Stocks & Investing
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Stocks and Investing
Tue, March 6, 2012 Blue Gold Beverages, Inc./Polymers Recycling Business: Focused on Long Term Success
March 06, 2012 08:00 ET
Blue Gold Beverages, Inc./Polymers Recycling Business: Focused on Long Term Success
GREENWOOD, SOUTH CAROLINA--(Marketwire - March 6, 2012) -Blue Gold Beverages, Inc. (PINKSHEETS:BGBV) decision to sharpen the company's focus and dedicate all of its resources and energies on the polymer reclamation business, is attributable to the international boom in commodities prices worldwide. The polymer recycling business enjoys competitive profit margins due to the high demand for Polymers such as Nylon 6,6 and PET. Blue Gold Beverages clients issue Letters of Credit with major North American banks to guarantee payment, contrary to the beverages business, which is dependent on retail sales.
The International and Domestic demand for industrial grade polymer waste such as Nylon 6,6 and PET is growing rapidly in part due to the relentless rising prices of raw materials such as petroleum. Blue Gold Beverages is now better positioned in the market place, due to its singular business focus, to take full advantage of all financing opportunities available. This factor alone gives the company and its shareholders the best chances for long term success.
ABOUT THE COMPANY: Blue Gold Beverages is reseller industrial polymers, the company has identified the worldwide shortage in certain types of polymers, and specifically petroleum based polymers. As a result of this the company is focusing its efforts in the reclamation of polymers, specifically Polyethylene Terephthalate and commercial grade Nylon 6,6 waste.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
