Business Services Industry
FDA-Approved Materials: American Marketing & Sales d/b/a Innovative Designs Launches New Green Line of Products
Business Wire, Jan 30, 2008
LEOMINSTER, Mass. -- American Marketing & Sales d/b/a Innovative Designs, a wholly-owned subsidiary of Datameg Corp (OTCBB:DTMG), today announced the successful development and introduction of an extensive line of environment-friendly injection-molded Green Line[TM] food-packaging/caterware products.
Innovative Designs has received orders or commitments to purchase the new Green Line of products from Whole Foods, the U.S. House of Representatives purchasing office in Washington, D.C., and several schools and colleges including the University of Massachusetts.
The new Green Line products consist of 25 items including various sizes of trays, party platters, and serving bowls with lids. The non-toxic products qualify for the Green label inasmuch as they are manufactured from FDA-approved polypropylene and polystyrene resins that contain up to 40 percent recycled plastic content, according to Leonard Tocci, president of Innovative Designs.
"Innovative Designs is one of the first manufacturers in the industry to introduce injection-molded caterware and food service products worthy of the prestigious 'recycled' logo mark," said Tocci, Innovative Designs' founder as well as a major Datameg Corp. shareholder. "Not surprisingly, our Green Line of products has been well-received in the marketplace by responsible companies and a new generation of green- conscious buyers looking for sustainable ways to conserve our natural resources and respect our environment."
Pricing for the company's Green Line products compares favorably with conventional product offerings.
"All in all, we've developed a very economical product line which, we expect, will assist in opening new channels of distribution and new customer opportunities, as well as satisfy the green needs of our established customer base," Tocci said.
Jim Murphy, CEO of parent company Datameg, agrees that Tocci's strategy is successful since the new product line already is attracting new customers and greater industry attention.
ABOUT DATAMEG
Datameg Corporation (OTCBB:DTMG) is a diversified holding company with subsidiaries in the technology industry and in food packaging products. Datameg's wholly-owned subsidiaries Net Symphony and QoVox Corporation design, develop and offer network-wide fault identification, fault isolation and voice quality assurance products and critical real-time network health and performance monitoring services for both providers and end-users of Internet telephony, now commonly referred to as Voice Over Internet Protocol (VOIP). Computer Ctr.Com provides a wide range of technology solutions and is a strategic technology supplier to QoVox and Net Symphony. American Marketing and Sales, Inc. d/b/a Innovative Designs markets finished food packaging products nationwide to major supermarkets and food retailers. For more information on our subsidiaries, please visit our web site at www.datameg.com/ir.html
Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products and changes in the VOIP and technology industries. These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
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