NEW YORK, Feb. 2, 2009 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB:PGOG) (www.perfgogreen.com), a marketer and distributor of biodegradable plastics, has named Louis Giusto as the Chief Financial Officer of Perf Go Green.
"Louis will be a great addition to our executive management team," said Chairman and CEO Tony Tracy. "His vast experience in guiding growing companies will be instrumental as Perf Go Green rapidly moves toward our next stage of growth and development."
Giusto brings more than 20 years of business experience in financial management operations and strategic planning. Giusto's public company experience is considerable and is focused on Air Industries Group and NatWest Commercial Services. Both were full SEC reporting companies. Previously Giusto was the Vice Chairman and CFO of Air Industries Group, an acquisition company designed to better service the expanding requirements of major OEM's. Giusto has also held positions as Senior VP of Finance and Operations for Credit 2B.Com and Senior Financial Officer and Treasurer for NatWest Commercial Services, a wholly owned subsidiary of NatWest PLC London.
Mr. Giusto earned his MBA (with distinction) in Finance from the Long Island University and his BS in accounting and economics from New York University.
Perf Go Green patented products are made of recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for the bags. When discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, Perf Go Green products biodegrade, 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, the company effectively removes plastic waste from the environment.
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. In addition to offering its products online, Perf Go Green is rolling out its first items in nationwide chain stores later this year.
About Perf Go Green
Perf Go Green, Holdings Inc. (OTCBB:PGOG), www.perfgogreen.com, is a New York-based biodegradable plastics company. The corporate name reflects the "Go Green" mission from inception to create a Green company for the development of eco-friendly, non-toxic, food contact compliant, 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
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.