ShotPak, Inc. (Pink Sheets:SHTP) today announces a technology transfer to the Beverage Pouch Group of Sarasota, Florida. The Directors of ShotPak Inc. at a special meeting of shareholders approved the technology transfer and certain assets to the Beverage Pouch Group of Florida. The transfer of technology covers their very popular flavored cocktail formulae and technical know how for filling and mixing of these products.
ShotPak Inc. offers four Ready-to-Drink cocktails, the popular Kamikaze, the Purple Hooter, the Sour Apple and the Lemon Drop. All products are premium vodka based flavored shots. The vodka goes through a quadruple distilling process to meet the required technical standards for the shelf stable formulae.
Bill Marin, President of ShotPak, Inc. commented, "This technology transfer was the next step in growing the Company and expanding into more markets at minimal cost. We will receive a royalty payment per case produced and 15% equity in BPG, thus ensuring our growth beyond the present flavors and straight product line. BPG will manage the total production and marketing of the products."
R. Charles Murray, CEO of BPG further commented, "This technology transfer deal between our Companies complimented the synergies that both Companies have. BPG already sells pouches for wine based cocktails and thus the ShotPak vodka based cocktails will compliment this market segment seamlessly. BPG offers both the patented pouch and machinery thereby ensuring that ShotPak will always be the low cost producer, while having the latest pouch technology available. In addition we plan to continue selling ShotPak products into the international market place where BPG already trades on a daily basis."
Information on ShotPak, Inc.:
ShotPak, Inc., an Irvine, California based company, since 2003, is a leading distiller and innovator of cocktails and straight spirits in patented soft portable single serving standup pouches. With over 50 years of combined experience and expertise in alcohol distilling, distribution and field marketing, retail placement and promotion as well as consumer trial and adoption, they prove to be a forerunner in the single serve Ready to Drink (RTD) alcohol category. With the successful launch of four premium vodka flavored drinks and four premium distilled spirits in January 2007, ShotPak has instantaneously captured national attention in the rapidly emerging $110 billion plus alcohol beverage industry, with distilled spirits showing an 8.1% increase. They are recognized for being visionaries with their award-winning spirits and revolutionary packaging which gives consumers a cost effective way to purchase spirits without the bulky bottle.
ShotPak products are packaged in single serving, lightweight, break-resistant, recyclable plastic pouches with a built-in spout, making it easy to pour anywhere. ShotPak products are ideal for camping, boating, golfing, concerts, sporting events, or for anyone on-the-go. Made with recyclable plastic instead of glass, ShotPak products provide a safe alternative especially during summer activities. ShotPak, Inc. is immersed in a national roll-out through strategic distribution channels and is expected to be available in most major markets this year. For more information about ShotPak, Inc. please visit us at: www.shotpakinc.com.
Information on Beverage Pouch Group:
Beverage Pouch Group, a Sarasota, Florida based company, since 1996, is the leading provider of StandUp pouch machinery through its parent Company PPi Technologies Global, in North America. BPG is a prolific innovator of pouch designs and structures for life style beverages, including Natural Flavor Waters, all types of cocktails and straight spirits, wines and draft beers in patented soft portable single serve and sustainable StandUp pouches. The Beverage Pouch Group is truly global with plants in Germany, Korea and China. BPG’s pouch machinery is the industry standard.
Beverage Pouch Group offers a full range of Lifestyle Beverages to the consumer in sustainable StandUp pouches. The Beverage Pouch Group machines and StandUp pouches are marketed through four divisions: ShotPaQ for liquors; BevPaQ for natural flavor waters, teas, coffees and energy drinks; VinoPaQ for wines; and BeerPaQ for draft beers
BevShot is BPG’s contract packing division. A customer brings their proprietary recipe and BPG’s BevShot division then utilizes their machinery and process’ to fill that product into patented pouches. This arrangement saves a small company precious capital at times when resources are needed to grow their business by allowing them to meet the financial requirements to begin production without the cost of purchasing their own equipment.