CINCINNATI--(BUSINESS WIRE)--EarthBlock Technologies, Inc. (OTCBB:EBLC) an international leader in eco-friendly, resource efficient construction using high quality compressed earth blocks, is pleased to announce that it has entered into a binding letter of intent to acquire Hybrid Earth Technology Ltd of the UK. The acquisition will provide specific and exclusive rights and ownership for Hybrid’s proprietary technologies and intellectual property, including products, machinery, plant and building systems, designs and engineering, with the exception of the UK at present. EarthBlock Technologies has a long history of working with Hybrid and its principals on past projects in Texas and Central America. “Ed Ellis and Hybrid have worked closely with us in the past. It makes perfect sense for us to leverage our relative expertise in earth construction.” Said Greg Pitner, EarthBlock’s CEO. “This is a very significant addition to our capabilities. The ability to provide a complete solution; machinery, design, construction services, along with manufacturing, sales and marketing, training, licensing, service and maintenance under one roof, uniquely positions us to expand our environmental ethos for creating minimal impact policies worldwide by offering green construction solution globally.” Ed Ellis, MCIOB; MSc Arch AEES SD & ACT - is a Chartered Environmentalist and MD of Hybrid Earth Technology Ltd. About EarthBlock Technologies, Inc. EarthBlock Technologies, Inc. engages in the application of technologically advanced earthen construction products for the large-scale production of affordable, high quality, energy efficient homes and commercial buildings. For additional information visit www.eblk.com Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EarthBlock Technologies, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
