Earlier this week, Vital Products, Inc. (OTCBB: VTLP) announced that it has received its first order for its Bio-Based foam in place packaging product. Today, the company announced it has received a second purchase order for the innovative foam packaging product from a $140 million North American manufacturer and distributor.
Vital Products CEO Michael Levine commented, “This is the culmination of two years of research and now the market is responding with purchase orders. The current purchase order comes from a major North American manufacturer and distributor of industrial packaging material with annual sales of more than $140 million. This customer is a serious player in this market, with five manufacturing or distribution centers across North America.”
Mr. Levine added, “These two purchase orders certainly validate our product and the move to GREEN product lines. This is a major step in Vital achieving its $20 million sales projection, we have received purchase orders from two of the four companies that we visited and continue working with the others as they complete their product analysis over the next few weeks to move our products through their distribution as well.”
Let us hear your thoughts below: