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Announcement

NAME: ECO: ECOYA changes its company name to Trilogy International Ltd

22 May 2013 15:19NZX
22 May 2013
ECOYA changes its company name to Trilogy International Limited
Ecoya Limited (NZX:ECO) has announced today that it will change its name to
Trilogy International Limited.
Ecoya acquired Trilogy in September 2010 and since then the business has
grown and has contributed significantly to overall group performance. Revenue
from Trilogy now represents 60% of group revenue and is forecast to remain a
significant proportion of the business.
Whilst changing the name of the group to Trilogy, the Ecoya brand and
business also continues to grow. In the New Zealand market, the Ecoya brand
has achieved revenue growth of 94% percent during 2013 and has a strong
platform for continued growth. The launch of new products, Madison and Mini
Metro, have been very successful and helped lift sales in the first months of
the new financial year.
"We believe that by changing our name to Trilogy, investors will better
understand the direction of our business. Importantly, it supports the
breadth of opportunities available to us in both the home fragrance market
and the international skin care market," said Stephen Sinclair, CEO of
Trilogy International.
"The global skincare market continues to grow and the Trilogy brand is well
placed to take advantage of opportunities both in Australasia and
internationally. Key recent wins for the Trilogy brand highlight the
opportunities available that we are well-positioned to pursue. Trilogy''s
certified natural credentials and the fact that it''s a New Zealand product
provide strong points of difference for us to leverage," he adds.
The business for Trilogy in Australia is up 30% from 2012 which is
representative of opportunities in Australasia and markets further afield.
The Ecoya group will soon announce its audited results for the year ended 31
March 3013, which will confirm guidance provided in April, a copy of the
April announcement is attached.
Effective 4 June 2013, the company will trade through NZX as Trilogy
International Limited under ticker code "TIL". The ticker code for Ecoya
Series 2 warrants will remain as ECOWB. The warrants expire on 15 June unless
exercised prior.
For further information contact;
Chairman - Geoff Ross; 021 424219  CEO - Stephen Sinclair; 021 330053
End CA:00236512 For:ECO    Type:NAME       Time:2013-05-22 15:19:13
Views: 411
Ecoya Limited Ordinary Shares
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