SOURCE: Biopack Environmental Solutions Inc.

May 03, 2007 16:05 ET

Biopack Secures New Flagship Development in China

HONG KONG -- (MARKET WIRE) -- May 3, 2007 -- Biopack (OTCBB: BPEV) is a US-listed company with a Hong Kong-based Head Corporation office. We have initiated our momentum to be a premier leader in the green replacement industry by having our flagship plant in the Southern part of China.

The group has recently acquired 6.6 acres of land in Ziang Mun City, in Southern China to set up an innovative eco-industrial project known simply as "Biopark." Biopark will consist of 4 modern factory blocks, equipped with bespoke-designed automated production lines for Phase 1 and situated within the complex is a moderately equipped staff-dormitories to cater to the well being of the factory workers. Expected to be in operations by 3rd quarter of 2007, Biopark will be a unique green showcase of our efforts in manufacturing of biodegradable products for our international clients.

Once fully operational, Phase 1 will produce in excess of 450 million pieces annually.

"Biopack is proud to initiate such an innovative project, the first of its kind, in the region to enhance its production capacity," said Mr. Gerald Lau, C.E.O. of Biopack.

About Biopack

Biopack has been engaged in the green environmental replacement industry since 1995 and providing pioneering total solutions to all our clients. Being the industry leader in the green revolution, we manufacture and sell proprietary 100% biodegradable packaging consumer products for both food industry and industrial disposable packaging. In addition to certain environmental characteristics, our products have high competitive advantages to be cost and performance competitive. Biopack is establishing its first production factory in China to produce environmentally friendly alternative packaging utilizing locally available natural fibres. 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
    Tel: (852) 3586.1383
    Website - www.biopackenvironmental.com

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