PERF Go-Green Holdings Inc. (PK:PGOG)

Business Focus: Plastic Container & Packaging

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Sector: Basic Materials	Industry: Non-Paper Containers & Packaging

Company Contact

Address:	12 E 52nd St Fl 4 NEW YORK NY 10022-5314
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Michael Caridi Interim Chief Financial Officer, Chief Operating Officer, Director	Charles A. Gargano Senior Vice President - Governmental Affairs, Director	Claudio Barbosa Controller

Business Overview

Perf-Go Green Holdings, Inc., formerly ESYS Holdings, Inc., focuses on the development and global marketing of food contact compliant biodegradable plastic products. The Company's biodegradable plastic products offer a solution for reducing plastic waste from the environment. The Company's products include biodegradable trash bags (retail and commercial), biodegradable plastic drop cloths, biodegradable doggie duty bags and cat pan liners, PerfPower alkaline batteries and Perf Go Clean cleaning products. The Company's Perf Go Green plastic products will degrade and then biodegrade when introduced to soil in the presence of microorganisms, moisture and oxygen. Its plastic products are manufactured by Spectrum Bags, Incorporated, a division of IPS Ind, Inc., a mid-sized manufacturer and distributor of plastic bags and plastic products. On May 13, 2008, the Company acquired Perf-Go Green, Inc.

Financial Overview

For the nine months ended 31 December 2009, PERF Go-Green Holdings Inc. revenues increased 28% to $1.1M. Net income totaled $6.4M vs. loss of $19.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Derivative liabilities expense decrease from $26.3M (expense) to $0K, Damages Accrued Under Registration decrease from $893K (expense) to $0K.

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