Imagin Molecular to Focus on Innovative Biodegradable Plastic Bottle Technologies and Divest of Pet Scan Activities and Investments
CALGARY, Alberta, Mar 9, 2011 (GlobeNewswire via COMTEX) -- Imagin Molecular Corporation (IMGM.OB) (the "Company") has agreed to change its corporate name to The Planet Bottle Corporation as approved by consent of a majority of the Company's shareholders. The Company's management has decided to focus on its creative solution for introducing biodegradable plastic bottles to the food and beverage industry.
As the Company pursues its business objectives it will transfer all of its operations and investments in the imaging business to IMAGIN Diagnostic Centres, Inc. (IDC) a Canadian company. Included in this plan is a reversal of the plans to acquire and/or develop cardiac and cancer imaging centres across Canada. The Company has reversed the planned transaction with IDC wherein IDC acquired control of the Company through the conveyance of 3,100,000 Class B Convertible Preferred Shares of Positron Corporation in exchange for 310,000,000 common shares of the Company's common stock.
About Imagin Molecular Corporation D/B/A The PLANET BOTTLE:
Imagin Molecular under its newly above name "The PLANET BOTTLE" is in the process of developing and introducing a biodegradable plastic bottle which it will brand "The PLANET BOTTLE... The GREENEST Bottle on the Planet". The PLANET BOTTLE is soliciting brand owners of beverage companies to convert from conventional PET (polyethylene terephthalate) plastic bottles to bottles that are biodegradable upon disposal. The company's second initiative is a captive subsidiary, Worldwide Franchise Group that owns the Canadian master franchise right for Sign-a-Rama (Canada) and is developing strategic alliances with developers of franchised concepts across Canada.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Imagin Molecular Corporation are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
For an update on its activities on becoming The GREENEST Bottle on the Planet please visit www.theplanetbottle.net. Or follow us on twitter @theplanetbottle. Or contact Patrick J. Rooney, CEO by e-mail at firstname.lastname@example.org.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Imagin Molecular Corporation
Who we are
The Planet Bottle Corp is an International company dedicated to a greener planet through the development of eco friendly solutions to the PET plastic bottle packaging world.
The PLANET BOTTLE has the world’s only technology based on 25 years of science that will oxo-biodegrade the PET plastic bottle over a programmed period of 10 to 20 years. The oxo-biodegradable technology was developed by Wells Plastics of the UK. Wells has a history of operations of 27 years and is considered a world leader in developing masterbatch additives to the plastic industry. The oxo-biodegradation of plastics is the fastest growing business segment for Wells.
PET is an important versatile plastic used to produce a wide spectrum of packaging for beverages, food, personal and home care, pharmaceuticals, as well as other consumer and industrial products.
It is reported that 400 billion PET plastic bottles are filled annually mainly with consumer food, drink, household and health/beauty aid convenience products, 300 million of these PET plastic bottles are discarded to landfill or the environment. Every piece of PET plastic ever made still exists somewhere in our universe and it will be there for hundreds of years.
Until now…..Give your customers what they want, a solution against plastic pollution of the planet, Choose The Planet Bottle…for all of your PET packaging.
Our personnel draw from a well of globally experienced senior executives and concerned “eco advocates” poised to challenge conventional thought with our approach to the waste management of PET plastics.
WELLS PLASTICS LTD
Wells Plastics is a specialist additive masterbatch company based in the heart of the United Kingdom.
WESTBRIDGE PET CONTAINERS
At Westbridge PET Containers we take pride in using our package development and processing skills to produce innovative bottles that tend to 'push the envelope' of plastic bottle design.
Constar is a leading supplier of PET containers and is focused on providing solutions for the opportunities and challenges of greatest concern to food and beverage companies.
At Arctic Chiller, we offer our clients the opportunity to take advantage of the growing popularity of bottled water.
CARIBBEAN BLUE WATER
Caribbean Blue Natural Spring Water aspires to be the #1 consumer choice in an emerging bottled water market. Providing a superior tasting natural spring water and producing a safer, eco-friendly and environmentally responsible product.
Apani is a premium purified water with GREAT TASTE and QUALITY 365 days a year! We take the additional steps to give you the best drinking water possible through our 7-step purification process.
Boreal is a personalized bottled water company specializing in premium custom bottled water for your company. Whether it’s for publicity, promotion, marketing, internal use or a specific event, Boreal custom labeled bottle water is a one-stop shop, a turnkey operation offering customers fully integrated services literally from the ground up.
MT. OLYMPUS (MTO)
Natural Spring Water
Bottled and distributed by Mount Olympus Waters, Salt Lake City, Utah
Sold in Grocery,C-Stores and Private Label classes of trade i.e. Albertsons, Harmon’s, Dan’s, Dicks and Associated Grocers.
Bottled and Distributed by Earth 2O , Portland, Oregon and Grand Springs, Alton Virginia
Specialty markets, Outdoor Festivals, Catering, Convention Center etc.
A Specialty High end, Spring water
Every purchase includes a Charitable Contribution
As a co-packaging facility, private label bottling company, we offer natural spring water which has exceptional taste.We produce USP grade purified water.
KÖKSAN PET PACKAGING IND CO
KÖKSAN is the name of understanding which has been locomotive of this sector with its experience more than a half century and it has been one of the leaders in this ageless and continuously developing sector.
VELENDO is a family company by origin that was founded in 1993 in Asia. Since its foundation, the production of PET (polyethylene teraphthalate) Preforms, Bottles and Caps has been the core business of our company.
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