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Biopack Enters South African Market - Continues Global Expansion into 15th Country

^{Published on 2010-01-04 18:00:14 - Market Wire}
 

HONG KONG--([ BUSINESS WIRE ])--Biopack Environmental Solutions Inc. (OTCBB: BPAC), a leading designer, manufacturer, and supplier of 100% biodegradable packaging products, is pleased to announce the completion of its first order to the South African market. This initial order focuses on Biopack's green colored fruit trays.

"As we are witnessing with many countries around the globe, not only are consumers and corporations demanding socially responsible packaging, governments are pushing industries in that direction with both legislation and financial incentives."

In late 2008, after three years of drafting, the South African government introduced the National Environmental Management Waste Bill. In this bill South Africa set a national target to reduce the amount of ‘Big 5' waste products (plastics, cans, paper, glass and tires) going to landfills by 70% by 2022, and to have plans in place to minimize and treat the remaining 30%. Along with this goal, the National Waste Management Bill will ensure that waste management is approached in an integrated way – from the point of generation to final disposal. Portions of the bill specifically deal with packaging and retailers and states that integrated waste management dictates waste generation must be examined at all phases of the product's life cycle, including packaging.

"South Africa is an emerging market for sustainable packaging and one we have targeted for quite some time. South African consumers are continually demanding and expecting stronger sustainable packaging options. Biopack sees this initial order as a first step in an expansion strategy focusing on the fruit growers and processors of this growing economy," stated Gerald Lau, CEO of Biopack. He adds "As we are witnessing with many countries around the globe, not only are consumers and corporations demanding socially responsible packaging, governments are pushing industries in that direction with both legislation and financial incentives."

About Biopack:

Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack has earned the "premium brand" label in the biodegradable packaging market in Europe. Distributed under the "Roots Biopack" trademark, Biopack's unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. For investor inquiries and information about our comprehensive line of biodegradable packaging solutions, please visit our website at [ http://www.biopackenvironmental.com ]

Safe Harbor

All statements other than statements of historical fact that are included in this press release and that mention activities, events or developments that we believe may occur in the future are forward-looking statements. The use of words such as "anticipate," "continue," "estimate," "expect," "may," "project," "should," "believe" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include those regarding Biopack's belief that South Africa is an emerging market for sustainable packaging; that South African consumers are continually demanding and expecting stronger sustainable packaging options and that not only are consumers and corporations demanding socially responsible packaging, governments are pushing industries in that direction with both legislation and financial incentives. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Risks that might cause actual results to differ from these projections include, but are not limited to, those discussed in Biopack's most recent Annual Report on Form 10-KSB and other documents filed by the Company from time to time with the U.S. Securities and Exchange Commission.