This Week's Colorado Company To Watch: Eco-Products, Inc.

FOR IMMEDIATE RELEASE

August 17,2009

CONTACT:
Stephanie Steffens, Stephanie.steffens@state.co.us or coctw@lowe.org

THIS WEEK'S COLORADO COMPANY TO WATCH:
EcoProducts, Inc.   www.ecoproducts.com

Colorado Companies to Watch is pleased to announce Eco-Products Inc. as This Weeks Colorado Company to Watch.  The City of Boulder, Boulder Economic Council, Metro Denver Economic Development Corporation, the Colorado Office of Economic Development and International Trade, in conjunction with Colorado Companies to Watch congratulates President Steve Savage and his staff on this accomplishment.  The company's revenue has more than doubled over the last three years, and by year end is expected to have created 54 new jobs since 2006.

Eco-Products is the nation's leading supplier of environmentally friendly food service products.  The company manufactures and distributes a wide selection of high quality products at competitive prices under their Eco-Products brand name to food service distributors, paper product distributors and commercial accounts of all sizes.  It is the first in the United States to offer a complete selection of biodegradable food service products made from renewable resources.

The global disposable food service product industry is estimated to be over $30 billion annually.  Biodegradable products are the fastest growing segment in the industry and are estimated to exceed $1 billion by 2008, up from $500 million in 2005.  Key driving forces behind the company's current market opportunity are rapid growth in demand for products that biodegrade or compost, increasing demand for products that are made from renewable resources, limited number of suppliers of "green products", adoption of environmental laws by municipalities around the country and the world, rising prices of products made from petrochemicals and other non-renewable resources, and a growing desire for companies and individuals to be environmentally friendly.

Eco-Products is a great place to work and not only spreads a sense of closeness amongst the employees, but strives to listen to them in order to continually improve their work environment.  Whether it's bringing in a notable author to discuss customer service tactics or staging company barbeques on a regular basis, the management at Eco-Products is always looking for team-building strategies.  "Being a "green" company, we have a team of dedicated employees who have implemented many new ways of going beyond Eco-Products' claim of being a "zero waste" facility in order to bring that they learn at work, home to their family and friends", said President Steve Savage.

Colorado Companies to Watch is a dynamic program honoring growing companies that are developing valuable products and services, creating quality jobs, enriching communities, and building new industries throughout Colorado.  High performance, second-stage companies which account for most of the economic growth, community development and economic independence in our state.  The State of Colorado supports Colorado Companies to Watch through the Colorado Office of Economic Development & International Trade both in leadership and sponsorship.  This statewide effort sought out nomination from all sectors and communities and is not industry specific.  The winners represent a broad range of economic sectors and regions of our great state.  Companies to Watch (CTW) is a national awards program developed by the Edward Lowe Foundation to honor second-stage companies which has been successful in other states, but Colorado is the first to roll a yearlong celebration highlighting one of the fifty award winning companies each week.  To learn more about Colorado Companies to Watch, become a sponsor, or to nominate a company for the 2010 awards please visit www.colorado.companiestowatch.org