Why EworldwireTM

Get Direct Delivery : Send your press release via the highest regarded and respected PR newswire service. All media targeting services - from writing, to video, podcast and photo - are provided in-house by the ONLY BUSINESS WIRE TO OFFER THESE SERVICES COMPLETELY IN-HOUSE. ARCHIVE YOUR PRESS RELEASE INDEFINITELY - NOT JUST 7 OR 30 DAYS- and benefit from the long-term long tail impact of your news release when the public is searching online, with no hidden costs.



Seeker Tec International, Inc.

Company Information :
Seeker Tec International, Inc.
3433 Highway 190 #365
Mandeville, LA 70471
Ph. 9854004262

Stock Information:
SNTL 0.0148 +0.0001 

Seeker Tec International Inc. Acquires South African Based Company, Leading Construction of Low Cost, Ecofriendly Housing

For Immediate Release

MANDEVILLE, La./EWORLDWIRE/Dec. 11, 2013 --- Seeker Technologies Ltd (OTC Markets: SNTL) the wholly owned subsidiary of Seeker Tec International Inc., has agreed to acquire a majority stake in Eco Steps, a South African based company that leads the field in the construction of low cost ecofriendly housing.

Eco Steps (http://www.ecosteps.co.za) is owned and managed by founder Rodney Wall, who has a wealth of experience in the construction and development of the high quality, low cost housing and related products.

Mike Kendrick commented: "Seeker Tec has been investigating this market for two years and sees the acquisition as a major strategic step in its development of its compassionate capitalism brand. Many countries across Africa and beyond, affected with land mines, need to re-house people evacuated from those areas and the respective Governments regard the production of affordable homes as a major part of the solution. There is an absolute need to build millions of new home across Africa and the Eco Steps house offers a unique and cost effective answer.

"The homes, built using sandbag technology, are solid in construction and almost indestructible. A house can be built in a two days using local labor and materials and have been built in South America, Africa and Europe. The design is recognized by the South African building authorities and has won design awards in the U.S.

"While landmine affected countries are a major market for Seeker, we recognize the potential need across the world for this type of construction. Seeker is currently tendering for a construction contract in South Sudan with a value in excess of $7 million and has applied for permission to build a show home in the U.K.

"We have consulted with architects and building companies in the U.S., U.K. and Europe, and all have recognized the potential and the efficacy of this type of building.

“When you consider that sandbags mature into solid blocks to which a screed is applied, it's close to how the pyramids were built and they have been standing for over 4000 years."

Although Eco Step is a small company with sales projected at just five million Rand (USD$500,000) in 2014, Seeker Tec expects to grow the business substantially in the coming years.

Safe Harbor Statement
These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include but are not limited to the acceptance of products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of the company's common stock. The company disclaims any responsibility to update any forward-looking statements.

HTML:   http://www.eworldwire.com/pressreleases/212906
PDF:   http://www.eworldwire.com/pdf/212906.pdf
MOBILE:    http://e4mobile.com/view_release.php?id=212906
ONLINE NEWSROOM:   http://www.eworldwire.com/newsroom/320245.htm

NEWSROOM RSS FEED:   http://newsroom.eworldwire.com/xml/newsrooms/320245.xml
LOGO:   http://www.eworldwire.com/newsroom/320245.htm

Donald Gay
Seeker Tec International, Inc.
3433 Highway 190 #365
Mandeville, LA 70471
PHONE. 9854004262
URL. http://www.Seeker-Tec.com
EMAIL. info@SeekerTecInternational.com

KEYWORDS: construction, international business, South African

SOURCE: Seeker Tec International Inc.


    • Featured

  • Client Login

    Forgot Password?
  • chat button
  • Newsletter