ShotPak™, the Shot without the Glass
IRVINE, Calif. (PRWEB) May 16, 2008
R. Charles Murray, Chairman and CEO of Beverage Pouch Group, owners of "ShotPak™, the Shot without the Glass" brand, was in high spirits as he announced first quarter results.
He commented, "Wall Street normally rewards companies when their Management exceeds their promises and I am happy to announce my team has exceeded all our first quarter objectives.
We promised when we took the brand over on 1/1/2008 to:
clean up the 2004, 2005, 2006 financials / done remove the Caveat Emptor designation in the first 30 days / completed be on time with all Pink Sheet filings / done increase the number of states we operate in to 10 / done ensure 1,000 stores carry ShotPak™ brands / done open the export market / done The official figures show that sales grew a phenomenal 1,345% from 53 cases sold in first quarter 2007 to 2539 cases in first quarter 2008."
Bill Marin, President of ShotPak, Inc. (NV), reported, "The technology deal and our investment in the Beverage Pouch Group means a 15% ownership in the growth of the products. This will provide a long term ultimate growth investment return, because of the ownership. Also note that the convertible debentures were amended and now are being paid through the quarterly royalty. ShotPak, Inc. (NV) is looking forward to increased royalty payments to be available to pay down debt in the future."
In response Mr. Murray said, "PPi Technologies Global, the owner of Beverage Pouch Group, has so much faith in the success of the ShotPak brand that it has advanced $232,214 to ShotPak, Inc. (NV) to ensure the recent success continues into the second quarter and the rest of the year."
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 the historical information contained herein, the matters set forth in this press release, including the description of the Company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the Company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.