2008-09-08 16:06:08 -
- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB: PGOG, www.perfgogreen.com), a marketer and distributor of biodegradable plastics, announced today that it has entered into a new distribution partnership with a leading pharmacy chain. Through this agreement, Perf Go Green's 13-gallon kitchen trash bags and 30-gallon lawn and leaf bags will be available for purchase in more than 6,000
drugstores nationwide starting in mid-October.
"Perf Go Green's mission is to offer a green plastics platform to consumers all over the U.S. With this new partnership, our products will be available in a total of over 12,000 retail outlets across the nation, giving us an outstanding opportunity to fulfill that goal," said Chairman and CEO Tony Tracy. "By dramatically expanding our distribution, we're making it easy for households to embrace a greener lifestyle.
"With each purchase of a Perf Go Green bag, consumers and businesses are helping to remove plastic waste from the environment. We're proud to enter into our second agreement with a mass-market retail chain and to be at the forefront of the 'go green movement,' which is estimated to become a $500 billion market in the U.S. by 2008."
In addition to being available at retail outlets nationally, Perf Go Green products can be purchased online through Amazon.com and drugstore.com.
Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation.
Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for its bags. Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green kitchen trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time.
According to Landor Associates, the "go green movement" is poised to become a $500 billion market in the U.S. by 2009.
About Perf Go Green
Perf Go Green, Holdings Inc. (OTCBB: PGOG), www.perfgogreen.com, is a New York-based biodegradable plastics company. The corporate name reflects the "Go Green" mission from inception to create a Green company for the development of eco-friendly, non-toxic, food contact compliant, biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
Safe Harbor Statement
This press release contains 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 forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Perf Go Green Holdings, Inc.
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