IRVINE, Calif. (PRWEB) August 15, 2008
R. Charles Murray, CEO of Beverage Pouch Group explained, "In the first six months of 2008, our ShotPak™ brand has out sold the total cases sold in all of 2006 and 2007 combined. Although this has been a long and laborious journey since BPG became involved with turning around the Company, I believe the ShotPak, Inc NV shareholders will continue to see positive results for their Company This is also a good sign for the 15% investment held by ShotPak, Inc NV in BPG. Looking forward, another positive of our plans is that the ShotPak brand will expand into Nevada in the third quarter."
As previously reported, details of the technology deal will generate two revenue streams; one is a royalty for the number of cases sold relating to ShotPak™ brand products and the other is as a partner in the Beverage Pouch Group, LLC. Under the terms of the deal, 15% of the profits from all the beverage companies in the BPG Company automatically flow through to ShotPak, Inc. NV profit and loss account. Therefore while the second quarter figures reflect only the case royalty, the year end will include the 15% profit figures. As Beverage Pouch Group grows, this profit figure will also grow.
In addition to the increase in total case sales, ShotPak, Inc. is now licensed in ten (10) states with applications in fifteen (15) others to sell the ShotPak™ brand of products. This brings the total stores in the US currently carrying the product to 530.
Also in the first six months of 2008, the Company has doubled the product exports to the UK. Financial details on ShotPak, Inc. as mentioned in this release can be found in the Company's recent SEC filing at http://finance.yahoo.com/q?s=shtp.pk
Information on ShotPak, Inc.:
ShotPak, Inc., an Irvine California based company, since 2003, is a leading innovator of cocktails and straight spirits in Beverage Pouch Group's patented soft portable single serving standup pouches. With over 50 years of combined experience and expertise in alcohol distilling, distribution and field marketing, retail placement and promotion as well as consumer trial and adoption, ShotPak, Inc. and Beverage Pouch Group prove to be a forerunner in the single serve Ready to Drink (RTD) alcohol category. With the successful launch of four premium vodka flavored drinks and four premium distilled spirits in January 2007, ShotPak has instantaneously captured national attention in the rapidly emerging $110 billion plus alcohol beverage industry, with distilled spirits showing an 8.1% increase. ShotPak, Inc. and Beverage Pouch Group are recognized for being visionaries with their award-winning spirits and revolutionary packaging which gives consumers a cost effective way to purchase spirits without the bulky bottle. For more information about ShotPak, Inc. please visit us at: http://www.shotpakinc.com.
Information on Beverage Pouch Group:
Beverage Pouch Group a Sarasota, Florida based company, since 1996, is the leading provider of StandUp pouch machinery through its parent Company PPi Technologies Global, in North America. BPG is a prolific innovator of pouch designs and structures for life style beverages, including Natural Flavor Waters, all types of cocktails and straight spirits, wines and draft beers in patented soft portable single serve and sustainable StandUp pouches. The Beverage Pouch Group is truly global with plants in Germany, Korea and China. BPG's pouch machinery is the industry standard.
Beverage Pouch Group offers a full range of Lifestyle Beverages to the consumer in sustainable StandUp pouches. The Beverage Pouch Group machines and StandUp pouches are marketed through four divisions: ShotPaQ™ for liquors; BevPaQ™ for natural flavor waters, teas, coffees and energy drinks; VinoPaQ™ for wines; and BeerPaQ™ for draft beers.
BevShot™ is BPG's contract packing division. A customer brings their proprietary recipe and BPG's BevShot™ division then utilizes their machinery and process' to fill that product into patented pouches. This arrangement saves a small company precious capital at times when resources are needed to grow their business by allowing them to meet the financial requirements to begin production without the cost of purchasing their own equipment.
Safe Harbor: Except for statements of historical fact, the matters discussed in this fact sheet are forward looking. These statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These statements include risks and uncertainties that include the Company's ability to attract and retain distributors; changes in demand for the Company's products; changes in the level of operating expenses; changes in general economic conditions that impact consumer behavior and spending; product supply; the availability, amount, and cost of capital for the Company; and the Company's use of such capital and any additional risks factors as discussed in the reports filed by ShotPak, Inc. (NV).