ShotPak, Inc. Announces First Quarter Results
IRVINE, Calif. (Business Wire EON) May 16, 2008 --
ShotPak, Inc. (Pink Sheets: SHTP) today announces better than expected
first quarter results.
R. Charles Murray, Chairman and CEO of Beverage Pouch Group, owners of “ShotPak™,
the Shot without the Glass” brand, was in high
spirits as he announced first quarter results.
He commented, "Wall Street normally rewards companies when their
Management exceeds their promises and I am happy to announce my team has
exceeded all our first quarter objectives.
We promised when we took the brand over on 1/1/2008 to:
-
clean up the 2004, 2005, 2006 financials / done
-
remove the Caveat Emptor designation in the first 30 days / completed
-
be on time with all Pink Sheet filings / done
-
increase the number of states we operate in to 10 / done
-
ensure 1,000 stores carry ShotPak™ brands /
done
-
open the export market / done
The official figures show that sales grew a phenomenal 1,345% from 53
cases sold in first quarter 2007 to 2539 cases in first quarter 2008."
Bill Marin, President of ShotPak, Inc. (NV), reported, "The technology
deal and our investment in the Beverage Pouch Group means a 15%
ownership in the growth of the products. This will provide a long term
ultimate growth investment return, because of the ownership. Also note
that the convertible debentures were amended and now are being paid
through the quarterly royalty. ShotPak, Inc. (NV) is looking forward to
increased royalty payments to be available to pay down debt in the
future."
In response Mr. Murray said, "PPi Technologies Global,
the owner of Beverage Pouch Group, has so much faith in the success of
the ShotPak brand that it has advanced $232,214 to ShotPak, Inc. (NV) to
ensure the recent success continues into the second quarter and the rest
of the year."
Information on ShotPak, Inc.:
ShotPak, Inc., an Irvine California based company, since 2003, is a
leading innovator of cocktails and straight spirits in Beverage Pouch
Group’s patented soft portable single serving
standup pouches. With over 50 years of combined experience and expertise
in alcohol distilling, distribution and field marketing, retail
placement and promotion as well as consumer trial and adoption, ShotPak,
Inc. and Beverage Pouch Group prove to be a forerunner in the single
serve Ready to Drink (RTD) alcohol category. With the successful launch
of four premium vodka flavored drinks and four premium distilled spirits
in January 2007, ShotPak has instantaneously captured national attention
in the rapidly emerging $110 billion plus alcohol beverage industry,
with distilled spirits showing an 8.1% increase. ShotPak, Inc. and
Beverage Pouch Group are recognized for being visionaries with their
award-winning spirits and revolutionary packaging which gives consumers
a cost effective way to purchase spirits without the bulky bottle. For
more information about ShotPak, Inc. please visit us at: www.shotpakinc.com.
Information on Beverage Pouch Group:
Beverage Pouch Group, a Sarasota, Florida based company, since 1996, is
the leading provider of StandUp pouch machinery through its
parent Company PPi Technologies Global, in North America.
BPG is a prolific innovator of pouch designs and structures for life
style beverages, including Natural Flavor Waters, all types of cocktails
and straight spirits, wines and draft beers in patented soft portable
single serve and sustainable StandUp pouches. The Beverage Pouch Group
is truly global with plants in Germany, Korea and China. BPG’s
pouch machinery is the industry standard.
Beverage Pouch Group offers a full range of Lifestyle Beverages to the
consumer in sustainable StandUp pouches. The Beverage Pouch Group
machines and StandUp pouches are marketed through four divisions:
ShotPaQ® for liquors; BevPaQ®
for natural flavor waters, teas, coffees and energy drinks; VinoPaQ®
for wines; and BeerPaQ® for draft beers
BevShot® is BPG’s
contract packing division. A customer brings their proprietary recipe
and BPG’s BevShot®
division then utilizes their machinery and process’
to fill that product into patented pouches. This arrangement saves a
small company precious capital at times when resources are needed to
grow their business by allowing them to meet the financial requirements
to begin production without the cost of purchasing their own equipment.
Safe Harbor: Except for the historical information contained
herein, the matters set forth in this press release, including the
description of the Company and its product offerings, are
forward-looking statements within the meaning of the "safe harbor"
provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially, including the historical
volatility and low trading volume of our stock, the risk and
uncertainties inherent in the early stages of growth companies, the
Company's need to raise substantial additional capital to proceed with
its business, risks associated with competitors, and other risks. These
forward-looking statements speak only as of the date hereof. The Company
disclaims any intent or obligation to update these forward-looking
statements.
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