Solegear Wins Deal to Sell Plant-based Bioplastics Office Products Online at BestBuy.caThursday, May 19, 2016
Sustainable lifestyle products brand gains further traction with major Canadian retailers
Vancouver, BC, May 19, 2016--(T-Net)--Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) announced today that its recently launched good natured™ office organization products are now available online at BestBuy.ca.
good natured™ stackable legal trays, self-stacker desk trays, vertical file holders, paper clip dispensers and pencil holders are all made with industry-leading 85% plant-based bioplastic materials that have been independently certified by the USDA BioPreferred® program.
The good natured™ brand, colours and packaging are all designed to bring a lighthearted, modern spirit to environmentally friendly consumer products and are available in four 2016 fashion colours - Raspberry, Mojito, Frosting and Licorice.
"We're excited about the continued expansion of our good natured™ retail relationships with leaders like Best Buy Canada who know their customers expect the latest innovations," said Paul Antoniadis, CEO of Solegear.
"We have all seen how sustainable brands in other consumer categories like cleaning products, personal care and diapers have secured significant shelf space and market share from competitors. Our successful launch with major Canadian retailers puts Solegear in a clearly strong position to capture share in the multi-billion dollar home and office organization market that is dominated by petrochemical plastics."
Developed in partnership with some of Canada's top research institutions, Solegear's independently certified Polysole® LV1250 bioplastic contains some of the highest percentages of plant-based, renewable resources currently available for durable consumer goods products and can significantly reduce carbon emissions compared to the production of traditional petrochemical plastics.
About Solegear Bioplastic Technologies Inc.
Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.
Solegear's proprietary bioplastic formulations, Polysole® and Traverse®, are designed to meet today's social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Cautionary Statement Regarding Forward-Looking Information
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the risk that: (i) future orders may not be placed by the customer; and (ii) that sales projections may not be within the current range forecasted.
When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
Other than as required under securities laws, we do not undertake to update this information at any particular time.
Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
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Solegear Bioplastics Inc.
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