technology.
-- Provides technology developers with strong commercialization support from concept and product development to marketing and promotion.
-- Focuses on socially responsible and sustainable technologies.
-- Seeks out innovative inventors developing technologies with socially responsible benefits in the areas of energy efficiency, carbon emissions reduction, environmentally sustainable housing, green foods, and clean water.
-- Focuses specifically on developing sustainable and socially responsible technologies for the US and international markets.
- Services are provided through a 9-step “Evaluation to Market” process, used to identify and develop scalable technology opportunities that will have market potential with the application of strong commercialization support.
- The Evaluation to Market process consists of the application of our capital and management expertise through the provision of the following services:
-- Step 1 - Idea Generation: identifying goods and services that fit its corporate socially responsible and sustainable objectives.
-- Step 2 - Idea Screening: working directly with inventors, developers and entrepreneurs to identify products and services for commercialization.
-- Step 3 - Concept Development and Testing: working directly with Inventors, developers and entrepreneurs to build prototypes and proof of concept for commercialization.
-- Step 4 - Market Strategy Development: there are lots of great ideas, but not all pass the market strategy development. The market analysis helps determine if a product has market potential and also meets corporate objectives.
-- Step 5 - Business Analysis: during this process, they identify markets, competition, cost analysis, manufacturing options, logistics and distribution channels.
-- Step 6 - Technology Licensing: using their attorneys to protect IP with patents and trademarks as well as licensing agreements.
-- Step 7 - Product Development: engineering design, manufacturing prior to market introduction.
-- Step 8 - Test Marketing/Promotion: using market analytics to test market and solidify our market projections.
-- Step 9 - Commercialization: introducing products to market and realizing revenue.
Technologies - Progress
All the following are at Steps 6 & 7 out of 9 [source: 2023 Q1]
- JouleBox Power Station
- Power Booster - electric generation technology
- MagnoSpring - spring magnetic motor
$ECOX Subsidiaries [source: 2023 Q1 and relevant previous PRs]:
- Green Construction Division - USA and Canada.
- Spruce Engineering & Construction, Inc - Canada
- ECOX Spruce Construction, Inc - USA
Share Structure - Updated July 14, 2023
Transfer Agent Verified
No change - no dilution since last update
Authorized Shares: 10,000,000,000
Outstanding Shares: 1,758,242,371
Restricted: 433,572,035
Unrestricted: 1,324,670,336
Note: It is only the Unrestricted Outstanding Shares count that is relevant to current trading - comparatively low at only 1.3B for a stock in the .0003 > $.02 range.
PR Campaign [refer to otcmarkets.com for links - deleted for brevity]
43 x PRs since acquisition / start up in March 2020
2020
News - May 13. Eco Innovation Group, Inc. Announces Changes in Executive Leadership, Business Plan.
News - June 2. Eco Innovation Group, Inc. Announces Changes in Corporate Leadership and Strategy.
News - June 4. Eco Innovation Group, Inc. Announces Appointment of Dr. June Martinez, Esq. to the Board of Advisors (Patent Attorney).
News - June 16. Eco Innovation Group, Inc. Announces Signing of Exclusive Licensing Agreement for Power Booster™.
News - June 19. Eco Innovation Group, Inc. Announces Completion of Stage 3 Testing for PoolCooled™ Technology.
News - July 8. Eco Innovation Group Issues Shareholder Letter on the Path Ahead.
News - July 16. Eco Innovation Group Announces Letter of Intent to Market and Sell Revolutionary PoolCooled™ Technology Solution.
News - July 22. Eco Innovation Group Continues to Expand Technology Pipeline with New Pressure-Based Energy Solution.
News - July 30. Eco Innovation’s PoolCooled™ Achieves Over 65% Energy Savings in First Controlled Test.
News - October 6. Eco Innovation Signs Clean Energy Technology Deal.
News - December 15. Julia Otey-Raudes, CEO of Eco Innovation Group, Inc., is Featured in a New Audio Interview.
News - December 17. Eco Innovation Announces Addition of Patrick Laurie to Advisory Board.
2021
News - January 14. Eco Innovation Adds Polymath Inventor Demitri J. Hopkins to Advisory Board.
News - January 19. Eco Innovation Announces SEC Declaration of Effectiveness of S-1 Filing for $1.5M Direct Offering.
News - January 21. Eco Innovation Welcomes Biden-Harris Administration and Coming Landmark Investments in Green Technology Solutions.
News - January 26. Eco Innovation Group™, Inc. Announces Addition of Attorney SaraLynn Mandel to Advisory Board.
News - January 28. Eco Innovation Enters Cannabis Sector by Acquiring Exclusive Rights to Disruptive Supercritical Extraction Technology for Bioactive Compounds.
News - February 2. Eco Innovation Launches New Corporate Website (www.Ecoig.com)
News - February 4. Eco Innovation Welcomes Robert L. Hymers III as Advisor and Strategic Consultant.
News - April 20. Marijuana Company of America Inc.’s CEO, Jesus Quintero, Answers Shareholder Questions and Provides Operational Update in New Interview.
News - April 29. Eco Innovation Releases New Video of its Sustainability Mission and Vision.
News - May 18. Eco Innovation Highlights Key Growth Initiatives in Audio Interview with SmallCapVoice.com.
News - May 20. Eco Innovation Establishes Canada Subsidiary to Drive Green Technology Growth.
News - May 26. Eco Innovation Group™ Signs Definitive Agreement and Commences Manufacturing of Next-Gen Supercritical Plant Extraction Device.
News - June 8. Eco Innovation Signs Exclusive License Agreement for PoolCooled™ Climate Control Technology Solution.
News - June 16. Eco Innovation Group Announces Elimination of Variable Rate Convertible Debt.
News - September 21. ECOX Eco Innovation Announces Retirement of Variable Convertible Debt.
News - October 13. Eco Innovation CEO, Julia Otey-Raudes, to Present at the Benzinga Cannabis Capital Conference this Week in New York City.
News - October 14. ECOX Signs Binding Agreements to Open Engineering and Construction Firm to Drive Canadian PoolCooled™ Commercial Launch.
News - December 2. Marijuana Company of America Inc. (MCOA) Leverages Strategic Partnerships to Facilitate Growth Within the Industry.
News - December 16. Eco Innovation Group™ Files Patent Application for PoolCooled™ Climate Control Technology.
News - December 21. Eco Innovation Group Announces LOI to Acquire Proprietary Eco-Friendly Cooling Technology.
2022
News - January 19. Eco Innovation Group Opens New Green Construction Division
News - January 26. Eco Innovation Group's Spruce Construction Segment Signs Deal to Eco-Renovate Major US Military Base.
News - February 24. Eco Innovation Group's Spruce Construction to Renovate Major US Retailer Location.
News - March 17. Eco Innovation Group Receives Notice of Allowance from USPTO Covering Glytech, LLC Supercritical Plant Extraction Technology.
News - March 30. Eco Innovation's Next-Gen Cannabis Extraction Technology on Track for Full Commercial Launch as U.S. House Considers Federal Cannabis Legalization.
News - April 28. Eco Innovation Group Announces Patent Publication by USPTO Covering Glytech, LLC Supercritical Plant Extraction Technology.
News - May 10. ECOX Spruce Construction Secures License to Launch Green Infrastructure Operations.
News - June 15. Eco Innovation Enters Phase Two Construction for Next-Gen Supercritical Extraction System Prototype.
News - June 21. Eco Innovation Gains Access to New $10M Line of Credit to Power Current and Strategic Objectives.
Update + Business Article - September 6: Spruce Construction is capitalizing on the booming green construction sector.
This Eco Innovation Group addresses the needs of a $774 billion green infrastructure market. Learn about our roadmap and plan for $ECOX:"
News - September 8. Eco Innovation Group Announces Financial and Operational Highlights for the Three Months Ended June 30, 2022.
News - September 9. VANTIVA Demonstrates Next Generation CPE to Help NSPs Push the Edge in Bringing New Applications and Services to the Connected Home Market at IBC 2022.
Runs So Far
2021:
Ran from .0710 > .1420 on February 5 - 100%
Ran from .0260 > .0390 on August 12 - 50%
Ran from .0269 > .0350 on September 21 - 30%
Ran from .0250 > .0300 on September 29 - 25%
Ran from .0224 > .0339 on October 5 - 51%
Ran from .0112 > .0144 on November 11 - 28.5%
Ran from .0104 > .0284 on November 24 - 173%
2022:
Ran from .0068 > .0167 on January 19 - 145%
Ran from .0019 (previous close) > .0028 on March 17 - 47%
Ran from .0023 (previous close ) > .0033 on March 18 - 43%
Ran from .0027 (previous close) > .0064 on March 30 - 137%
Ran from .0021 (previous close) > .0031 on April 7 - 48%
Ran from .0020 > .0033 on April 25 - 65%
Ran from .0019 > .0028 on May 2 - 47%
Ran from .0023 (previous close) > .0037 on May 10 - 61%
Ran from .0020 (previous close) > .0028 on June 3 - 40%
Ran from .0013 (previous close) > .0020 on June 15 - 54%
Ran from .0009 (previous close) > .0029 on June 21 - 222%
Ran from .0013 (previous close) > .0018 on July 1 - 38%
Ran from .0010 > .0013 on July 13 - 30%
Ran from .0010 (previous close) > .0019 on July 14 - 90%
Ran from .0011 > .0017 on July 26 - 55%
Ran from .0012 > .0023 on August 22 - 92%
Ran from .0011 (previous close) > .0014 on September 8 - 27%
Ran from .0006 > .0008 on September 22 - 33%
Ran from .0006 (previous close) > .0008 on November 1 - 33%
Ran from .0005 > .0007 on November 8 - 40%
Ran from .0004 > .0005 on November 22 - 25%
Ran from .0004 > .0006 on November 28 - 50%
Trading Outlook
$ECOX has given an excellent return on a regular basis for anyone who watches continuously, is patient and who always has some shares that can be traded in any range it runs to on surges - even if they just jump in on the ask on serious move days.
With multiple lines of business development ongoing now, hail mary buys on the ask could get $ECOX into the .01 > .02 range.
Catalysts Ahead
Updates on:
- JouleBox Power Station
- Power Booster - electric generation technology
- MagnoSpring - spring magnetic motor
- Next-Gen Cannabis Extraction Technology.
- Green Construction Division - USA and Canada.
- Spruce Engineering & Construction, Inc - Canada
- ECOX Spruce Construction, Inc - USA
- Additional joint ventures.
Improving Financial Performance [source: 2023 Q1]
Net Loss for 3 months ending March 31
Down to $251,686 in 2023 from $4,522,945 in 2022
Website: https://www.ecoig.com/
Corporate Video: https://vimeo.com/538945466
Twitter: https://twitter.com/EcoInnovationGP
Eco Innovation Group Inc (ECOX) Stock Research Links
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