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ETR, BPAC, ETRM, EFSC - Stock Alerts! from Stock-Pr.com - Entergy, Biopak Environmental Solutions, EnteroMedics, Enterprise Financial Services

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  Biopak Environmental Solutions Inc. (OTC:BPAC)

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.

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.”

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

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Entergy Corporation (NYSE:ETR)

ETR and the America’s WETLAND Foundation will release tomorrow, Wednesday, Oct. 20, a landmark study by McKinsey & Company with startling data that shows the need for billions in annual investments to sustain America’s Energy Coast of Alabama, Mississippi, Louisiana and Texas. 

The study, which will be presented by McKinsey during the America’s Energy Coast policy forum at the conclusion of the DELTAS2010: World Deltas Dialogue conference, has been eight months in the making and looks at assets across 77 coastal parishes and counties in the Gulf region. The report shows that without large-scale adaptation efforts, the region’s gross domestic product may be unable to keep up with the costs of protecting nationally critical assets. 

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EnteroMedics Inc. (NASDAQ:ETRM)

ETRM, the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, today announced that it has entered into binding securities purchase agreements in a private placement transaction with several accredited investors for a Series A non-voting convertible preferred stock offering, with gross proceeds of $6.3 million, before deducting offering expenses, and expects to close the transaction. The offer includes the sale and issuance of approximately 3.4 million shares of the convertible preferred stock at a purchase price of $1.72 per share, the closing bid price of ETRM's common stock as reported on the Nasdaq Capital Market on September 29, 2010. Each share of preferred stock is convertible into one share of ETRM's common stock. ETRM intends to use the net proceeds of this offering for general working capital purposes. Canaccord Genuity Inc. acted as the sole placement agent for the offering.

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Enterprise Financial Services Corp (Nasdaq:EFSC)

EFSC reported net income of $5.0 million for the quarter ended September 30, 2010 compared to net income of $4.7 million for the quarter ended September 30, 2009. After deducting dividends on preferred stock, EFSC reported net income of $0.29 per fully diluted share for the third quarter of 2010 compared to $0.31 per fully diluted share for the third quarter of 2009.

Third quarter 2009 results included a $5.3 million pre-tax gain from the extinguishment of debt related to loan participation accounting adjustments.

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