NEW YORK, Nov. 24, 2008 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB:PGOG) (www.perfgogreen.com), a marketer and distributor of biodegradable plastics, announced today a partnership with Diversified Brands to broker and represent Perf Go Green to retailers throughout Canada.
Founded in 2004, Diversified is a brand development and marketing company with offices in Vancouver, British Columbia and Ajax, Ontario. The firm was recognized in 2007 and 2008 in Profit Magazine's "Hot 50," which ranks the fastest growing companies in Canada each year.
"This is a great new opportunity for Perf Go Green," said Chairman and CEO Tony Tracy. "Diversified's management team has a total of 80 years of experience in the Canadian retail market. Their full line of services, combined with their enthusiasm for our mission of protecting the environment, will be a perfect complement to the marketing efforts we already have in place in the U.S."
Geoff Acheson, CEO of Diversified Brands, added, "We specialize in using our network of relationships with retailers of all sizes to introduce select new brands to the Canadian marketplace and help them grow their presence. Canadians are especially interested in earth-friendly products so we're confident that Perf Go Green will be a big hit with both the nation's retailers and consumers."
Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products were honored for their design quality and innovation. Since Perf Go Green's products began shipping in June 2008, they have become available online and nationwide in the U.S. at stores with a total of more than 18,000 retail outlets.
Perf Go Green products incorporate recycled plastics that are combined with an oxo-biodegradable proprietary application method to produce the film for its bags. Based on environmental claims statements made by the manufacturer of the oxo-biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade within two years, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time, similar to a tissue box.
About Perf Go Green
Perf Go Green Holdings, Inc. (OTCBB:PGOG), www.perfgogreen.com, is engaged in the distribution and global marketing of eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green's corporate name reflects its "Go Green" mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
The Perf Go Green logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5503
The GoGreen Tall Kitchen Bags logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5504
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.