BIOPACK ENVIRONMENTAL SOLUTIONS INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Our financial statements are stated in United States dollars and are prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. As used in this quarterly report and unless otherwise indicated, the terms "we", "us" and "our" refer to Biopack Environmental Solutions Inc. and our subsidiaries, unless otherwise indicated. Unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to shares of our common stock. Note Regarding Forward-Looking Statements This quarterly report on Form 10-Q includes forward-looking statements. Forward-looking statements are statements that relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section of this quarterly report entitled "Risk Factors" beginning at page 38 below, any of which may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon whic...
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Biopack Announces Entry into the Growing Asian Sustainable Packaging Market

HONG KONG--(BUSINESS WIRE)--Biopack Environmental Solutions Inc. (OTCBB: BPAC - News) a leading designer, manufacturer and supplier of 100% biodegradable packaging products, is pleased to announce its entry into the Asian packaging market. Biopack’s expansion into this rapidly growing sustainable packaging market is through sales of its green fruit trays to city’super, a high end supermarket chain with stores in Hong Kong and Taiwan. Biopack’s 100% biodegradable and compostable products are prominently featured in city’super’s organic fruit sections, packaging a wide variety of fruit. Above the display stands, the following headline is clearly visible: "city’super is going GREEN! From now on, ALL ORGANIC Fruits will be featured with ‘GREEN SUGAR CANE TRAYS’. All new trays are BIO-DEGRADABLE. You can be sure the product and packaging are eco-friendly.”Images of Biopack's packaging products featured on the shelves at city’super can be seen at the following link: ...
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Biopack Announces its First Distributor in Canada

HONG KONG--(BUSINESS WIRE)--Biopack Environmental Solutions (OTCBB: BPAC - News), an award winning designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce that, as part of its ongoing expansion efforts, it has entered into its first distribution agreement in Canada with Sonray Sales Ltd. Sonray was founded more than 30 years ago, providing a long-term loyal commitment to the product lines it represents. Since its inception, Sonray has developed a strong client roster of wholesalers, retailers, supermarket-chains, and food service providers throughout Canada and abroad.Jeff Hornell, head of sales for Sonray, commented, “Canadian consumers are looking for green solutions. Biopack’s ability to supply this growing need in customizable forms is an asset. Recognizing the infinite possibilities that Biopack has to offer, Sonray Sales welcomes the opportunity.""It was important for Biopack to find a partner that has established a high level of distribution and support that customer’s demand. We’re very excited to be working with Sonray Sales Ltd, as they share our vision of playing a part in lessening the environmental impact plastic and polystyrene packaging has on our environment. Sonray will be an excellent partner in developing and opening key market channels for our line of sustainable packaging ...
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Biopack Opens Up Multiple New Market Segments through Innovation

HONG KONG--(BUSINESS WIRE)--Biopack Environmental Solutions Inc. (OTC: BPAC - News), a designer, manufacturer, and supplier of 100% biodegradable packaging products, is pleased to announce the successful completion of initial sampling runs and testing of its moisture, grease and water resistant trays or “coated” trays. The initial successful test results will allow Biopack's compostable trays to be used in product applications in which moisture resistance is required over a longer period of time. These product applications include large market segments such as frozen food and entrees, ready-made meals, fresh and frozen meat, cut fruit and vegetables, baked goods as well as the seafood market. Biopack has been successfully manufacturing sustainable packaging for the retail and fresh food sectors for more than a decade. Although the company's products were ideally suited to handle the temperature ranges (hot and cold), some trays required longer term moisture and grease resistance to be viable for retail sectors such as ready-made meals and baked goods. This left sizable market segments without a true viable sustainable packaging alternative to offer to consumers other than the markedly less environmentally friendly plastic and metal containers that are so prevalent in today's market place. Previous moisture resistant applications tested over the last several years by Biopack...
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BIOPACK ENVIRONMENTAL SOLUTIONS INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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BIOPACK ENVIRONMENTAL SOLUTIONS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statem

Show all filings for BIOPACK ENVIRONMENTAL SOLUTIONS INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for BIOPACK ENVIRONMENTAL SOLUTIONS INC. 2-Sep-2009Entry into a Material Definitive Agreement, Financial Statem Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All...
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Biopack Engages Torrey Hills Capital for Investor Relations

HONG KONG--(BUSINESS WIRE)--Biopack Environmental Solutions Inc. (OTCBB: BPAC - News) a leading designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products wishes to reiterate further to its Form 8-K filing of June 8, 2009 that it has signed a six-month Consulting Agreement with San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital") to act as Investor Relations consultants to the company. Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies. It will be Biopack's goal to build and maintain an informed investor audience by increasing awareness about the Company through Torrey Hills Capital's established relationships with investment professionals, investment advisors, money managers, and market makers focused on the microcap market space. Torrey Hills Capital will also develop a profile on Biopack for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors. Focusing on serving investors in North America, Torrey Hills Capital can be reached at ...
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Biopack Gross Revenue Up 304 Percent Year-to-Date

HONG KONG--(BUSINESS WIRE)--Biopack Environmental Solutions Inc. (OTCBB: BPAC - News), a leading designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce second quarter and year-to-date revenue results. For the quarter ended June 30, 2009, Biopack reported gross revenue of $403,101 compared to gross revenue of $123,192 in the second quarter of 2009, an increase of $279,909 or 227%. For the six months ended June 30, 2009, Biopack reported gross revenue of $663,498 compared to $164,430 during the same period in 2008. This represents an increase of $499,068 or 304%. This increase in sales is primarily the result of Biopack's renewed sales and marketing efforts, particularly with respect to packaging orders secured in the European market, Biopack’s traditional stronghold.Biopack has also reported a corresponding increase in its cost of sales for the three month period ended June 30, 2009 of $523,333 compared to cost of sales of $114,421 for the same period in 2008. This increase is due in part to the costs of higher production volumes and in part to Biopack’s decision to “front-load” the installation of infrastructure in its factory, which is currently home to 16 production machines but was built to support 44. As Biopack has already paid to install the necessary electrical, piping, water filtration, building requi...
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BIOPACK ENVIRONMENTAL SOLUTIONS INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of operations As used in this quarterly report and unless otherwise indicated, the terms "we", "us" and "our" refer to Biopack Environmental Solutions Inc. and our subsidiaries, unless otherwise indicated. Unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to shares of our common stock. Our financial statements are stated in United States dollars and are prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. Note Regarding Forward-Looking Statements This quarterly report on Form 10-Q includes forward-looking statements. Forward-looking statements are statements that relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section of this quarterly report entitled "Risk Factors" beginning at page 32 below, any of which may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which th...
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BIOPACK ENVIRONMENTAL SOLUTIONS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sal

Item 3.02 Unregistered Sales of Equity Securities. On July 28, 2009, we issued 1,124,438 shares of our common stock to the holder of a convertible debenture dated March 3, 2008 pursuant to the conversion of a portion of the principal balance of that convertible debenture at a conversion price of $0.0666 per share. After adjustment for this conversion, the convertible debenture, which had an original face amount of $400,000, has a remaining principal balance outstanding of $325,000. The holder of the convertible debenture is not a U.S. person, this transaction did not occur in the United States and in issuing these shares of our common stock we relied on the registration exemption provided by Regulation S, promulgated under the Securities Act of 1933, as amended. On July 28, 2009, we issued 1,125,001 shares of our common stock to the holder of a convertible debenture dated December 29, 2008 pursuant to the conversion of a portion of the principal balance of that convertible debenture at a conversion price of $0.0666 per share. After adjustment for this conversion, the convertible debenture, which had an original face amount of $150,000, has a remaining principal balance outstanding of $75,000. The holder of this convertible debenture is not a U.S. person, this transaction did not occur in the United States and in issuing these shares of our common stock we relied on the registration exemption provided by Regulation S, promulgated under the Securities Act of 1933, as amended. On July 29, 2009, we issued 1,250,000 shares of our common stock to the holder of a convertible debenture dated December 27, 2007 pursuant to the conversion of a portion of the principal balance of that convertible debenture at a conversion price of $0.0666 per share. After adjustment for this conversion, the convertible debenture, which had an original face amount of $300,000, has a remaining principal balance outstanding of $175,000. The holder of this convertible debenture is not a U.S. person, this tra...
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