niiice, this is nice to see also, maybe they creating a new pouch type product for Ziploc
from november on CTIB. The Company is also engaged in a development and evaluation program for zippered bags with a consumer products company and has produced and sold some pouches to this company as part of the evaluation program. The Company has not received a purchase commitment from this company, but anticipates a decision on the project prior to December 31, 2007.
The Company now has one new pouch converting machine in operation for the production of this new line of products and has five additional converting machines on order. All five additional machines are scheduled for delivery to the Company prior to December 31, 2007. When fully installed and operating, these six converting machines will have the capacity to produce approximately 120,000,000 to 168,000,000 pouches annually.
