ECOYA Changes Its Company Name to Trilogy International Ltd

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 here.

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.

ENDS

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