SCOTTSDALE, AZ--(Marketwire - February 23, 2011) - Casey Container Corp. (
Under the terms of the LOI, Casey Container Corp. will provide the management and expertise to engineer, build, develop and manage a group of preform and bottling manufacturing facilities at various locations worldwide. The new facilities will use Casey Container's biodegradable additive EcoPure® in the manufacturing of its preforms and bottles.
Casey Container holds a license to EcoPure®, a revolutionary second-generation proprietary and organic additive, which -- once added to a resin used to produce plastic bottle preforms -- renders the plastic biodegradable. The Company's biodegradable preforms are made of PET, HDPE and other conventional polymers, thus offering the same performance and cost effective advantages of conventional plastics. By introducing EcoPure® into the manufacturing process, Casey expects to produce truly biodegradable products that become harmless bio-gases and bio-mass over time in anaerobic environments, such as landfills.
The LOI is subject to standard due diligence by both parties and the expected signing of a Definitive Agreement by March 31, 2011, unless extended by mutual consent. There can be no guarantee or assurance that a Definitive Agreement will be agreed to and signed by the parties.
Management views this LOI as a major step forward for Casey Container Corp. that will enable the Company to immediately become an international brand in the biodegradable plastics field.
About Casey Container Corp.
Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing container products that meet clients' demands while addressing environmental issues concerning proliferation of plastic pollution. The Company offers its biodegradable plastic packaging solutions using the breakthrough science of the EcoPure® additive and technology.
For more information on Casey Container, see www.caseycontainer.com. You can also follow the Company on Twitter @casey_container or become a fan on Facebook at Casey Container Corp.
Safe Harbor for Forward Looking Statements: Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.