Prime Star Group Announces SmartPax(TM) "Eco-Film" Packaging Fulfills New Federal, State and Local Mandates
10 November 2010 - 5:41PM
Marketwired
Prime Star Group, Inc. (PINKSHEETS: PSGI) is pleased to announce
that its SmartPax™ "Eco-Film" packaging fulfills new Federal, State
and Local mandates. The company's biodegradable proprietary polymer
packaging will be directly marketed and targeted to replace
existing resin bottle packaging with ecologically friendly
alternatives.
Roger Mohlman, Prime Star CEO, stated: "United States consumers
drink approximately 50 billion bottles of water a year; globally
200 billion bottles are consumed. It is widely known that existing
plastic resin bottles take up to 450 years to biodegrade. We are
extremely pleased with our recent certification received that our
proprietary packaging technology will now offer 100%
biodegradability; 100 % recyclability at any time. Governments at
all levels in the U.S. are increasing the mandate to utilize
environmentally friendly packaging. Recent legislature from New
York and California accelerates the growing global trend."
"We believe our pouch technology can offer an immediate
environmentally friendly alternative to plastic bottles being used
by the beverage industry today. We are currently in discussions
with major global beverage distribution channels at the retail and
wholesale levels; we are in discussions with military, hospital,
prison, and disaster relief agencies. Our unique pouch packaging
can accommodate all beverages from water, soda, juice and alcohol.
Water can be frozen and shipped as ice where needed. We are also
actively seeking partners in the rapidly growing billion dollar
global vending machine market. We believe we are the cost effective
solution for a green planet," concluded Mr. Mohlman.
(Statistical Source: Wikipedia
http://en.wikipedia.org/wiki/Bottled_water)
About Prime Star Group
Prime Star Group, Inc. is a holding company that focuses on four
areas of business: SmartPax™ Packaging, Premium Food & Beverage
Products, Distribution and Risk Management. The company's operating
subsidiaries produce, market, and distribute wines, tea, adult
mixed beverages, flavored water, and gourmet seafood products. The
company also produces co-brand and co-pack existing high-end
beverages and private label liquors for large hospitality and
entertainment brands. Prime Star is focused on the food and
beverage, entertainment, hospitality, healthcare and disaster
relief industries.
Forward Looking Statements -- Safe Harbor
This release contains statements that constitute 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. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Prime Star Group, Inc., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Prime Star Group, Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Prime Star Group, Inc.'s filings with the Securities
and Exchange Commission.
Public Relations Contact: Constellation Asset Management, LLC
(415)524-8500 or on the web at www.primestargroup.net
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