Form 8-K ECO INNOVATION GROUP, For: Jun 21


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Exhibit 99.1

Eco Innovation Gains Access to New $ 10M Line of Credit

to Current Power and Strategic Objectives

VAN NUYS, Calif., June 21, 2022 / PRNewswire / – Eco Innovation Group, Inc. (OTC: ECOX) (“ECOX” or the “Company”), the Company has been granted a line of credit up to $ 10 million to invest in commercializing prototypes related to existing projects, and discovering new core innovation opportunities for its technology development pipeline.

“This has been a historically difficult period for growing stocks, with most seeing huge declines as the baby gets thrown out with the bathwater,” comments Julia Otey-Raudes, CEO of ECO Innovation Group. “However, we have a number of projects that are shepherding to a market, and this line of credit will ensure we have enough capital to achieve our objectives and move forward with no major foreseeable disruptions.”

The Company has acquired access to up to $ 10 million in new capital at its current funding arrangements, allowing for greater flexibility and flexibility in meeting its current objectives.

In addition, the new funding round will allow the Company to push its current projects toward commercialization, including its revolutionary new patented Advanced GET system, and next-generation glycerin-based supercritical plant extraction technology system, which has just entered Phase Two of its prototype build process.

In addition, new access to capital will allow the Company to take advantage of new opportunities for pipeline investments as it exposes its exposure to potentially significant game-changing new innovations. This is especially important during a period where many inventors and companies are facing potentially difficult pricing opportunities.

Otey-Raudes added, “While it may be difficult to capitalize on macro factors, companies have access to capital and continue to have a large number of deals. terms. We are focused on the long term and accomplishing our vision to deliver strong value to our shareholders. This funding offers us the optionality and security we need to achieve that goal. “

For additional details, please see the Company’s recent related 8K Filing.

About Eco Innovation Group

Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not just what we do. It is who we are. For more information, visit www.ecoig.com.

View the Company’s new video Here.

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements” within the meaning of the United Kingdom and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations and plans for the future. They can be identified by the use of such words as “anticipate,” “intend,” “plan,” “seek,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy, “” future, “” likely, “” may, “” should, “” would, “” could, “” will “and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Due to forward looking statements relating to the future, they are the cause of the Company’s actual results. Such risks, uncertainties and other factors include, but not limited to, economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors differ materially from those considered or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Corporate Contact:

Eco Innovation Group, Inc.

[email protected]

www.ecoig.com

Public Relations:

EDM Media, LLC

https://edm.media

https://c212.net/c/img/favicon.png?sn=LA95023&sd=2022-06-21 View original content to download multimedia: https: //www.prnewswire.com/news-releases/eco-innovation- gains-access-to-new-10m-line-of-credit-to-power-current-and-strategic-objectives-301571758.html

SOURCE Eco Innovation Group

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