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News for 'PDSC' - (Produce Safety and Security Signs Agreement to Purchase New Manufacturing Equipment and Inventory to Produce Biodegradable Fruit and Vegetable Trays)
PRESCOTT, AZ, Aug 29, 2005 (MARKET WIRE via COMTEX) -- Produce Safety & Security International, Inc. (OTC: PDSC) today announced that it has signed a purchase agreement to acquire a Fruit & Vegetable Tray Manufacturing Machine and the inventory of finished goods, for delivery in the September/October timeframe to its manufacturing facility to be located in Prescott, Arizona. The agreement contains provisions for the training of two PDSC employees at the equipment's present location. The Seller has also agreed to provide order fulfillment from existing inventory during the transition.
According to Jerre Maxwell, President of Distribution and Marketing for PDSC, "The capability to immediately ship existing orders is a most important first step in the ongoing marketing and sales of the biodegradable trays to tomato and fruit packers in Mexico, Chile, Canada and the United States." He added, "These biodegradable trays are yet another example of our dedication to provide state-of-the-art food safe protection. We utilize, where required, EPA registered Ozone, quaternary and enzyme based formulations such as those contained in our Ozone, Spherequat(R) and MedicKleen(R) products, to remove bacterial pathogens and extend product shelf life."
About Produce Safety and Security International, Inc.
Produce Safety and Security intends to eliminate food safety and sanitation issues and provide methods to improve procedures to minimize risk and liability. Produce Safety and Security's comprehensive program is a proactive approach to food safety. The Company intends to offer a variety of products and services that provide safer food & produce products, better quality, reduce shrinkage and enhance shelf life.
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