PaperNuts Corporation Completes Long-Term Paper Supply Agreement
(firmenpresse) - ST. CATHARINES, ON -- (Marketwired) -- 04/28/15 -- Axiom Corp. (OTC PINK: AXMM) ("Axiom" or the "Company") is pleased to announce that PaperNuts Corporation has entered into a strategic long-term Supply Agreement with a leading North American provider of sustainable paper and packaging products made from 100% recycled material (the "Supply Partner"). The confidential privately-owned Supply Partner operates multiple large scale state-of-the-art paper mills serving customers across North America.
Subject to the terms and conditions of the Supply Agreement, the Supply Partner will be the primary supplier to PaperNuts of lightweight continuous-roll Kraft paper for its on-demand high speed PaperNuts packaging solutions. These products meet the highest environmental standards earning FSC, SFI, and PEFC certifications.
Tyler Pearson, CEO of PaperNuts Corporation, commented, "The superior papermaking assets of our new supply partner''s mill network will provide PaperNuts and all of its customers with a reliable long-term paper supply source across North America. Their dedication to products that meet the industry''s highest environmental standards make them a natural fit for PaperNuts and our mission to provide the packaging industry with a sustainable alternative to environmentally harmful packaging solutions like polystyrene peanuts and other plastic-based protective packaging products."
The Supply Agreement is for a term of one year automatically renewing for successive one year periods.
Axiom Corp., operating through its majority owned subsidiary (95.6%), PaperNuts Corporation, is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corporation owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that are often very harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products.
PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates. The "PaperNuts Converter" machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.
For additional information regarding Axiom Corp. and PaperNuts Corporation, visit .
Axiom Corp. files reports with the Securities and Exchange Commission. The Company''s filings can be viewed at .
This Axiom Corp. / PaperNuts Corporation news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company''s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company''s contracts, the Company''s ability to raise sufficient development and working capital, the Company''s liquidity position, the Company''s ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.
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Datum: 28.04.2015 - 04:00 Uhr
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