BPI Packaging Technologies, Inc. Retains Financial Advisor.Business Editors NORTH DIGHTON, Mass.--(BUSINESS WIRE)--Sept. 21, 2000 BPI Packaging Technologies, Inc. (the "Company") OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BPIE BPIE Base Procured Investment Equipment , a manufacturer of thin high molecular weight, high density polyethylene High-density polyethylene (HDPE) is a polyethylene thermoplastic made from petroleum. It takes 1.75 kilograms of petroleum (in terms of energy and raw materials) to make one kilogram of HDPE. films and bags, today reported that it has retained Dresner Investment Services, Inc. ("Dresner"), as the exclusive financial advisor to the Company to assist in evaluating various strategic alternatives available to the Company, including its sale. Dresner, a Chicago-based NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). broker-dealer, is one of the leading U.S. investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. focused on providing corporate finance and merger & acquisition services to private and public, middle-market companies. Management has engaged Dresner to help maximize stockholder value. Management believes that it is in the best interests of the stockholders that Dresner: (a) familiarize itself with the management, business, operations, markets, financial condition and future opportunities of the Company; and (b) identify and contact potential buyers and investors. Mr. Ivan J. Hughes, the Company's Chairman and Acting Chief Executive Officer stated that "we are confident that Dresner Investment Services will help us identify the appropriate strategic alternative as we attempt to maximize our stockholders' value." The Company converts commercially available high molecular weight, high density polyethylene resins into thin film, which is either sold directly into industrial or packaging applications or converted in-house into carryout car·ry·out adj. Intended to be consumed away from the place of sale; takeout: a shop offering carryout sandwiches. n. An item of food or a meal that is to be consumed away from the place of sale. bags of "T-shirt sack" design for supermarkets, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and other retail markets. The Company utilizes advanced, high quality extrusion, printing and bag making equipment, which was installed between 1990 and 1999. Statements included in this update that are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect" and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, competitive, governmental, technological and other risks and factors identified from time to time in the Company's reports filed with the SEC. |
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