The writing is on the wall. Biopack is transitioning from a development company into an emerging growth entity. Over the last 12 months or so, the Company has been focusing on its operations at its new Jiangmen, China factory. With testing complete and manufacturing lines running smoothly, the Company felt comfortable once again accepting orders. We look forward to continued revenue growth for the remainder of 2009 and into 2010 and beyond.
HONG KONG–(BUSINESS WIRE)–Biopack Environmental Solutions Inc. (OTCBB: BPAC – News), a leading designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce second quarter and year-to-date revenue results.
For the quarter ended June 30, 2009, Biopack reported gross revenue of $403,101 compared to gross revenue of $123,192 in the second quarter of 2009, an increase of $279,909 or 227%. For the six months ended June 30, 2009, Biopack reported gross revenue of $663,498 compared to $164,430 during the same period in 2008. This represents an increase of $499,068 or 304%. This increase in sales is primarily the result of Biopack’s renewed sales and marketing efforts, particularly with respect to packaging orders secured in the European market, Biopack’s traditional stronghold.