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  • AAI, BPAC, KEG, IGT - Stock Alerts! from Stock-Pr.com - AirTran Holdings, Biopack Environmental Solutions, Key Energy Services, International Game Technology 0 comments
    Oct 20, 2010 10:10 AM | about stocks: LUV, IGT, KEP

     

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      Biopak Environmental Solutions Inc. (OTC:BPAC)

    BPAC, a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce it has entered into an agreement with Solupack Sistemas de Embalagens Ltda (“Solupack”) for distribution in Latin America.

    The distribution agreement will include the Latin American countries of Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.

    With their head office in Sao Paulo, Brazil, Solupack is an established distributor of many types of packaging products and machines throughout Latin America. They will use BPAC’s products to launch into the biodegradable and environmentally friendly packaging market.

    Brazil is the world’s largest producer of sugarcane, and its related waste by-product called “Bagasse” which is the source of BPAC’s products, but has few manufacturers of packaging products using this ingredient. Brazil uses most of this waste as an energy source by burning it.

    Mauro Kernkraut, a founder of Solupack, said, “Solupack is delighted to have Biopack as our new strategic partner. BPAC ’s fully compostable packages represent an exceptional opportunity for us to distribute in Latin America their innovative products which are very much in tune with our philosophy to the conservation of our global environment with better packages. This partnership will strengthen and expand our presence in the region and contribute to our long-term growth objectives.” BPAC Latin America’s new website should be launched by Solupack within the next few weeks.

    Gerald Lau, CEO of BPAC says, “We are extremely happy to have Solupack as our new distributor for Latin America. They have very established operations there, and are making a strong commitment to expanding their market with the sale of our products.” He continues, “Given the fact Brazil is the world’s largest producer of sugarcane and Bagasse, it is surprising that their market for Bagasse packaging is relatively underdeveloped. We believe this shows the exceptional quality of Biopacks products around the world. Latin American countries are also a huge source of all the fresh fruits and vegetables exported all year long on a global basis. The packaging needs for these producers are immense, and we look forward to penetrating this market.”

    BPAC, together with its subsidiaries, develops, manufactures, distributes, and markets bio-degradable food containers and disposable industrial packaging for consumer products. BPAC's food containers and industrial packaging products include plates, bowls, boxes, trays, shoe supporters, and cases for electronic devices. BPAC sells its products through direct marketing, agents, distributors, legacy clients, and attendance at trade shows and expositions to the multi-national corporations, supermarket chains, and restaurants located in North America, Europe, and Asia. BPAC is based in Tsim Sha Tsui, Hong Kong.

    To learn more about BPAC visit:  http://www.biopackenvironmental.com

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    AirTran Holdings Inc. (NYSE:AAI)

    AAI announced this week that it is the first airline to serve vitaminwater zero™ squeezed (lemonade) and vitaminwater zero™ XXX (acai-blueberry-pomegranate) as the newest additions to the airline's complimentary beverage lineup. AirTran Airways boards 19 types of Coca-Cola (NYSE:KO) products – more than any other airline in the world and will continue to provide a wide variety of complimentary and buy onboard Coca-Cola products on all flights.

    AAI, through its subsidiary, AirTran Airways, Inc., provides scheduled airline services in the United States. AAI operates scheduled airline service primarily in short-haul markets in the eastern United States, with flights originating and terminating at its hub in Atlanta, Georgia.

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    Key Energy Services Inc. (NYSE:KEG)

    KEG closed the previously announced acquisition of certain subsidiaries from OFS Energy Services, an ArcLight Capital Partners, LLC company, as well as certain related assets. The purchase price consisted of 15.8 million shares of Key common stock and $75.8 million cash, subject to certain post-closing adjustments.

    KEG, together with its subsidiaries, operates as an onshore rig-based well servicing contractor. KEG operates in two segments, Well Servicing and Production Services. The Well Servicing segment offers rig-based services, which include the maintenance, workover, and recompletion of existing oil and gas wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives.

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    International Game Technology (NYSE:IGT)

    IGT a global leader in creating the major games that players love and the network systems that improve the player experience, will bring the first skill-based, spinning-reel slot for the U.S. market to the 2010 Global Gaming Expo (G2E) on Nov. 16-18 at the Las Vegas Convention Center. The Reel Edge™ series gives spinning-reel players the ability to control and stop the reels as they attempt to create wins.

    IGT designs, manufactures, and markets electronic gaming equipment and systems products worldwide. IGT offers casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos; central determination system machines connected to a central server that determines the game outcome, encompassing video lottery terminals used primarily in government-sponsored applications and electronic or video bingo machines; amusement with prize games; and pachisuro machines.

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    Stocks: LUV, IGT, KEP
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