NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- Safetek
International, Inc. (Pink Sheets: SFIN)
(www.safetekinternational.com) today announced that following
extensive tests by a large US paper/plastics distributor on its
non-toxic and non-PVC food film ewrap™, its subsidiary
Newave Packaging, Inc., has secured its first order for
ewrap™ film. Management believes this order will open the
door for other potential customers who have a need for an
eco-friendly, non-toxic food film ewrap™.
As part of a national roll-out, Newave Packaging will start
supplying the ewrap™ film in the
United States in the next 45-60 days. Newave Packaging's
initial focus and marketing strategy is to establish a recognized
Brand for the product by initiating pilot programs in test
locations via national and regional supermarkets, which could
generate an increasing demand for the ewrap™ film from
distributors to the packaging industry. As part of the Marketing
strategy, Newave Packaging also anticipates setting up an Internet
Sales division to offer products for sale online with a focus on
cutter boxes for catering and retail use in homes.
Management believes consumers want to move away from using PVC
products and use cleaner, eco-friendly, non-PVC products in the
future. Newave Packaging aims to position ewrap™ film so
that it can gain access to the approximately 1 billion dollar PVC food film market in
the United States, doing so could
establish a footprint in the market that has a long history of
having a few large manufacturers as suppliers.
Commenting on this first order, Shmuel
Shneibalg, CEO of Safetek International, Inc., said: "This
first order demonstrates the potential demand of our food film
product ewrap™, and we believe justifies the investment made
in acquiring Newave Packaging, Inc., to build a bright future for
the Company." He continued: "We believe we have an opportunity to
establish a presence and replace the toxic PVC packaging market
with our environmentally friendly and non-toxic products.
Newave Packaging's ewrap™ product is one of a series
of products being introduced to the market, and these can all be
seen on the website www.newavepackaging.com.
About Safetek International, Inc.
The business plan of Safetek International, Inc., includes
identifying, developing and managing business projects that
Management believes show significant growth potential, including
new green technologies and other ECO-Friendly sectors. The Company
is undergoing a restructuring and refinancing in 2010 to foster the
innovation and application of its 'green' initiatives.
Forward-Looking Statements
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
SOURCE Safetek International, Inc.
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