expansion of sales activity, underlined by the
announcement that Ecoprogress has just made
an order for 36 containers of product for sale
in key markets.
The progress follows on the heels of a major
product and packaging redesign that has
earned Flushsaways praise from consumers. As
the world’s first and only flushable, biodegrad-
able fem-hy offering, the products give women
a convenient and environmentally responsible
alternative. Newly revamped, Flushaways now
compare favorably with large competitors
offerings in independent, third-party con-
sumer research.
Ecoprogress makes products using a substitute
plastic material known as polyvinyl alcohol
film (PVA), a material that disintegrates when
wet. Depending on how the company formu-
lates PVA and how they treat it, it can be used
in many applications calling for conventional
plastic. Because PVA breaks down in water,
products such as feminine hygiene napkins and
liners can be made to have minimal environ-
mental impact. Conventional fem-hy products
will break down only after about 300 years in
a landfill. Ecoprogress’ Flushaways break down
within minutes.
While the company has been around for about
a decade, it has suffered a number of delays
and complications on the way to market. A
series of management groups failed to convert
on the PVA opportunity.
The company began a turn-
around last year with a new
president, John Banks, lead-
ing a revamped team. Banks
is a turnaround specialist
with a number of successes
behind him in Europe and
North America. Banks’ first
turnaround role was with
Chase Manhattan Bank in
the 1980s where he was
part of a team that turned
around their office in Paris,
France. He subsequently
led the turnaround of the
FINANCIAL Profile
Third Quarter, 2005 Symbol: TSX-V CES...
Consolidated Ecoprogress Technologies Inc.
TSX-V: CES
With today’s announcement that it has order
36 containers of its lauded Flushaways femi-
nine hygiene products, valued at $US1.8 mil-
lion, Consolidated Ecoprogress Technologies
Inc. (TSX-V: CES) has fire