NEW YORK, Jan. 19, 2011 /PRNewswire/ -- Safetek International, Inc. (Pink Sheets: SFIN) an incubator of and investor in green technology and eco-friendly start-up companies is pleased to announce positive responses from its customers who have reported Newave's eco-friendly, non-toxic ewrap™ food film is of better quality than wraps they have previously used and sales of meat products packaged in ewrap™ have increased.
David Lester, Manager of the Oneota Community Food Co-op commented: "We really love the wrap and think the tighter fit really displays our meats and cheeses better than before. We have seen a considerable increase in sales in our meat department."
Dr. Fredrik Verkroost, President of Newave Packaging, Inc. said: "While our goal at Newave Packaging is to create a healthier, more environmentally friendly product for consumers, we are pleased to see our customers using ewrap™ film are experiencing increased sales in their meat and fresh food departments and in overall sales. We believe consumers are demanding safer products and have shown they will go to the supermarkets that can provide these products to them. We feel we have created a win/win scenario for consumers, our customers and the environment." Our current strategy is to focus marketing our food film directly to independent distributors, organic green stores such as Oneota and co-op food stores, which number in the thousands in the United States, hopefully giving ewrap™ a solid foot print.
Newave Packaging, Inc., a Safetek International subsidiary company provides ewrap™ food film used in packaging meats and vegetables for resale in grocery stores and offers a healthy alternative to PVC film. ewrap™ does not require any additional or specialized dispensers and can be dispensed from the same dispensers currently being used by food packagers.
About Oneota Community Food Co-op (www.oneotacoop.com)
Oneota Community Co-op started in 1972 as an informal group of people making trips to Iowa City and Minneapolis to purchase natural foods in bulk. The past several decades have seen the co-op transfer from that original buying club to a co-op owned by over 2500 members. Today the store features a large selection of bulk foods, produce, health and beauty items, packaged foods, a deli and a gift section. Oneota Community Co-op is committed to operating by co-op principles to offer its members and customers the best possible selection of whole foods.
About the National Cooperative Grocers Association.
In 2004, NCGA combined the operations of 10 regional Cooperative Grocers Associations and partnerships to drive down costs, increase buying power, share best practices and promote the values of its food co-op members. Food co-ops are located nationwide, and 114 food co-ops are members of the National Cooperative Grocers Association (NCGA), a business services cooperative that helps unify co-ops in order to optimize operational and marketing resources, strengthen purchasing power, and ultimately offer more value to natural food co-op shoppers everywhere. NCGA members operate more than 145 stores in 32 states with combined annual sales of nearly $1.2 billion. The median NCGA member co-op was founded in 1975. While the smallest NCGA-member co-op generates less than $1 million in annual sales, the largest co-op generates more than $100 million in sales annually.
About Newave Packaging Inc. (www.newavepackaging.net)
Newave Packaging, Inc. supplies eco-friendly, non-toxic and biodegradable film products and cutter boxes for the $1bn+ packaging industry, specializing in food packaging, which is still dominated by PVC products. All of its products are tested and certified to conform to new environmental legislation. Newave Packaging now distributes throughout North and South America and anticipates supplying other countries worldwide.
About Safetek International Inc. (www.safetekinternational.com)
Safetek International, Inc. is a holding company formed to identify, develop and manage business projects that show significant growth potential, including new green technologies and other eco-friendly sectors. The Company has recently acquired Newave Packaging, Inc. as part of its restructuring program to take advantage of innovation and their application to 'green' initiatives, especially for the non-toxic food film market. In addition to identifying, developing and managing business projects that show significant growth potential, Safetek helps its' portfolio companies find individuals experienced in management to take companies from idea/development to profitable operation.
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.
Investor Relations Contact:
Roland Rick Perry
Institutional Analyst Inc.
Safetek International Inc.
SOURCE Safetek International, Inc.
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