SOURCE: Casey Container Corp.

June 09, 2010 10:30 ET

Casey Container in Final Stages of Its Acquisition of Mountain Green

SCOTTSDALE, AZ--(Marketwire - June 9, 2010) -  Casey Container Corp. (OTCBB: CSEY) today announced that it has completed the majority of the due diligence process in its proposed acquisition of Mountain Green of Arizona, LLC. As previously disclosed, Casey Container Corp. ("Casey") entered into a non-binding Memorandum of Understanding with Mountain Green of Arizona, LLC ("Mountain Green") on March 3, 2010, for the purchase of the assets and business of Mountain Green. Casey has begun preparation of the definitive purchase agreement. The parties are moving towards the purchase being consummated within sixty days, although there is no assurance it will be consummated. 

Casey is a Nevada corporation headquartered in Scottsdale, Arizona that is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms and containers for use in the bottled water, beverage and consumer products industries. Casey is committed to developing container products that meet clients' demands while addressing society's most fundamental environmental issues concerning proliferation of plastic pollution. Casey offers its biodegradable plastic packaging solutions using the breakthrough science and additive of the EcoPure® technology. 

Mountain Green is a Tempe, Arizona based manufacturer, marketer and distributor of a full line of premium, natural, plant-based, skin sensitive, sustainable packaged detergent and household cleaning products under the brand name "Mountain Green," which are sold nationwide and in some far eastern markets. Mountain Green also produces a variety of private label cleaning products for grocery chains nationwide. Mountain Green recently introduced its specifically formulated premium, natural, healthy alternative product line for the baby market. 

Casey Container Corp. is listed on the NASDAQ Electronic Bulletin Board under the trading symbol CSEY.

Website -- www.caseycontainer.com

Special Note Regarding Forward-Looking Statements

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties, such as our success in acquiring new concepts, funding these acquisitions, and successfully adapting and franchising these concepts, and could cause the company's actual results in the future materially to differ from the forward-looking statements. 

Contact Information

  • For further investment information:
    Terry Neild
    1-480-656-5376