BPI Packaging Technologies Inc. reports purchase of 92,308 shares of BPI Common Stock by C. Jill Beresford.N. DIGHTON, Mass.--(BUSINESS WIRE)--Feb. 18, 1997--BPI Packaging Technologies Inc. ("BPI") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. : "BPIE BPIE Base Procured Investment Equipment " (Common Stock)), today announced that C. Jill Beresford, president has purchased 92,308 shares of BPI Common Stock. The purchase increases her beneficial interest to 1,317,330 shares of common stock and 146,695 shares Series B Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . Dennis N. Caulfield, chairman and chief executive officer, stated, "The purchase makes C. Jill Beresford BPI's largest shareholder." BPI Packaging Technologies Inc. is a leading manufacturer of traditional plastic grocery carry-out bags, referred to as t-shirt sacks, proprietary t-shirt bags and plastic film products, and proprietary in-store advertising and promotional products. CONTACT: BPI Packaging Technologies Inc. Dennis N. Caulfield, Chairman, 508/824-8636 or Tower Research Associates Arthur Stupay, 216/861-6950 |
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