PAKIT Inc.

PAKIT Inc.

August 31, 2010 10:00 ET

Pakit to Begin Strategic Growth in South America, CEO to Attend International Congress on Pulp and Paper in Brazil

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - Pakit Inc. (Pakit), a leading international developer of clean technology products for the packaging industry, is sending their CEO to attend the 43rd Pulp and Paper International Congress and Exhibition (ABTCP) in Brazil, October 4 to 6, 2010, where he is scheduled to meet with top executives of Brazil's Pulp and Paper industry.

"Brazil and South America represent a sizable and significant market for Pakit," said Mr. Brian Birmingham, Pakit Chairman, President and Chief Executive Officer. "The Brazilian forestry productivity is envied world-wide."

With the use of fast growing eucalyptus and pine, and leading edge technology, Brazil has become the fourth largest Pulp and Paper producer in the world, producing in excess of 13.5 million tons of pulp in 2009*. 

Pakit's revolutionary new technology process of producing sustainable packaging made of pulp provides Brazilian pulp producers with a new use for their growing capacity. Pakit's technology produces products which are more economical and offer superior performance to other contending packaging products.

"The pakit100™ patented technology uses on average two tons per day of pulp, generating a product that is recyclable, biodegradable and made from renewable resources," said Mr. Birmingham. "In Brazil alone, 500 pakit100™ machines could convert 350,000 tons of pulp into consumer-based, environmentally-sustainable products per year."

Mr. Birmingham believes that Pakit's technology will emerge as "the leading solution for pulp producers and converters" due to its superior performance in each of the following areas:

  • Energy Efficiency – Pakit's solution consumes approximately one third of the energy of conventional technology.
  • Reduced Water Consumption – Conventional moulded pulp technology wastes significant volumes of water, whereas Pakit's technology has relative minimal water usage due to its closed-loop system.
  • Diverse Feedstock – Locally-sourced agricultural waste can be used as well as virgin materials.

About Pakit

PAKIT is a leading developer of clean technology solutions for the packaging industry. Pakit's proprietary cellulose fiber moulding technology enables its customers to manufacture customized, scalable, environmentally sustainable packaging products with superior performance attributes and competitive per-unit costs compared to petrochemical-based non-renewable packaging, or conventional rotary or thermoformed moulded fiber products.

Pakit is selling pakit100™ machines and related tooling incorporating its proprietary technology to international packaging manufacturers, commonly referred to as "converters", which supply packaging to distributors and end-users. Products manufactured using Pakit's technology include: disposable trays, hamburger clam shells, plates, cups, lids, green bottling solutions for beverages, liquids and jewel cases for CDs and DVDs.

Additional information regarding Pakit is available at www.pakitinc.com.

*Source: BRACELPA

Forward-Looking Statements

Statements in this press release regarding Pakit Inc. that are not historical facts are "forward-looking statements" under applicable U.S. securities laws and "forward looking information" under applicable Canadian securities laws and are based on current expectations that involve risks and uncertainties. Such forward-looking statements may include, without limitation, statements concerning our growth and business strategies. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

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