SCOTTSDALE, AZ--(Marketwire - March 29, 2011) - Casey Container Corp. (http://caseycontainer.com) (
Casey Container licenses EcoPure®, a revolutionary second-generation proprietary and organic additive, which, once added to a resin renders the plastic biodegradable. The Company's biodegradable preforms are made for PET, HDPE and other conventional polymers, thereby offering the same performance and cost effective advantages of conventional plastics.
The Company initially planned to order and install production equipment to produce approximately 100 million preforms at its first facility. The Company will now be able to produce 200 million preforms annually. The Company anticipates being in production in the second quarter of this year.
Casey Container previously announced it has received pre-orders for approximately 38 million preforms. Management continues to discuss and explore opportunities with direct potential customers and bottle blow molders and suppliers who have expressed intentions to place orders upon commencement of preform production. This resulted in the Company's decision to increase its order for manufacturing equipment for its initial preform facility.
Casey Container's launch into its own manufacturing facility is in response to an increasingly large and growing demand for a biodegradable plastic bottle and container solution. Industry estimates are over 200 billion single-use plastic bottles are consumed globally per year. Americans alone purchase approximately 34 billion plastic single-use bottled water bottles per year, of which approximately 75% end up in landfills and don't begin to degrade for several hundred years according to many scientists. Casey Container is confident a substantial number of these can be replaced with its true, effective biodegradable plastic solution.
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 bottle and container products that meet clients' demands, while addressing environmental issues concerning proliferation of plastic pollution. Casey Container seeks to capture an increasing market share in this extremely large and growing sector by offering 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.
Contact Information:
Contact:
Falcon Financial Partners
Toll-free 1.866.500.8985
email ir@caseycontainer.com