Name Change Reinforces Strategic Plan to Become Leading Plant-based Products and Packaging Company in North America
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2017) - Solegear Bioplastic Technologies Inc. (TSXV: SGB) (the "Company" or "Solegear") announced today that it will change its name to good natured Products Inc. ("good naturedTM) (TSXV: GDNP) effective October 31, 2017.
Figure 1: New logo of good natured Products Inc. effective October 31
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"Over the last 2 years, we've moved beyond biopolymer resin engineering to become a consumer products and packaging company with a leading range of 130+ plant-based goods, combining the latest innovations in plant-based material science and modern, environmentally optimized designs," said Paul Antoniadis, CEO of Solegear. "Through the execution of our strategic plan and with the acquisitions of US-based LINDAR Corp.'s and Ex-Tech Plastics Inc.'s bioplastic divisions, we are now at a defining moment for growth with a foundation for scalable operations and over 70 customers across the United States and Canada."
Paul continued, "Through listening to our customers, constituents and partners, it became clear that we needed a name that better reflected our culture, our values, and our key strength of working collaboratively with customers to create solutions that help us all become more socially and environmentally conscious."
With the very positive launch of its good naturedTM line of organizational products last spring, the Company found a name that speaks to its mindful, energizing and often unconventional approach to making better everyday products that are disrupting traditional petroleum plastic industries.
The name change is subject to final approval by the Tsx Venture Exchange (the "TSX-V"). On October 31, 2017, Solegear plans to transform all its physical and digital properties to the good naturedTM brand. The Company will trade on the TSX Venture Exchange under its new symbol — GDNP - and will operate online at www.goodnatured.ca.
About Solegear Bioplastic Technologies Inc.
Solegear Bioplastic Technologies Inc. (TSXV: SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.
Solegear's proprietary bioplastic formulations are designed to meet today's social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.
For more information: www.solegear.ca
On behalf of the Company:
"Paul Antoniadis" Chief Executive Officer and Director
Capital Markets Advisor:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.
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Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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