NEW YORK, Oct. 24, 2008 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB:PGOG) (www.perfgogreen.com), a marketer and distributor of biodegradable plastics, announced today that its 13-gallon kitchen trash bags, 30-gallon lawn and leaf bags, and 39-gallon garage bags will soon be available for purchase through the Do it Best Corp. buying cooperative of hardware and home improvement stores. The Do it Best network encompasses over 4,100 independently owned stores in the United States and 47 countries, as well as doitbest.com, their e-commerce website.
"Do it Best offers a strategic new channel for Perf Go Green to grow our business through thousands of hardware and home improvement stores around the globe," said Chairman and CEO Tony Tracy. "Its stores have a long tradition of providing great service to their local communities that mirrors our own dedication to protecting the environment.
"By using Perf Go Green biodegradable plastic bags, the co-op's customers can do their part to reduce plastic waste while enjoying the design and performance advantages of our bags. We look forward to a successful partnership that will also help further the 'go green movement,' which is estimated to become a $500 billion market in the U.S. in 2009."
Founded in 1945, Do it Best Corp. is the only full-line, full-service buying cooperative in the hardware, lumber and building materials industry. By combining the buying capacity of many independently owned retailers, Do it Best helps those retailers better serve their local customers by providing great products at great prices. Do it Best Corp. member stores offer more than 65,000 SKUs ranging from hardware to automotive, housewares and pet supplies. Each Do it Best Corp. member store is serviced from one of eight Do it Best Corp. retail service centers, but can also obtain products directly from the manufacturer.
Perf Go Green began shipping to Do it Best Corp. in mid-October. In addition, Perf Go Green products will be available through the co-op's website, doitbest.com, beginning in November.
Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for its bags. Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade within two years, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green kitchen trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time, similar to a tissue box.
Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation. Perf Go Green is proud to be part of the nation's "go green" movement, which is poised to become a $500 billion market by 2009, according to Landor Associates.
About Perf Go Green
Perf Go Green Holdings, Inc. (OTCBB:PGOG), www.perfgogreen.com, is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green's corporate name reflects its "Go Green" mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
The Perf Go Green logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5503
The GoGreen Tall Kitchen Bags logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5504
Safe Harbor Statement
This press release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.