Cryopak Industries Inc.
TSX VENTURE : CYK

Cryopak Industries Inc.

February 06, 2006 09:00 ET

Cryopak Launches Frosty Bear™ Children's Gel Pak with First Sale to Wal-Mart USA

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 6, 2006) - Cryopak Industries Inc. (TSX VENTURE:CYK) today announced that it has launched the Frosty Bear™ multi-purpose children's gel pak at Wal-Mart.

The Frosty Bear™ comes in four different colors and has been designed for everyday use by children in their lunch kits, or for first aid applications such as scrapes and bruises, and general hot/cold therapy. The Frosty Bear™ is now available at Wal-Mart Stores Inc. across the United States as an everyday item. This is the second SKU that the Company is selling to Wal-Mart Stores Inc. in the United States. Last year, Cryopak introduced its Flexible Ice™ Blanket brand to Wal-Mart. This product is currently available in select stores across the United States.

"This is a huge win for us in our retail business. Our hope is that we can duplicate the success we have had in Canada with Wal-Mart in the USA. Introducing our Flexible Ice™ Blanket brand was the first step in the process. Launching the Frosty Bear™ product is the second step. We continue to see tremendous demand for our products from consumers in Canada and we believe that our brands are well recognized by the American consumer," stated Mr. Martin Carsky, President and CEO of Cryopak.

Cryopak has had a long-term relationship with Wal-Mart Canada Corp. as a supplier of reusable ice substitutes in the sporting goods and housewares departments, as well as supplying the Simply Cozy® brand in their pharmacies.

"Having our product available through the world's largest retail chain will create even greater brand awareness and ultimately drive sales. It makes perfect sense for our business," added Mr. Raj Gill, Cryopak's Vice President, Sales.

About Wal-Mart

Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM'S CLUB locations in the United States. Internationally, the Company operates in Argentina, Brazil, Canada, China, Germany, Japan, Mexico, Puerto Rico, South Korea and the United Kingdom. The Company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.

About Cryopak

With ISO 9001:2000 certified facilities in Vancouver and Montreal, we are a leading provider of temperature-controlling products and solutions serving global pharmaceutical companies, as well as fine North American retailers and consumer goods companies. In our pharmaceutical business we engineer solutions and supply products that help our customers safely transport their temperature sensitive vaccines. In our retail business, we develop, manufacture and sell reusable ice substitutes, flexible hot and cold compresses, reusable gel ice and instant hot and cold packs. These products are marketed under such popular brand names as Ice-Pak™, Flexible Ice™ Blanket, Simply Cozy®, and Flex Pak™. We also manufacture these same products under private label for many well-known consumer goods companies. Our shares are listed on the TSX Venture Exchange under the symbol CYK.


Contact Information

  • Cryopak Industries Inc.
    Martin Carsky
    President and CEO
    1-800-667-2532
    www.cryopak.com