Petlife Pharmaceuticals Inc (PTLF)

Description:

ECO Ventures Group Inc formerly known as Modern Renewable Technologies, Inc. was incorporated on April 5, 2002 under the laws of the State of Nevada as Aztek Ventures Inc. Effective November 13, 2007, the Company filed a Certificate of Amendment to its Articles of Incorporation to change its name from Aztek Ventures Inc. to Genesis Uranium Corp. Effective April 21, 2008, the Company changed its name from Genesis Uranium Corp. to Vault Technology Inc. to reflect the change in the business focus beyond solely that of uranium exploration. Effective July 10, 2009, the Company changed its name from Vault Technology, Inc. to Modern Renewable Technologies, Inc. The Company was formerly a resource exploration and development company focusing on its uranium project in the Wollaston domain of North Eastern Saskatchewan, Canada. On July 10, 2009 Modern Renewable signed a renewed non-binding Memorandum of Understanding to enter into a licensing and distribution agreement with EcoBlu Products, Inc. to distribute their Ecoblu line of green building products in the Caribbean, Central and South American markets. Upon closing of an agreement to acquire the license the Company would become the distributor of proprietary wood products coated with a non-toxic eco-friendly chemistry that protects against mold, rot-decay, termites and value added fire for the Caribbean, Central and South American markets. The Company has not yet completed a final agreement with EcoBlu products; it intends to pursue this and other potential business opportunities in the growing environmentally responsible 'Green' products industry. The coatings and coated wood products market segments in the Caribbean, Central and South American markets are important due to the climates in certain regions and expense of timber based materials in other regions. The Company is presently analyzing the various markets in the territories it intends to license as to better focus its marketing and product development efforts. The EcoBlu coatings and coated wood products would compete in the coated/treated wood market. This is a mature market with large established biocide and chemical manufacturers, functionally equivalent technologies and fierce competition. The Company is subject to federal, state and local laws and regulations generally applied to businesses, such as payroll taxes on the state and federal levels. The Company provided multimedia consulting, complete classroom, boardroom, and conference room design and installation of audiovisual products and sound system design and installation, until July 10, 2009, when it announced its new business strategy.