Packaging
Safetek International Subsidiary Newave Packaging Completes Product Testing and Secures First Order for ewrap Food Film
Thursday 05. August 2010 - 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(TM), its subsidiary Newave Packaging, Inc., has secured its first order for ewrap(TM) 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(TM).
As part of a national roll-out, Newave Packaging will start supplying the ewrap(TM) 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(TM) 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(TM) 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(TM), 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(TM) 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.