Innovative Bottles, Inc.
SAN DIEGO, Calif. -- July 15, 2014 – Innovative Bottles, Inc., (“Innovative Bottles” or the “Company”) a company dedicated to creating sustainable, ECO-friendly products, today announced that it has engaged Capital Services Group to provide strategic financial advisory services including investment packaging and assistance in undertaking a direct public offering of its shares. The Company hasdeveloped and patented bio-based materials that are alternatives to plastic whichreduce greenhouse gases by 32% as contrasted with industry standards and use 42% less energy in production over polypropylene. Innovative Bottles has initially targeted sales of itsbottles and containers to thepharmaceutical and hospitality industries.
The offering will be made available to the general public, its customers and other interested parties, under direct solicitation rules outlined in the new Rule 506(c), which eliminates the prohibition against general solicitation and advertising in connection with offerings under Rules 506 and 144A under the Securities Act of 1933.
Thomas Carter, CEO of Capital Services Group, said “Innovative Bottles is developing an important response to the plastics industry, where annual production has increased more than 300 million tons annually. While plastic has been an integral aspect of the global economy, it has real issues that need to be addressed, including waste accumulation in landfills and natural habitats, physical problems for wildlife resulting from ingestion and entanglement in plastic, the leaching of chemicals from plastic products and the potential for plastics to transfer chemicals to wildlife and humans, as well as the fact that its impact on fossil fuel production and higher energy requirements to produce it. Innovative Bottles is bringing a real solution to these problems in a focused manner, initially on the pharma and hospitality industries, with PLA-based bottles which are made 100% from plants, arerenewable, can be composted within 45-90 days, does not emit toxic fumes, is less expensive and performs equal to petroleum-based plastics with a fraction of the energy cost to create it.”
Innovative Bottles intends to initially roll-out its commercialization efforts in the North American pharmaceutical and hospitality markets, which consume more than 4 billion bottles annually. On a global basis, global demand for primary pharmaceutical containers is projected to increase 6.6% annual to a $57 billion market by 2017.
Danen Butler, CEO of Innovative Bottles, Inc., stated that “Innovative Bottles’ solutions are addressing real business and environmental challenges facing our customers, while squarely hitting the hot trending issues of our day in regards to sustainability and using renewablematerials. This supports the major pharmacies supply chain green initiatives to help reduce their carbon footprints. We are excited to engage Capital Services Group to strategically position our company’s capital raise. This will allow us to entertain the positive reception our products are getting with the major chains and make a difference in our planet.”
Forward Looking Statements
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward- looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Innovative Bottles Inc.
Innovative Bottles, Inc. (the “Company”) is in the business of developing a proprietary technology for manufacturing eco friendlyproducts. The Company has been awarded two patents with several other patents pending in disposable medical products and has FDA approval. For more information go to www.ibottles.net.
About Capital Services Group
Based in San Diego, California, Capital Services Group was formed to provide emerging growth companies with resources and support to more efficiently access growth capital and investor support, including investment packaging, direct public offering, shareholder communications and a planned online investor marketplace. For more information go to www.capservegroup.com.
Innovative Bottles, Inc.
Capital Services Group, Inc.