NEW YORK, Aug. 13 /PRNewswire-FirstCall/ -- Safetek
International, Inc. (Pink Sheets: SFIN)
(www.safetekinternational.com) today issued a death warning for the
traditional toxic packaging used in food distribution, and sees
huge potential for its ewrap™ film.
The management of subsidiary Newave Packaging Inc.
(www.newavepackaging.com), believes that every household will
eventually benefit from the breakthrough in removing toxic elements
from food packaging. Following the launch of its non-toxic and
non-PVC food film ewrap™ a few weeks ago, packaging
companies have already placed orders and have shown a positive
reaction to change from PVC film to ewrap™ film and other
related products from Newave Packaging.
With the enormous quantities of food film packaging used by the
industry, estimated at over 150,000 tons per year, Newave Packaging
will be working hard to meet this huge demand and focus on selected
markets to establish a market leading position in the supply of
environmentally friendly packaging.
Households typically store food for longer than food labels
prescribe. This puts consumers at risk from toxic elements that may
leak from PVC film into uncooked foods, if stored too long.
Management believes with the non-toxic non-PVC ewrap™ film,
consumers will be better protected from such risks, and wholesalers
and supermarkets will benefit from removing potentially toxic
elements from their shelves.
Based on the volume of food packaging used annually in the
USA, converting just one (1)
percent of this to ewrap™ would represent a volume
distribution requirement for Newave Packaging of over 3.3 million
Pounds a year. This would represent a potential revenue turnover of
over $7m per year for ewrap™
film.
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.
Copyright . 13 PR Newswire