SOURCE: Biopack Environmental Solutions Inc.

June 05, 2007 16:23 ET

Biopack Announces 6 Million Unit Annual Order

HONG KONG--(Marketwire - June 5, 2007) - Biopack Environmental Solutions Inc. (OTCBB: BPEV) is pleased to announce that it has signed a letter of intent with Jiaming Electronic Factory Company Limited ("Jiaming"). Under terms of the letter, Biopack will supply 100% biodegradable packaging for Jiaming's production of mobile phones, batteries and mobile phone accessories. Based on Jiaming's current production estimates, it is expected that Biopack will supply up to 6 million units of packaging annually.

Jiaming is a Chinese based manufacturer of mobile phones and mobile phone accessories. The Company's products are sold throughout Europe, Asia and North America. Due to Directive 2004/12/EC of the European Parliament and of the Council amending Directive 94/62/EC which is aimed at reducing the impact of packaging and packaging waste on the environment, Jiaming has decided to switch their existing plastic and styrofoam packaging to Biopack's unique 100% biodegradable product.

"This agreement will allow us to continue to establish ourselves as industry leaders in the environmentally friendly packaging market. Furthermore, the agreement will assist us in meeting our aggressive sales growth forecasts this year," said Gerald Lau, C.E.O. of Biopack.

About Biopack

Biopack is a pioneer in the manufacturing of 100% biodegradable consumer products. Biopack is the industry leader in the green revolution. The Company manufactures 100% biodegradable products from locally available waste products. For more information please visit our web site at www.biopackenvironmental.com.

SAFE HARBOR

Forward-looking statements: This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Annual Report on Form 10-K and other documents filed by the Company with the U.S. Securities and Exchange Commission.

Contact Information

  • Contact:

    Gerald Lau
    CEO
    Email - Email Contact
    1-888-430-2467

    Biopack Environmental Solutions Inc.
    18/F Metroplaza Tower II, 223 Hing Fong Road
    Kwai Chung, New Territories Hong Kong