Prime Star Group Announces That Its Subsidiary IntelA-Pac Has Entered an Agreement to Manufacture Biodegradable Plastic Shopping
09 Dicembre 2010 - 6:23PM
Marketwired
Prime Star Group, Inc. (PINKSHEETS: PSGI) is pleased to announce
that its IPAC "Eco-Film" division has entered into the
multi-billion dollar packaging industry and agreed to begin
manufacturing of biodegradable plastic shopping bags, known as
BIO-BAGS™.
Roger Mohlman, Prime Star CEO stated: "Biodegradable plastic
bags are a great alternative to the 360 plus Billion regular
plastic bags used ever year. Our BIO-BAGS™ will not harm the
environment during their 2 year life-cycle as they are made from
our new ECO-FILM. Their main advantage -- apart from not harming
the Earth in their manufacturing, use, and landfill disposal -- is
that they allow consumers to carry on with their regular shopping
habits. Biodegradable plastic bags do not harm wildlife nor
marine-wildlife, since they biodegrade in water and if swallowed by
animals, are digested quickly as they disintegrate. Made of 100%
natural materials, they leave no residue behind, compost quickly
with other organic trash, such as leaves, foods, etc."
The bags meet the California Law regarding biodegradable and
compostable product claims, Minnesota Standard on Compostable Bags
and The City of Houston, Texas ordinances on biodegradable bags.
There are no chemical additives to enhance decomposition, they
biodegrade naturally, and they will also biodegrade in both fresh
and salt water.
"We are extremely pleased with our recent certification that our
proprietary liquid beverage packaging technology now offers 100%
biodegradability; 100 % recyclability at any time. Although there
is no assurance we will be commercially successful, we are
currently in discussions with several major global distribution
channels at the both the retail and wholesale levels; and will
update the investment community as things progress," concluded Mr.
Mohlman.
About Prime Star Group
Prime Star Group, Inc. is a holding company that focuses on four
areas of business: SmartPax™ Packaging, Premium Food & Beverage
Products, Distribution and Risk Management. The company's operating
subsidiaries produce, market, and distribute wines, tea, adult
mixed beverages, flavored water, and gourmet seafood products. The
company also produces co-brand and co-pack existing high-end
beverages and private label liquors for large hospitality and
entertainment brands. Prime Star is focused on the food and
beverage, entertainment, hospitality, healthcare and disaster
relief industries.
Forward Looking Statements - Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Prime Star Group, Inc., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Prime Star Group, Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Prime Star Group, Inc.'s filings with the Securities
and Exchange Commission.
Public Relations Contact: Constellation Asset Management, LLC
(415)524-8500 www.primestargroup.net
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