Biopack Environmental Announces Entry into the United States Packaging Market

Tue Jul 14, 2009 12:11pm EDT
 
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HONG KONG--(Business Wire)--
Biopack Environmental Solutions Inc. (OTCBB: BPAC), a leading designer,
manufacturer, and supplier of 100% biodegradable packaging products, is pleased
to announce its entry into the United States packaging market. In addition to
selling its products in more than 14 countries, Biopack has begun to market and
sell its compostable packaging line in the United States through its newest
distribution partner, Biopack America. 

Industry expert PIRA (Packaging Industry Research Association) estimates that
the world market for consumer packaging grew 5% in 2008 and is now worth
approximately US$480 billion, of which the United States is the largest single
market. However, eco-friendly packaging represents only a small amount of total
sales. 

In the United States, consumer and legislative trends appear to be supporting a
switch to biodegradable packaging products; cities such as Seattle, and 30
municipalities in California (including San Francisco) have recently banned or
restricted the use of Expanded Polystyrene (EPS or more commonly known as
Styrofoam) in "to-go" containers. Biopack believes that this evolution towards
environmentally friendly products, coupled with widening political support for
the restriction of polluting products, makes the landscape for sales growth in
the US for sustainable, eco-friendly packaging ideal. 

According to the U.S Environmental Protection Agency, in 2008 Americans alone
threw away 25 billion Styrofoam cups (82 per person) and of the 3 million tons
of EPS produced in the U.S., 2.3 million tons ended up in landfills, with much
of the remainder finding its way into waterways. EPS does not biodegrade for
over 200 years. 

"We are excited to enter the United States market and continue our effort to
expand our international footprint in key markets where environmentally
responsible packaging is increasingly becoming a priority," commented Mr. Gerald
Lau, Biopack`s Chief Executive Officer. "We believe the United States represents
an enormous, untapped opportunity for Biopack, as virtually the entire market
segment continues to be dominated by environmentally polluting products such as
paper, plastic, and EPS. Our management team is confident that Biopack can
duplicate its European success in the US and other markets, as our product
quality, low environmental impact, and bio-degradability characteristics are
industry-leading." 

About Biopack: 

Biopack manufactures 100% biodegradable consumer packaging products from locally
available sugar cane waste called bagasse. Based in Hong Kong with manufacturing
facilities in Jiangmen, China, Biopack has earned the "premium brand" label in
the biodegradable packaging market in Europe. Distributed under the "Roots
Biopack" trademark, Biopack`s unique line of compostable packaging is currently
sold in 14 European countries. For investor inquiries and information about our
comprehensive line of biodegradable packaging solutions, please visit our
website http://www.biopackenvironmental.com

Safe Harbor 

All statements other than statements of historical fact that are included in
this press release and that mention activities, events or developments that we
believe may occur in the future are forward-looking statements. The use of words
such as "anticipate," "continue," "estimate," "expect," "may," "project,"
"should," "believe" and similar expressions are intended to identify
forward-looking statements. Forward-looking statements in this press release
include those regarding Biopack's belief that it can duplicate its European
success in the USA, that the USA represents and enormous and opportunity for it,
and that it believes that it can continue to expand its international footprint.
Forward-looking statements are subject to known and unknown risks, uncertainties
and other factors which may cause our actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by these forward-looking statements. Risks
that might cause actual results to differ from these projections include, but
are not limited to, those discussed in Biopack's most recent Annual Report on
Form 10-KSB and other documents filed by the Company from time to time with the
U.S. Securities and Exchange Commission. 







Biopack Environmental Solutions Inc.
Sean Webster, COO, 852-3586-1386
sean@biopackev.com

Copyright Business Wire 2009

 

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