JER Envirotech Signs U.S. Distribution Partnership With Jamplast Inc.
May 26 2008 - 9:30AM
Marketwired
VANCOUVER, BC (FRANKFURT: KFTB) is pleased to announce that the
Company has signed a non-exclusive distribution agreement with
Jamplast Inc. ("Jamplast"), a leading North American plastic raw
material distributor of biopolymers, engineering polymers and
commodity-grade thermoplastics headquartered in Ellisville,
Missouri.
Established in 1994, Jamplast is a one-stop source for prime,
custom compounded, wide-spec, regrind, and reprocessed materials
and supplies more than 30 million pounds of raw thermoplastic
material annually to customers worldwide. Under this agreement,
Jamplast has formed a new "Green Alliance" with JER to jointly
market JERtech� thermoplastic biocomposite compounds to injection
moulders throughout the United States. The distribution agreement
is for an initial period of one year and provides Jamplast with
preferential pricing upon meeting certain performance objectives.
There is also provision to renew the agreement on an annual
basis.
"We are pleased with this new distribution partnership with
Jamplast," states Edward Trueman, President and CEO of JER. "The
company brings to JER a knowledgeable, dedicated and professional
sales team with a strong presence throughout the United States and
Canada. We are confident that Jamplast will significantly expedite
the market penetration for our JERtech� thermoplastic
biocomposites."
"Our company has extensive experience with biodegradable and
environmentally preferable materials, such as Polylactic Acid (PLA)
and starch-based plastics, and we are continually seeking new
materials to extend the offerings in our bio-plastic portfolio,"
states John Moissen, President of Jamplast. "JER's thermoplastic
biocomposites are truly unique in the plastics industry and provide
a number of interesting capabilities and performance advantages. We
expect a very favourable response from both existing and future
clients."
For more information about Jamplast, visit www.jamplast.com.
About JER Envirotech International Corporation
JER is a global manufacturer of thermoplastic biocomposite
compounds and sheeting. The Company's patented technology utilizes
waste or by-product materials, such as wood fibre or rice hulls, to
produce Environmentally friendly alternative products for
applications in the construction, transport, automotive and toy
industries. The Company currently has a range of biocomposite
formulations which it developed in collaboration with the National
Research Council - Industrial Materials Institute of Canada.
JER currently has manufacturing operations in Canada, Malaysia
and the Philippines. The Company is publicly traded on the TSX
Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt
Stock Exchange under the symbol "KFTB." For more information, visit
www.jerenvirotech.com or contact:
JER ENVIROTECH INTERNATIONAL CORPORATION
"Ji Yoon"
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release contains
certain forward-looking statements that reflect the current views
and/or expectations of JER Envirotech International Corp. with
respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, demand for thermoplastic
biocomposites, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. JER Envirotech International Corp. does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements.
(2008-05 #12)
Distributed by Filing Services Canada and retransmitted by
Marketwire
For more information, visit www.jerenvirotech.com or contact:
JER Envirotech International Corporation Mr. Ji Yoon Chief
Financial Officer International: +1 (604) 940-9262 Email Contact
Investor Relations: Mr. Mark Komonoski VP Corporate Communications
Toll-Free: 1-877-255-8483 International: +1 (403) 470-8384 Email
Contact Email: Email Contact Website: www.jerenvirotech.com
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