SOURCE: Prime Star Group Inc.

November 10, 2010 11:42 ET

Prime Star Group Announces SmartPax™ "Eco-Film" Packaging Fulfills New Federal, State and Local Mandates

Breakthrough Biodegradable Packaging to Target Resin Bottle Industry With Eco Friendly Alternative

LAS VEGAS, NV--(Marketwire - November 10, 2010) - Prime Star Group, Inc. (PINKSHEETS: PSGI) is pleased to announce that its SmartPax™ "Eco-Film" packaging fulfills new Federal, State and Local mandates. The company's biodegradable proprietary polymer packaging will be directly marketed and targeted to replace existing resin bottle packaging with ecologically friendly alternatives. 

Roger Mohlman, Prime Star CEO, stated: "United States consumers drink approximately 50 billion bottles of water a year; globally 200 billion bottles are consumed. It is widely known that existing plastic resin bottles take up to 450 years to biodegrade. We are extremely pleased with our recent certification received that our proprietary packaging technology will now offer 100% biodegradability; 100 % recyclability at any time. Governments at all levels in the U.S. are increasing the mandate to utilize environmentally friendly packaging. Recent legislature from New York and California accelerates the growing global trend."

"We believe our pouch technology can offer an immediate environmentally friendly alternative to plastic bottles being used by the beverage industry today. We are currently in discussions with major global beverage distribution channels at the retail and wholesale levels; we are in discussions with military, hospital, prison, and disaster relief agencies. Our unique pouch packaging can accommodate all beverages from water, soda, juice and alcohol. Water can be frozen and shipped as ice where needed. We are also actively seeking partners in the rapidly growing billion dollar global vending machine market. We believe we are the cost effective solution for a green planet," concluded Mr. Mohlman.

(Statistical Source: Wikipedia http://en.wikipedia.org/wiki/Bottled_water)

About Prime Star Group

Prime Star Group, Inc. is a holding company that focuses on four areas of business: SmartPax™ Packaging, Premium Food & Beverage Products, Distribution and Risk Management. The company's operating subsidiaries produce, market, and distribute wines, tea, adult mixed beverages, flavored water, and gourmet seafood products. The company also produces co-brand and co-pack existing high-end beverages and private label liquors for large hospitality and entertainment brands. Prime Star is focused on the food and beverage, entertainment, hospitality, healthcare and disaster relief industries.

Forward Looking Statements -- Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Prime Star Group, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Prime Star Group, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Prime Star Group, Inc.'s filings with the Securities and Exchange Commission.

Contact Information

  • Public Relations Contact:
    Constellation Asset Management, LLC
    (415)524-8500
    or on the web at www.primestargroup.net