BPI Packaging Technologies, Inc. receives patent for CartridgeTalker billboard advertising.N. DIGHTON, Mass.--(BUSINESS WIRE)--July 31, 1996--BPI Packaging Technologies, Inc. ("BPI (Bits Per Inch) The measurement of the number of bits stored in one linear inch of a track (storage channel) on a disk or tape. Bit density on magnetic disks has reached 800,000 bpi (800 Kbpi). See tpi, areal density and magnetic disk. BPI - bits per inch ") (NASDAQ/NMS: "BPIE BPIE Base Procured Investment Equipment " (Common Stock)), today announced that BPI has received a notice of allowance from the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property granting a patent on its Fresh Focus CartridgeTalker(TM). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dennis N. Caulfield, chairman and chief executive officer, "The CartridgeTalker(TM) is one of BPI's major in-store advertising products for supermarkets along with the patented Floor Focus Ad-Tile(TM) for floor advertising. The CartridgeTalker(TM) is a billboard attached to BPI's patented Fresh-Sac(R) produce bag dispensing system which is presently being used in approximately 3,000 supermarkets. The market potential for CartridgeTalker(TM) billboard advertising in the 30,500 supermarkets in the United States This is a list of supermarket companies in the United States of America and the names of supermarkets which are owned or franchised by these companies. For supermarkets worldwide see List of supermarkets. is estimated to be $235 million annually." Caulfield concluded, "The patented Fresh Focus CartridgeTalker(TM) and the Fresh-Sac(R) produce bag in the patented dispensing system together, provide BPI with a second patented in-store advertising program. We expect that this proprietary program will enable BPI to sharply increase its United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. marketshare of the estimated $264 million annual market for the Fresh-Sac(R) produce bag as well as the estimated $235 million annual market for CartridgeTalker(TM) billboard advertising." BPI Packaging Technologies, Inc., is a leading manufacturer of traditional plastic grocery 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, referred to as t-shirt sacks, proprietary t-shirt bags, and proprietary in-store advertising and promotion products. Certain statements contained in this press release are not based on historical facts, but are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Actual events and results may materially differ from anticipated results described in such statements. The Company's ability to achieve the results anticipated in any forward-looking statements is subject to certain risks and uncertainties, including, but not limited to, the general economy, product demand, market acceptance of products, fluctuations in operating results, competition, continued availability of capital and financing, and other factors affecting the Company's business beyond the Company's control. CONTACT: BPI Packaging Technologies, Inc., N. Dighton Dennis N. Caulfield, 508/824-8636 or Tower Research Associates, Cleveland Arthur Stupay, 216/861-4816 |
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