TFZP - ThermaFreeze Products Corporation Commences Trading
Wednesday September 6, 5:53 pm ET
Announces Introduction of Breakthrough Cold-Chain Management Product Line
MOBILE, AL--(MARKET WIRE)--Sep 6, 2006 -- ThermaFreeze Products Corporation, a leading supplier of cold-chain management products (Other OTC:TFZP.PK - News), announced today the Company has commenced trading on the Pink Sheets.
ThermaFreeze Products Corporation has developed products that maintain a transit temperature range beyond the capability of existing technology used in the shipment of perishable food products and pharmaceuticals.
The Company's flagship products, ThermaFreeze(TM) refrigerant and ThermaBarrier(TM) thermal packaging material, are technologically advanced, highly efficient and patent protected.
Demand for perishable product protection is growing rapidly. The U.S. Food & Drug Administration and the U.S. Department of Agriculture are requiring pharmaceutical and food producers to prove temperature compliance all the way to the consumer. Old technologies, such as gel packs, Styrofoam coolers and dry ice are at the end of their product maturity cycle.
Perishable shippers are seeking products that assist them in achieving federal compliance and lower spoilage rates. Over the last 60 years, the packaging industry stopped development beyond gel packs and Styrofoam coolers. Use of these products results in high spoilage rates, both hidden and overt.
To lower spoilage rates, shippers must apply thicker and heavier packaging at higher purchase costs and freight rates.
A ThermaBarrier(TM) 40-pound box liner weighs only slightly more than two ounces. When using ThermaFreeze(TM) alone, twenty-four hour frozen shipments are completed with near zero spoilage. When used in conjunction with ThermaBarrier(TM) allowable transit time is increased to 36 - 48 hours or more.
ThermaFreeze(TM) is a major breakthrough in cold-chain management. ThermaFreeze(TM) is flat and flexible even when frozen. In packaging, ThermaBarrier(TM) is thin walled, lightweight, and provides high thermal protection.
The Company is addressing a total food production market in excess of $2 trillion, with at least $154 billion perishable. Of $96 billion in pharmaceutical production, $39 billion required perishable protection during shipment.
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Contact:
ThermaFreeze Products Corporation
Shareholder Communications
Joseph Murray
251-653-0000
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Source: ThermaFreeze Products Corporation
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