China Bottles Inc. Wins $3.3 Million in New Contracts

Tag : blow-molding machine
China Bottles Inc. Wins $3.3 Million in New Contracts

QINGYUAN, Guangdong, China, July 17 /Xinhua-PRNewswire-FirstCall/-- China Bottles Inc. , a leading plastic packaging solutions andplastic bottle production equipment company in the People'sRepublic of China ("PRC") today announced that its June contractsamounted to approximately $3.3 million from both domestic andoverseas clients. This figure represents a three fold increase overthe aggregate value of contracts signed in June 2007. Due tovariations in the terms of different contracts, this revenue willbe received at different times from different parties throughoutthe next several months.
Of the Company's new contract wins, 56% were signed with overseasclients and were comprised primarily of mold and bottle blowingmachine orders from Australia, Cambodia, Sri Lanka, Kyrgyzstan,Senegal and Algeria. Aside from Australia, all of these countriesrepresent new markets for China Bottles. The remaining contractswere from domestic clients and were dominated by orders forpolypropylene bottle blowing machines and molds for the productionof pharmaceutical packaging.
"We are pleased to see our successful entry into the pharmaceuticalpackaging application market as well as the expanding geographicreach of our sales and marketing network," commented Mr. ChonghuiZhao, CEO of China Bottles Inc. "We believe that recent increasesin business are a credit to our efficient manufacturing practicesand superior quality products. As we are now operating at fullcapacity, we are currently planning expansions to our facilities toallow for further growth."
About China Bottles Inc.
China Bottles Inc. ("the Company") has been a leading manufacturerof polyethylene terephthalate (PET) and polypropylene (PP) blowmolding packaging equipment and molds in China for fifteen years.The Company has an additional established expertise in theproduction of beverage bottles and pharmaceutical packaging. ChinaBottles produces, markets and sells a full range of packagingproduction equipment including high speed injection moldingmachines for blow molding of PET/PP bottles and molds which shapeand form the bottles. The Company also produces bottles that areprimarily made of PET/PP which is a plastic resin that is arecyclable, durable plastic with strong resistance to heat,moisture and diluted acid. The Company is headquartered inQingyuan, Guangdong province in PRC China, and operates throughChina Bottles' affiliate Company, Guozhu Group Co., Ltd. exportingits products internationally to more than twenty countries
Safe Harbor Statement under the Private Securities LitigationReform Act of 1995
This press release contains "forward-looking statements" within themeaning of the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. All statements other than statementsof historical fact in this announcement are forward-lookingstatements, including but not limited to, the company's ability toobtain the necessary financing to continue and expand operations,to market its products in new markets and to offer products atcompetitive pricing, to attract and retain management, and tointegrate and maintain technical information and managementinformation systems; compliance with laws and regulations of thePRC, the effects of currency policies and fluctuations, generaleconomic conditions and other factors detailed from time to time inthe company's filings with the United States Securities andExchange Commission and other regulatory authorities. The companyundertakes no obligation to publicly update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise. China Bottles Inc.
CONTACT: Crocker Coulson, President of CCG Investor Relations Inc.,1325

Avenue of the Americas, Suite 2800, New York, NY 10019,+1-646-213-1915, or

email, Crocker.coulson@ccgir.com , for China Bottles Inc.
Web site: http://www.ccgir.com/
back