Attached files
Exhibit 99.1
HOUSTON, TX., June 9, 2017 /PR Newswire/ -- Environmental Packaging Technologies Holdings,
Inc., a Nevada corporation (“The Company”), announced
today that it has completed a reverse merger on June 8, 2017 in
which Environmental Packaging Technologies, Inc., a Delaware
corporation, became a wholly owned subsidiary of the Company.
“This is an exciting new chapter for EPT,” said David
Skriloff, CEO. “Being a public company will allow us
to have further access to the capital
markets such that we can globally expand our production
capabilities and continue to grow our
business.”
Shares of the Company's common stock are quoted on the OTC Markets
under the symbol: EPTI
Visit the Company website:
www.eptpac.com
ABOUT EPT
Environmental Packaging Technologies (EPT) (www.eptpac.com)
is a publicly traded USA based global logistics company (OTC:
EPTI). It is the only US manufacturer of flexitanks, and
one of the first in the field. A flexitank is a
soft sided single use container for the bulk shipment of
non-hazardous liquids within a 20’ intermodal shipping
container. Flexitanks are generally considered the least
expensive and most environmentally conscious way to ship bulk
non-hazardous liquids over long distances. One flexitanks can
hold up to 24,000 liters of liquids.
With the introduction of its patent-pending LiquiRide product in
2016, EPT opened the market for flexitanks to be utilized in
40’ and 53’ containers and trailers in both dry and
refrigerated configurations allowing for the first time shipments
of liquid requiring temperature controls. EPT’s
customers have utilized the Company’s state-of-the-art
Flexitanks to ship a wide variety of liquids including liquid latex
and other chemicals, fruit juices and concentrates, edible oils,
milk, wine, petroleum based products and many
others. EPT provides its products to shippers, logistics
companies and end users in more than 50 countries around the
world. It has offices in the US, South Korea, the
Netherlands and Argentina.
Forward - Looking Statement
This press release contains projections and other forward-looking
statements regarding future events or our future financial
performance. All statements other than present and historical facts
and conditions contained in this release, including any statements
regarding our future results of operations and financial positions,
business strategy, plans and our objectives for future operations,
are forward-looking statements (within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended). These statements are
only predictions and reflect our current beliefs and expectations
with respect to future events and are based on assumptions and
subject to risk and uncertainties and subject to change at any
time. New risks emerge from time to time. Given these risks and
uncertainties, you should not place undue reliance on these
forward-looking statements. Actual events or results may differ
materially from those contained in the projections or
forward-looking statements. Some of the factors that could cause
actual results to differ materially from the forward-looking
statements contained herein include, without limitation: (i) the
contraction or lack of growth of markets in which we compete and in
which our products are sold (ii) unexpected increases in our
expenses, including manufacturing expenses, (iii) our inability to
adjust spending quickly enough to offset any unexpected revenue
shortfall, (iv) delays or cancellations in spending by our
customers, (v) unexpected average selling price reductions, (vi)
the significant fluctuation to which our quarterly revenue and
operating results are subject due to cyclicality in the transport/
logistics industry, (vii) our inability to anticipate the future
market demands and future needs of our customers, and (viii) other
factors detailed in documents we file from time to time with the
Securities and Exchange Commission. Forward-looking statements in
this release are made pursuant to the safe harbor provisions
contained in the Private Securities Litigation Reform Act of
1995.