NEW YORK, Jan. 19, 2011 /PRNewswire/ -- Safetek
International, Inc. (Pink Sheets: SFIN), announced today three
major distributors of food products based in the United States, Russia and South
America have completed two of the three steps in the
purchase process of the eco-friendly, non-toxic ewrap™ food film
produced by its subsidiary Newave Packaging, Inc. The
distributors have agreed on pricing and delivery requirements and
have received sample film rolls with specific dimensions of ewrap™
machine wrapping food film to test on their high speed packing
machines. ewrap™ film is manufactured to meet global industry
standards and can be used on packaging machines currently operated
in the industry.
Commenting on the process to secure these large orders, Dr.
Fredrik Verkroost, President of
Newave Packaging, Inc. said:
"Having already accepted our pricing plans and receiving sample
rolls for testing on their food packaging machines, we hope the
distributors' evaluations will be complete within a couple of
weeks. If the testing is completed successfully, we have been
advised to anticipate delivery requirements in excess of 75,000
rolls annually as a minimum order, which could equate to company
growth starting in the second quarter of 2011.
The customers of these distributors use food film for packaging
of meat, pork, poultry, vegetables and other food products. We
believe these orders indicate that there is a global transition in
the food packing industry and companies from small stores to large
distributors are looking to purchase a competitively-priced
alternative to what is currently available in the market. We hope
ewrap™ will be the eco-friendly, healthier, and cost-competitive
alternative they are seeking. We believe this transition represents
growth potential for Newave. Lastly we are rolling out our business
slowly so that we create a solid foundation of service for our
customers. It may take a bit longer, but we believe it will help
ensure that our customers will stay with us over the long
term."
If the physical testing and purchase process are completed
successfully, Newave will announce any confirmed customer orders in
the next few weeks.
About Newave Packaging Inc.
(www.newavepackaging.net)
Newave Packaging Inc. supplies eco-friendly, non-toxic and
biodegradable film products and cutter boxes for the packaging
industry, particularly food packaging, which is still dominated by
PVC products. All of Newave's products are tested and certified to
conform to environmental legislation. Newave currently distributes
throughout North and South America
and looks forward to supplying other countries worldwide.
About Safetek International Inc.
(www.safetekinternational.com)
Safetek International, Inc. is a holding company formed to
identify, develop and manage business projects that show
significant growth potential, including new green technologies and
other eco-friendly sectors. The Company acquired Newave Packaging,
Inc. as part of its restructuring program to take advantage of
Newave's innovation and application to 'green' initiatives,
especially in the non-toxic food film market. In addition to
identifying, developing and managing business projects that show
significant growth potential, Safetek helps companies find
management experienced in taking companies from the
idea/development stage to profitable operation.
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.
Investor Relations
Contact:
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Roland Rick Perry
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Shmuel Shneibalg
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Institutional Analyst
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Safetek International
Inc.
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Email: roland@internetstockreview.com
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Tel: 347-772-1706
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Tel: 310-594-8062
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SOURCE Safetek International, Inc.