SOURCE: Biopack Environmental Solutions Inc.

January 25, 2008 14:00 ET

Biopack to Supply CARTSERVICE of Spain

HONG KONG--(Marketwire - January 25, 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.

About Biopack

Biopack manufactures 100% biodegradable consumer products from locally available agricultural waste by-product. For more information please visit our web site at www.biopackenvironmental.com

SAFE HARBOUR

Forward-looking statements: 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 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. Forward-looking statements in this press release include statements about the Company's anticipation that it will receive ongoing production orders after it fills the initial order, that these ongoing production orders will be for approximately 500,000 units and that these ongoing orders could increase, as production capacity at Biopark increases, to as many as one million pieces per month. Risks that might cause actual results to differ from these projections include, but are not limited to, those discussed in the Company's most recent Annual Report on Form 10-KSB and other documents filed by the Company with the U.S. Securities and Exchange Commission. Contact:

Contact Information

  • Contact:
    Hilary Chu
    Sales Director
    Email - Email Contact
    1-888-430-2467