SOURCE: Casey Container Corp.

Casey Container Corp.

May 03, 2011 07:00 ET

Casey Container Sees Increases in Demand for Biodegradable Plastic Preforms/Bottles and Extends Its Letter of Intent With CEG Fund

SCOTTSDALE, AZ--(Marketwire - May 3, 2011) - Casey Container Corp. ( (OTCQB: CSEY) (OTCBB: CSEY), a custom manufacturer of biodegradable PET plastic preforms, has experienced a dramatic increase in inquiries and requests for its biodegradable preforms resulting from its marketing efforts in support of product awareness.

Terry Neild, Chairman of Casey Container, says the Company has received a record number of requests from companies, distributors and agents from around the world seeking its products.

"We hired an inbound inquiry service to handle our toll-free product inquiry number (1-800-234-3919) for potential customers. We have received calls for different bottle products from North America, Ireland, China, South America, the Caribbean and other countries. These companies would like to buy our products for inclusion in their production stream the moment they are available. This demand shows how great the need for a biodegradable plastic preform/bottle solution really is," Neild says.

Casey Container licenses EcoPure®, a revolutionary second-generation proprietary and organic additive, which once added to a resin renders the plastic biodegradable. The Company's biodegradable preforms are made for PET and PE polymers, which offer the same performance advantages as conventional plastics.

The Company's efforts are in response to an increasingly large and growing demand for biodegradable plastic bottle and container solutions. Industry estimates indicate over 200 billion single-use plastic water bottles are consumed globally per year. Americans alone purchase approximately 34 billion plastic single-use water bottles per year, of which approximately 75% end up in landfills and don't begin to degrade for several hundred years or longer, according to many scientists. The Company is confident a large number of these can be replaced with Casey Container's biodegradable plastic solution.

Casey Container also reached a mutually agreed extension to its announced Letter of Intent with CEG Fund for Casey Container to act as Managing Partner for up to $65 million for several international factories under a multi-year contract. The original terms required the signing of a Definitive Agreement by March 31, 2011. The terms of the agreement were extended to June 30, 2011 in order to allow sufficient time to complete due diligence and contracts. As previously disclosed, there can be no guarantee or assurance the Definitive Agreement will be signed, nor that the amount will not be reduced.

About Casey Container Corp.

Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing bottle and container products that meet clients' demands, while addressing environmental issues concerning proliferation of plastic pollution. Casey Container seeks to capture an increasing market share in this extremely large and growing sector by offering biodegradable plastic packaging solutions using the breakthrough science of the EcoPure® additive and technology.

For more information on Casey Container, see You can also follow the Company on Twitter @casey_container or become a fan on Facebook at Casey-Container-Corp

Safe Harbor for Forward Looking Statements: Exceptfor historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.

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