VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 9, 2016) – Solegear Bioplastic Technologies Inc. (the “Company” or “Solegear”) (TSX VENTURE:SGB) has received an initial purchase order from All Source Security Container Mfg Corp. (“All Source”) for Solegear’s good natured™ brand of plant-based office organization products.
All Source is North America’s leading manufacturer and distributor of commercial document security and destruction equipment and office accessories. The good natured™ products will be made available to All Source’s commercial customers across North America.
“Both Solegear and All Source are experiencing rapidly increasing demand from leading companies for products and services that can reduce carbon emissions and increase the use of renewable resources,” said Paul Antoniadis, CEO of Solegear. This agreement with All Source to offer good natured™ office organization products, along with their existing security and destruction products, provides Solegear with access into an established U.S. B2B customer base, particularly amongst Fortune 1000 brands. These companies are actively seeking ways to increase employee satisfaction, and employees are making it very clear that they expect healthier, safer workplaces that include comprehensive sustainability programs.”
“All Source is excited about the opportunity to partner with Solegear to promote and distribute their line of office products made from plant-based materials,” said Pete Pancel, CEO of All Source. “As a company, we pride ourselves on finding and delivering solutions for our customers through development of innovative and sustainable products. Working with Solegear, a company that has developed an innovative and renewable product line, aligns and complements our strategy. We look forward to growing our partnership, providing product solutions to our customers and improving sustainability in the work place.”
Powered by Solegear’s independently certified 85% plant-based bioplastic, good natured™ office organization products specifically target the $12+ billion North American home and business organization market primarily dominated by traditional, fossil fuel-based plastics, which according to California’s leading Proposition 65, often contain chemicals of concern that are potentially harmful to the environment and human health.
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 All Source Security Container Mfg. Corp.
All Source is North America’s largest manufacturer of document shredding bins, carts, consoles and associated office accessories for the document destruction industry. The company is continually committed to providing the highest quality products, leading turnaround times and superior customer service.
All Source’s team of experts and professionals have been key in delivering high quality products, service and advice to the shredding industry. With their market know-how, experience and commitment they have been able to offer promptness in solving client queries and delivering excellent products.
For more information: www.allsourcemfg.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.
Paul Antoniadis
Chief Executive Officer and Director
604-998-4058
www.solegear.ca
Investor Contact:
Caleb Jeffries
Kin Communications
1-866-684-6730
[email protected]
Media Contact:
Elisha McCallum
FleishmanHillard Vancouver
778-668-0185
[email protected]
