Environmental Packaging Technologies Holdings, Inc. (OTC Pink: EPTI) is engaged as a flexitank manufacturer and is the only producer within the United States. Flexitanks are the least expensive and most environmental singe use container for bulk liquid shipping. Shares of the flexitank manufacturer are rallying 11.50%, through afternoon trading on Monday, June 12, 2017. Over the past month, Environmental Packaging Technologies Holdings, Inc. has seen average daily volume of 7,416 shares. However, volume of 415,376 shares or dollar volume of $523,373, has already exchanged hands on Monday.
Shares of Environmental Packaging Technologies Holdings, Inc. are rallying today, after the company announces it has secured its initial sales of its new LiquiRide Flexitank product. The LiquiRide tanks sales were sold to “several of the world’s largest beverage companies,” and are capable of transporting juices and other liquids. Here is the full press release detailing of the initial sales:
Environmental Packing Technologies Holdings, Inc. Press Release:
HOUSTON, TX / ACCESSWIRE / June 12, 2017 / After one year of extensive testing and trials, Environmental Packaging Technologies Holdings, Inc. (EPT) (OTC PINK: EPTI) has begun delivering its newly introduced LiquiRide™ flexitanks to several of the world’s largest beverage companies. As the first flexitanks that work within refrigerated shipping containers and refrigerated tractor trailers, EPT’s LiquiRide™ tanks make it possible to ship juice and other liquids requiring temperature control in a flexitank.
“I believe that LiquiRide™ is transforming this industry,” said David Skriloff, CEO. “LiquiRide™ opens up new markets such as fresh juices, juice concentrates, milk – and virtually any liquid requiring temperature control – that have previously been unable to take advantage of the economic and environmental benefits of flexitank shipping.”
Environmental Packaging Technologies Holdings, Inc. (EPT) (www.eptpac.com) is a publicly traded USA based global logistics company (OTC PINK: EPTI).
EPT is a pioneer in the field of flexitank manufacturing, and it is the only company manufacturing its products in the US. A flexitank is a soft sided single use container enabling bulk shipment of non-hazardous liquids. Flexitanks are considered to be the least expensive and most environmentally friendly way to ship bulk non-hazardous liquids over long distances. One flexitank can hold up to 24,000 liters of liquids.
With the introduction of its patent-pending LiquiRide™ product, EPT opened the market for flexitanks to be utilized in 40′ and 53′ containers and trailers in both dry and refrigerated configurations allowing for the first time shipments of liquid requiring temperature controls.
Customers use EPT’s state-of-the-art flexitanks to ship a wide variety of liquids including latex and other chemicals, edible oils, wine, petroleum based products and many others. EPT provides flexitanks to shipping companies, logistics companies, manufacturer suppliers and consumer product manufacturers in more than 50 countries around the world. It has offices in the US, South Korea, the Netherlands and Argentina.
Forward – Looking Statement
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the transport/ logistics industry, (vii) our inability to anticipate the future market demands and future needs of our customers, and (viii) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.