Major chains like McD, and YUM, pay a couple of cents per paper bag because of the volume they purchase.
If they want to go the VeriSeald route, they could have that bag produced for them, by their current bag supplier, at around 5 cents per bag.
Doing the math, based on the PR, which says:
“at the production level of one billion bags, the Company can generate over two hundred millions U.S. dollars in net profits per year”.
NET PROFITS
So, this means VinaFilms is clearing .20 per bag to get a net profit of $200M on a billion bags, which means cost to the restaurants is around .25 per bag?
No way anyone will pay .25 for a bag. No way.
We need more information about how this works.
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