Looking ahead, the Company anticipates that it will submit the required information to Pink Sheets to remove the Skull & Crossbones categorization in January. The Company also hopes to move to the OTCBB by the third or fourth quarter of '08. Next is to fix the debt and ensure that the distribution goes national. We will have warehouses in California, Michigan and Florida.
IRVINE, Calif. (PRWEB) December 24, 2007
R. Charles Murray, CEO of BPG commented, "The vote of confidence from the shareholders has allowed us to move very quickly into the Company and tackle key elements allowing us to keep the momentum going."
The production unit will start a second shift to meet rising demand. A second high speed machine is under construction for the summer market holiday period and this new capacity will also open the doors for further expansion into some of the big national chains.
At the same time the Company is going to continue expanding the export markets to UK, Central America, Australia, India, China and Korea and potentially Italy and Turkey. These markets want US products and the ShotPak StandUp patented pouch allows controlled drinking. In addition, the heat seal feature of the patented pouch design gives added security that the product is not counterfeit.
Mr. Murray continues the Company outlook by saying, "Looking ahead, the Company anticipates that it will submit the required information to Pink Sheets to remove the Skull & Crossbones categorization in January. The Company also hopes to move to the OTCBB by the third or fourth quarter of '08. Next is to fix the debt and ensure that the distribution goes national. We will have warehouses in California, Michigan and Florida."
To facilitate these changes, the Company has taken a different turn with a new Board of Directors. Joining the Company is Bill Marin as President, Gerry Patterson as secretary, Erik Willens as Corporate Counsel and The Haynie Co. will be providing the CPA and Financial staffing support to the Company. ShotPak will also have a Management Committee consisting of the Board, key distributors and shareholders.
Bill Marin, the new President of ShotPak Inc., commented, "With this technology deal, we should explain that the runaway debt load accumulated during the early years, was a heavy burden and was preventing any growth in the Company. The BPG Technology agreement provides us with 15% of Beverage Pouch Group, an annual dividend as well as a royalty on each case sold. This helps us pay off the existing debt so we can now concentrate on research and development of new products. With the original founder having retired from the business, the new management structure from BPG will allow us to easily meet the demands of the global market place."
Information on ShotPak, Inc.:
ShotPak, Inc., an Irvine, California based company, since 2003, is a leading distiller and innovator of cocktails and straight spirits in 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, they 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. They 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.
ShotPak products are packaged in single serving, lightweight, break-resistant, recyclable plastic pouches with a built-in spout, making it easy to pour anywhere. ShotPak products are ideal for camping, boating, golfing, concerts, sporting events, or for anyone on-the-go. Made with recyclable plastic instead of glass, ShotPak products provide a safe alternative especially during summer activities. ShotPak, Inc. is immersed in a national roll-out through strategic distribution channels and is expected to be available in most major markets this year.
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 detailed from time to time in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.