Simply Innovative Products, Inc. Sign Agreements to Supply Million Dollar Manufacturing Station for Simply Lids
August 07 2017 - 9:31AM
InvestorsHub NewsWire
Simply Innovative Products, Inc. Sign Agreements to Supply Million
Dollar Manufacturing Station for Simply Lids
CHEYENNE, WY--(NewMediaWire - Aug 7, 2017) - Simply Innovative
Products, Inc. (OTC PINK: SMPI) has signed multiple
manufacturing supply agreements to produce its patented plastic
disposable beverage lid for the company's subsidiary Simply
Lids.
The supply agreements involve the production of two injection
molds from one supplier, and robotics, packaging, injection molding
machines, and manufacturing from another. The state-of-the-art
manufacturing station will be capable of producing 250,000 lids a
day. The use of robotics enables the production of the patented lid
that is superior to any disposable lid on the market, at a lower
cost. The environmentally friendly Simply Lid has a lower carbon
footprint and uses a plastic that is readily recycled, keeping
products out of landfill sites. This is the first of many
manufacturing stations slated for production in North America.
World demand for disposable cups and lids in 2017 will rise 5% per
year to nearly $26 billion.
Simply Innovative Products, Inc. President John Newman stated,
"This is the beginning of a new era in disposable beverage lids.
Having signed these important agreements is the start of a dream
that has been in the works for many years. We are excited to be
bringing this wonderful product to our customers and building a
company that will support the many investors who have been with us
since inception."
About Us: Simply Innovative Products, Inc.
is a development company specializing in plastic products in
various markets. Bugout™ Pet Products is the company's latest
acquisition, poised to make an impact in the multi-million-dollar
pet industry.
Simply Lids is an award-winning company whose specialty is
disposable beverage lids in the food services industry. Simply
Lids' patented technologies provide a safer, more enjoyable
drinking experience, without splashing or spills, and has the added
benefit of unique marketing opportunities, never before realized in
this industry sector. Simply Lids plans on being the leader in this
multi-billion-dollar sector through the application of its unique
technology and innovation. For more information, please visit our
website at www.simplyinnovativeproducts.com.
Forward-Looking Statements:
This news release contains "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, not guarantees of
Coastal Integrated Services Inc.'s future operational or financial
performance, and are subject to risks and uncertainties. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to
the risks and uncertainties, actual events may differ materially
from current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT INFORMATION
Mr. John Newman
President
Tel: 702-720-6757
www.simplyinnovativeproducts.com
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