NEW YORK, Oct. 6, 2008 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB:PGOG) (www.perfgogreen.com), a marketer and distributor of biodegradable plastics, announced today that its 13-gallon kitchen trash bags and 30-gallon lawn and leaf bags will be available for purchase in all Sprouts Farmers Market stores in mid-October.
"Our new distribution partnership with one of the nation's largest natural foods retailers underscores the contribution Perf Go Green products make to a healthier environment," said Chairman and CEO Tony Tracy. "By using our biodegradable plastic bags, every household can help remove plastic waste from the environment and make our planet a better place.
"The 'go green movement' -- estimated to become a $500 billion market in the U.S. in 2009 -- is gaining strength every day. No partnership better exemplifies the many advantages of Perf Go Green's products than our relationship with Sprouts Farmers Market, which is dedicated to helping people achieve a healthy lifestyle and protecting our planet. The strength, durability and patented dispensing system of Perf Go Green's eco-friendly, biodegradable plastic bags are added pluses for our users."
One of the nation's fastest growing retailers, Sprouts Farmers Market (www.sprouts.com) currently operates 28 natural food stores in the western U.S. and is opening an additional three stores in October. The company opens approximately 15 new stores per year. Sprouts specializes in farm fresh produce, purchased from local growers when possible, and also offers a large selection of vitamins and supplements, all natural meats, fresh sea food, an extensive selection of natural and organic grocery items and more.
Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its biodegradable plastic products received an honor for their design quality and innovation. Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the biodegradable film for its bags. Perf Go Green is proud to be part of the nation's "go green" movement, which is poised to become a $500 billion market by 2009, according to Landor Associates.
Perf Go Green will hold a "meet the management" and corporate update conference call on Tuesday, October 7 at 11:00 AM EDT. The call will be webcast with an accompanying slide presentation, which can be accessed via a link on the Investors section of the Perf Go Green website. To participate in the conference call, dial (706) 679-2538. To access the audio and visual webcast, go to http://www.perfgogreen.com/investors.php.
A replay of the Perf Go Green conference call will be available from 2:00 PM EDT on October 7 until 11:59 PM EDT on October 21. To listen to the replay, please dial (706) 645-9291, conference ID #66901108. In addition, a replay of the webcast will be available shortly after the call at http://www.perfgogreen.com/investors.php.
Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade within two years, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green kitchen trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time, similar to a tissue box.
About Perf Go Green
Perf Go Green Holdings, Inc. (OTCBB:PGOG), www.perfgogreen.com, is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green's corporate name reflects its "Go Green" mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
The Perf Go Green logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5503
The GoGreen Tall Kitchen Bags logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5504
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.