PAKIT Inc.

PAKIT Inc.

May 19, 2010 18:07 ET

PAKIT Inc. Completes Historic First Sale of Industry-Changing Sustainable Packaging Machines

Clean, Disruptive Technology Company Set to Dominate Worldwide Move to Alternative Packaging

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - PAKIT Inc., a leading clean technology company that has developed a patented, industry-changing disruptive technology, today announced that its first two packaging machines sold to Spain's Grupo San Cayetano have passed the Factory Acceptance Test. Cayetano, a world leader in packaging engineering and design, has embraced this Canadian/Swedish technology as a sustainable alternative to plastics and other unsustainable packaging.

"We are thrilled to be making delivery on these machines," says Brian Birmingham, President and Chief Executive Officer of PAKIT. "Cayetano's commitment to our clean technology is a testament to our belief that moulded board will be part of the future of packaging."

PAKIT's moulded board products are biodegradable, compostable, and recyclable. They are also thinner and offer a superior, smooth exterior surface, significantly improving logo and advertising print quality compared to other sustainable competitors. The technology makes it possible to form products with complicated shapes, from compartmental plates, clamshells and trays for the food industry to protective packaging for the electronics and pharmaceutical industries, with little or no risk of cracking or deformation. The natural advantage of fibre, with its highly dense fibre network, results in a product that is smooth, rigid, and resistant to moisture and grease. Products can be manufactured using a wide variety of virgin and recycled natural fibres and can go from freezer to microwave to oven with minimal loss of integrity.

Given the success of product trials with Cayetano, companies in North America, Asia and Europe are now exploring new ways of packaging through PAKIT.

"We are honoured to have had the support of our shareholders and stakeholders as PAKIT has grown through the trials of developing and introducing a world-class, industry-changing technology to the market," says Birmingham. "Without that support, this company would not be where it is today, leading the world in sustainable packaging."

About PAKIT Inc.

PAKIT Inc. develops disruptive technology that enables the production of renewable, compostable and recyclable packaging for consumer products on equipment that operates sustainably, using minimal water, locally available, renewable feedstocks, and non-fossil fuel based energy, while producing no emissions or effluents. PAKIT is headquartered in Vancouver, Canada, with research and development conducted in Norrkoping, Sweden. Additional information regarding PAKIT is available at www.pakitinc.com.

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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