TORONTO, April 8, 2005 (PRIMEZONE) -- Produce Safety and Security International Inc., or the 'Company,' (Pink Sheets:PDSS) is pleased to announce the sale of Mr. H.P. Moore's Biodegradable Fruit Tray Machine and Inventory to the PDSS location in Arizona. Mr. Moore stated, "Clarence W. Karney and I have been in negotiations since February and have had a business relationship since 1999."
C. 'Bill' Karney, President and CEO of PDSS stated, "Mr. Moore is to be appointed to the PDSS Board of Directors and will act as the Special Advisor to the president of the Fruit Tray Division. Mr. Moore has been in the paper industry for over 50 years and I am proud to have him on board. This is a major addition to the PDSS Food Safety and Risk Reduction of Food-Borne Illness Program. Biodegradable Fruit Trays are to be another profit center for PDSS as a food safe product, which will generate initial revenues of over $50,000 per month to over $200,000 per month once in full operation."
Additionally C. 'Bill' Karney went on to say, "PDSS expects to be in full operation of the trays by late May to early June, in time for the supply needs of the Tomato Growers of Hot House and Vine Ripes of Mexico. This tray will be of great value for the Governmental Agencies Procurement and Food Service Operations. PDSS's biodegradable fruit trays will be manufactured for the client base area of Mexico, Arizona, California, Chile and Texas."
About Produce Safety and Security International, Inc. -- www.FoodSafeInt.com
Produce Safety and Security intends to eliminate food safety and sanitation issues and provide methods to improve procedures to minimize risk and liability. Produce Safety and Security's comprehensive program is a proactive approach to food safety. The Company intends to offer a variety of products and services that provide safer food and produce products, better quality, reduce shrinkage, and enhance shelf life.
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Statements contained in this release that are not strictly historical are "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. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.