SFIN Safetek International Inc (CE)

NEW YORK, Feb. 14, 2011 /PRNewswire/ -- Safetek International, Inc. (Pink Sheets: SFIN) an incubator of and investor in green technology and Eco-Friendly start-up companies, announced today that following its previous announcement of interest from major Distributors from the United States, Russia and South America, it has increased its ordering for an additional three (3) large 40 foot containers of the eco-friendly, non-toxic ewrap™ food film to satisfy demand in the United States, with further containers to follow.

Dr. Fredrik Verkroost, President of Newave Packaging Inc., said, "These orders represent about one month's requirements and under normal circumstances should be repeated on a regular basis."

The initial orders will be shipped to Newave Packaging Inc.'s warehouses in Florida and Canada prior to onward distribution to packaging companies and resellers.

Additional testing is also being undertaken in Canada with a large food and cheese processor. This Company is looking for an eco-Friendly alternative to what is currently used in the industry.

Newave is also introducing ewrap™ cutter boxes for home use that will be distributed to food retailers throughout North America. These retail cutter boxes will be sold in small bodegas and specialty stores, regional supermarkets and large box stores. This Retail Market will add an important new revenue stream for Newave Packaging Inc., in addition to their supply of machine-wrap rolls of  ewrap™ food film to food packaging companies.

Dr. Verkroost continued to clarify the ordering process by saying, "The process to secure an order from large distributors and effect deliveries can take 3 to 6 months. We have therefore installed an accurate order forecasting procedure to anticipate customer requirements to have sufficient stock at the point of delivery. Although it took us a while to secure these large orders, we are now pleased to be able to commit to booking 40 foot container loads which each can hold up to 2500 rolls of 5000 feet length machine-wrap food film or nearly 50,000 retail boxes of 100 feet length."

The high level of interest received in the ewrap™ food film has attracted customers from as far away as Malaysia, Russia, European Union and countries in South America.

About Newave Packaging Inc. (www.newavepackaging.net)

Newave Packaging Inc. supplies some of most ECO friendly non-toxic and bio-degradable film products and cutter boxes for the $1bn+ packaging industry, especially food packaging, which is still dominated by PVC products. All its products are tested and certified to conform to new environmental legislation. Newave Packaging now distributes throughout North and South America and will soon supply other countries worldwide.

About Safetek International Inc. (www.safetekinternational.com)

Safetek International Inc. is a holding company formed to identify, develop and manage business projects that show significant growth potential, including new green technologies and other Eco-Friendly sectors. The Company has recently acquired Newave Packaging Inc. as part of its restructuring program to take advantage of innovation and their application to 'green' initiatives, especially for the non-toxic food film market. In addition to identifying, developing and managing business projects that show significant growth potential, Safetek helps its portfolio companies find individuals experienced in management to take companies from idea/development to profitable operation.

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

SOURCE Safetek International, Inc.