EarthShell Packaging to make retail debut in Mexico
EarthShell Hidalgo Receives Significant Retail Order for EarthShell Plates and Bowls.
21/03/06 BALTIMORE -- EarthShell Corporation (OTCBB: ERTH), announced today that EarthShell Hidalgo, the Company's licensee in Mexico, has received a significant order from Wal-Mart of Mexico for EarthShell Packaging plates and bowls. This order represents the first opportunity for consumers outside of the United States to purchase and use EarthShell products. EarthShell Hidalgo has informed the Company that it anticipates product should be available at Wal-Mart, Mexico during the month of May.
EarthShell Hidalgo's license provides exclusivity to all market segments in Mexico. Hidalgo will procure product for this retail order from EarthShell's U.S.-based licensee, ReNewable Products, Inc. (RPI). EarthShell Hidalgo and RPI are working jointly to amend packaging language and product count to meet the customer's needs.
"EarthShell Hidalgo is proud to be a part of EarthShell's new momentum and bring the first EarthShell products to the Mexican consumer," said Lic. David Maczka of EarthShell Hidalgo.
"David Maczka's leadership and business plans are on the right track as he accelerates his company's key actions to introduce EarthShell Packaging to Mexico as well as order initial manufacturing equipment," said Vincent J. Truant, chairman and chief executive officer of EarthShell Corporation.
EarthShell Corporation and EarthShell Hidalgo are working on refinements to Hidalgo's licensing agreement. The Company is working closely with EarthShell Hidalgo to finalize its initial equipment purchase order, secure necessary financing and establish manufacturing operations in Mexico. These initiatives are projected to be finalized over the next 90-100 days and additional details will be announced at that time.
Concurrent with today's news, EarthShell also reports that its primary U.S. licensee, ReNewable Products, Inc., is making good progress with its U.S. launch of plates and bowls into the marketplace. The Company expects to provide an update on this progress in the near future.
EarthShell Corporation is engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, including, plates, bowls and cups. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials.
EarthShell Packaging is designed with the environment in mind. Developed over many years using a "life cycle inventory" and in consultation with leading environmental experts, EarthShell products reduce the environmental burdens of rigid food service packaging through the careful selection of raw materials, processes and suppliers. The products are made primarily from natural limestone and starch from potatoes, wheat or corn. The new packaging poses substantially fewer risks to wildlife than polystyrene foam packaging because it biodegrades when exposed to moisture in nature, physically disintegrates in water when crushed or broken, and can be composted in a commercial facility, where available, or in your backyard.
