Packaging
Biopack to Supply CARTSERVICE of Spain
Tuesday 29. January 2008 - Biopack Environmental Solutions Inc. (OTCBB: BPEV) is pleased to announce that it has been engaged to supply CARTSERVICE with its unique, 100% biodegradable product. CARTSERVICE is a Spanish company that distributes packaging in the fast food, supermarket packaging, baking and agricultural sectors in Spain.
“We at Biopack are extremely pleased to expand our client base into Spain. We believe that this market has and should continue to show strong demand for our biodegradable packaging. After recent successes in Belgium, the Netherlands and the United Kingdom, we are excited at the opportunity to add Spain to the list of European countries to be introduced to our products,” says Gerald Lau, C.E.O. of Biopack.
The first phase of production for CARTSERVICE is scheduled to begin immediately at Biopack’s newly opened Biopark production facility. This phase consists of production to meet an initial order for 800,000 units. Based on discussions with CARTSERVICE, Biopack anticipates it will receive additional orders for ongoing production of approximately 500,000 units per month during the first few months and increasing, as production capacity at the Biopark facility increases, to as many as one million pieces per month, or over 12 million pieces per year for the Spanish market. European distribution of Biopack products will be managed by Roots Biopack Europe, Biopack’s sole European distributor.