NEW YORK, Jan. 16, 2009 (GLOBE NEWSWIRE) -- Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview(r) (EIO(r)) on Perf Go Green Holdings, Inc. (OTCBB:PGOG). The full 60-page report can be found at www.crystalra.com.
Perf Go Green Holdings, Inc. ("Perf Go Green" or "the Company") is focused on the global distribution and marketing of oxo-biodegradable plastic products that are eco-friendly, nontoxic, and compliant with ASTM D6954-04 and food contact standards. During 2008, the Company launched and marketed a total of seven biodegradable plastic products, comprising three varieties of household trash bags, plastic drop cloths, Doggie Duty(tm) bags, cat pan liners, and commercial trash bags -- all of which biodegrade and incorporate recycled plastics.
To accelerate the degradation process, Perf Go Green's plastic products are manufactured using a prodegradant additive. Based on environmental claims made by the manufacturer of the additive, Perf Go Green believes that its products are degradable in a landfill setting within 12 to 24 months, leaving behind no toxic residue. As such, the Company anticipates that its products can offer a practical and viable solution to minimize plastic waste in the global environment.
To promote consumer awareness about Perf Go Green and its products, the Company is currently implementing a diverse marketing campaign, including television, radio, national print, and online marketing, as well as search engine optimization and retail store promotions. Perf Go Green has also established a nonprofit foundation, called Go Green 21.0, to foster and promote green education initiatives worldwide. Based on agreements with major national retailers, Perf Go Green has launched products in over 22,000 retail stores to date. Headquartered in New York City, the Company began trading on the Over-the-Counter Bulletin Board (OTC.BB) in May 2008.
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
About Crystal Research Associates, LLC
Crystal Research Associates, LLC is an independent research firm that provides institutional-quality, fee-based research to small and mid-cap companies. Crystal Research Associates' unique and novel product, the Executive Informational Overview(r) (EIO(r)), is free of investment ratings, target prices, and forward-looking financial models. The EIO(r) presents a crystal clear, detailed report on a company (public or private) in a manner that is easily understood by the Wall Street financial community. The EIO(r) details a company's product/technology/service offerings, market size(s), key intellectual property, leadership, growth strategy, competition, risks, financial statements, key events, and other such fundamental information. Crystal Research Associates has offices in New York City, Delray Beach, Montreal, and Toronto. Crystal Research Associates has been compensated by the Company in cash of forty thousand dollars and two hundred thousand Warrants/Options for its services in creating this report, for updates, and for printing costs.
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including, limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including forms filed with SEC.
These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates assumes no obligation to update any of the forward-looking statements in this release.