Aug 16 2010
Safetek International, Inc. (Pink Sheets: SFIN) today issued a death warning for the traditional toxic packaging used in food distribution, and sees huge potential for its ewrap™ film.
The management of subsidiary Newave Packaging Inc., believes that every household will eventually benefit from the breakthrough in removing toxic elements from food packaging. Following the launch of its non-toxic and non-PVC food film ewrap™ a few weeks ago, packaging companies have already placed orders and have shown a positive reaction to change from PVC film to ewrap™ film and other related products from Newave Packaging.
With the enormous quantities of food film packaging used by the industry, estimated at over 150,000 tons per year, Newave Packaging will be working hard to meet this huge demand and focus on selected markets to establish a market leading position in the supply of environmentally friendly packaging.
Households typically store food for longer than food labels prescribe. This puts consumers at risk from toxic elements that may leak from PVC film into uncooked foods, if stored too long. Management believes with the non-toxic non-PVC ewrap™ film, consumers will be better protected from such risks, and wholesalers and supermarkets will benefit from removing potentially toxic elements from their shelves.
Based on the volume of food packaging used annually in the USA, converting just one percent of this to ewrap™ would represent a volume distribution requirement for Newave Packaging of over 3.3 million Pounds a year. This would represent a potential revenue turnover of over $7m per year for ewrap™ film.
Source: http://www.safetekinternational.com/