SOURCE: Axiom Corp.

March 11, 2015 06:30 ET

Axiom Corp. and PaperNuts Corporation CEO Discusses NYC Ban on Polystyrene Foam

ST. CATHARINES, ON--(Marketwired - Mar 11, 2015) - Axiom Corp. (OTC PINK: AXMM) ("Axiom" or the "Company") is pleased to provide these comments from Company CEO, Tyler Pearson, regarding recent government legislation passed in New York City banning Expanded Polystyrene (EPS) foam. As of July 1, 2015, food service establishments, stores, and manufacturers may not possess, sell, or offer for use single service Expanded Polystyrene (EPS) foam articles or polystyrene loose fill packaging, such as "packing peanuts" in New York City.

Tyler Pearson, PaperNuts CEO, commented, "New York is the largest city in North America to ban single-use polystyrene foam, including the foam packing peanut. There are now more than 100 jurisdictions across the U.S. with anti-polystyrene laws in place and many more are expected to enact legislation within the next few years. This will be one of the driving forces behind our expansion strategy as we continue to build acceptance of PaperNuts as an environmentally friendly, cost-effective, and legal alternative to the foam packing peanut which has become a global source of litter and water pollution."

After announcing the single-use polystyrene foam ban, New York City's Mayor Bill de Blasio was quoted as saying, "These products cause real environmental harm and have no place in New York City. We have better options, better alternatives, and if more cities across the country follow our lead and institute similar bans, those alternatives will soon become more plentiful and will cost less. By removing nearly 30,000 tons of expanded polystyrene waste from our landfills, streets and waterways, today's announcement is a major step towards our goal of a greener, greater New York City."

Pearson concluded, "The old days of the foam packing peanut are clearly over and the movement towards sustainable and environmentally friendly packaging options is gaining momentum on all fronts. PaperNuts provides a definite solution to a major part of the polystyrene foam problem and is well-positioned to take advantage of this fundamental shift in the multi-billion dollar packaging sector."

About Axiom Corp.

Axiom Corp., operating through its majority owned subsidiary, PaperNuts Corporation, is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corporation owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that are often very harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products. 

PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates. The "PaperNuts Converter" machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.

For additional information regarding Axiom Corp. and PaperNuts Corporation, visit www.axiompaper.com.

Disclaimer/Safe Harbor:

This Axiom Corp. / PaperNuts Corporation news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

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