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Biopack Signs Agreement to Further Expand R&D of Product Applications

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  Published in House and Home on Thursday, October 14th 2010 at 6:11 GMT by Market Wire
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HONG KONG--([ BUSINESS WIRE ])--Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce that it has signed an agreement with an expert international coatings and emulsions company (the aCompanya) to further expand its research and development initiatives and diversify its product applications.

"Further to the first sale of our coated fish trays, and the subsequent purchase and installation of the Bio-Coating machine in the Jiangmen factory"

Based in the U.S.A and with offices around the globe, the Company specializes in paper and film barrier functionality and helping companies to develop and innovate with new types of applications. They will specifically work with Biopack on applications for ready-made meals and baked goods.

aFurther to the first sale of our coated fish trays, and the subsequent purchase and installation of the Bio-Coating machine in the Jiangmen factorya says Gerald Lau, CEO of Biopack aWe continue to look for ways to expand into other markets and diversify our product offerings.a He continues aThe ready-made meal and baked goods market is huge, and presents a tremendous opportunity for us to expand our sales with a product that meets the functionality demands of that market. We hope that working with companies which are experts in their fields will allow us to develop and penetrate those markets faster and more effectively.a

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 apremium branda label in the biodegradable packaging market in Europe. Distributed under the aRoots Biopacka trademark, Biopacka™s unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. For investor inquiries and information about our comprehensive line of biodegradable packaging solutions, please visit our website at [ 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", acoulda and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include whether the ready-made meal and baked goods market is huge, and presents a tremendous opportunity for Biopack to expand their sales and that working with companies which are experts in their fields will allow Biopack to develop and penetrate those markets faster and more effectively. 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.