Solegear Bioplastics Inc.
TSX VENTURE : SGB

Solegear Bioplastics Inc.

June 02, 2016 09:00 ET

Solegear Partners With Ingram Micro to Accelerate Good Natured™ Growth Plans

Partnership Provides Scalable Operational Capabilities to Quickly Activate Further Market Expansion

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 2, 2016) - Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) ("Solegear" or the "Company") today announced that it has partnered with Ingram Micro's Commerce & Fulfillment Division to support accelerated growth of the Company's good natured™ brand. Following recent launches of good natured™ at Mills Office Productivity, London Drugs and Best Buy Canada, this new partnership provides Solegear with the inventory and fulfillment capabilities, plus business development services to quickly meet growing demand for good natured™ sustainable office products across Canada.

For over 35 years, Ingram Micro has been a recognized leader providing inventory management, fulfillment and end-to-end commerce services, achieving a Fortune 62 ranking in 2015. Ingram Micro's commitment to investing in technology provides Solegear immediate access to scalability, operational efficiencies and direct exposure to Ingram's top-tier brands and retail customers across Canada and around the world.

"Solegear's strength is the development of global-leading bioplastic products and packaging," said Paul Antoniadis, CEO of Solegear. "Rather than invest significant capital to build only in-house manufacturing and fulfillment capabilities, strong partnerships are central to the Company's plans to remain nimble and quickly access emerging growth opportunities." Antoniadis further added, "This most recent partnership provides Solegear with world-class inventory, fulfillment and business development services to access Ingram's retailer base, the opportunity to immediately capture share in the multi-billion home and office organization market and a stable foundation for global growth and scale."

The good natured™ brand, colours and packaging are all designed to bring a lighthearted, modern spirit to environmentally friendly consumer products. good natured™ stackable legal trays, self-stacker desk trays, vertical file holders, paper clip dispensers and pencil holders are all made with industry-leading 85% plant-based bioplastic materials that have been independently certified by the USDA BioPreferred® program.

About Solegear Bioplastic Technologies Inc.

Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.

Solegear's proprietary bioplastic formulations, Polysole® and Traverse®, are designed to meet today's social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.

For more information: www.solegear.ca and www.mygoodnatured.com.

About Ingram Micro Commerce & Fulfillment Solutions

Ingram Micro Commerce & Fulfillment Solutions provides infrastructure and technology to support brands' and retailers' global growth. Powered by our award-winning Shipwire service delivery platform and the scale of Ingram Micro's 154 distribution centers in 45 countries, we provide order fulfillment and commerce solutions with access to the unique growth opportunities of the world's largest tech distributor with over 200,000 resellers.

The largest brands and retailers in the world trust Ingram Micro Commerce & Fulfillment to deliver exceptional buyer experiences on every order, every day, everywhere. Find out more at: www.ingrammicrocommerce.com.

On behalf of the Company:

Paul Antoniadis

Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Cautionary Statement Regarding Forward-Looking Information

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, among others, the risk that: (i) future orders may not be placed by the customer; and (ii) that sales projections may not be within the current range forecasted.

When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

Other than as required under securities laws, we do not undertake to update this information at any particular time.

Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Contact Information

  • Solegear Bioplastic Technologies Inc.
    Paul Antoniadis
    Chief Executive Officer and Director
    Contact: 604-998-4058

    Investor Contact:
    Caleb Jeffries
    Kin Communications
    1-866-684-6730
    SGB@kincommunications.com

    Media Contact:
    Elisha McCallum
    FleishmanHillard Vancouver
    778-668-0185
    Elisha.McCallum@fleishman.ca