Liberty Diversified Holdings, Inc. Announces Acquisition of New Subsidiary and Two Licenses for New Packaging Technologies
18 September 2006 - 11:30PM
PR Newswire (US)
ORANGE, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Liberty
Diversified Holdings, Inc. (OTC:LDHI) (BULLETIN BOARD: LDHI)
announced today that it has acquired Innovative Packaging
Technologies, Inc. (IPTI) from UTEK Corporation (Amex: UTK;
LSE-AIM). IPTI was previously a wholly-owned subsidiary of UTEK and
is now a 100% wholly-owned subsidiary of Liberty Diversified
Holdings, Inc. The agreement also includes the transfer of two
separate licenses for innovative and technologies with specialized
application for the printing and packaging industry. IPTI contains
two licenses for technologies developed by researchers at the
University of Arkansas. The first technology, "Edible Film", is an
all-natural, edible antimicrobial packaging film, which has been
designed to protect consumers against common food-borne illnesses
caused by pathogens such as Salmonella and E. coli. This unique
technology can also be used in the medical, medical instruments,
electronics, computer and technology products, and many other
fields that require protective packaging. IPTI also contains a
license for a variable image packaging film that can potentially
double the viewable surface area of packaging products by allowing
the film to transmit two separate images. A change in the perceived
image is accomplished using a series of lenticular lenses to
compress areas of an original image and refract them at a specified
angular range, achieving a 'flash' effect for customers traveling
past the products. The potential applications for this technology
are virtually limitless. Commentary In response to this
announcement Ron Touchard, CEO and Co-Chairman of Liberty
Diversified Holdings, Inc., stated the following, "We are very
enthusiastic about our acquisition of Innovative Packing
Technologies, Inc. We believe that IPTI's exciting new technologies
will allow us to provide new and more varied packaging products,
both to our current customer base and through our future
subsidiaries. These new technologies, combined with our aggressive
acquisition plan, will help us to expand our market share at a much
faster pace than previously possible. These are exciting times in
the printing and packaging industry, and we believe that everyone
should be keeping a sharp eye on the current round of activity
taking place, especially in regards to mergers, acquisitions &
the implementation of new technologies." Jennifer Willis, Manager
of Technology Licensing at UTEK Corporation added, "UTEK is pleased
to consummate this technology transfer with Liberty Diversified
Holdings, Inc. and we look forward to continuing our efforts to
provide additional technology acquisition opportunities for their
consideration." About UTEK Corporation UTEK(R) is a specialty
finance company focused on technology transfer. UTEK's services
enable companies to acquire innovative technologies from
universities and research laboratories worldwide. UTEK facilitates
the identification and acquisition of external technologies for
clients in exchange for their equity securities. This unique
process is called U2B(R). In addition, UTEK offers companies the
tools to search, analyze and manage university intellectual
properties. UTEK is a business development company with operations
in the United States, United Kingdom and Israel. For more
information about UTEK, please visit its website at
http://www.utekcorp.com/ . About Liberty Diversified Holdings, Inc.
Liberty's new direction is focused on aggressive growth and
diversification through expansion of its current holdings as well
as future acquisitions. The LDHI business model is centered on
increasing shareholder value through multiple and diverse revenue
streams. Liberty's core focus is in the $433 billion printing and
packaging industry. The Company's assets include MCR Printing and
Packaging Corp, a 20-year-old company that provides high end
printing and packaging services to some of the world's largest
companies, including long term relationships with major
corporations such as Tyco Health Care, Mattel, SANYO, Leviton,
Camelbak, Maxell and others. The Company has a unique business
model with little or no competition in a large and growing
international industry, and is rapidly expanding into additional
high demand, high-profit manufacturing areas. For more information
visit http://www.libertydiversifiedholdings.com/ or call (949)
376-4846. Caution Regarding Forward-Looking Statements: This press
release includes forward-looking statements concerning the future
performance of our business, its operations and its financial
performance and condition, and also includes selected operating
results presented without the context of accompanying financial
results which are not yet available. These forward-looking
statements include, among others, statements with respect to our
objectives and strategies to achieve those objectives, as well as
statements with respect to our beliefs, plans, expectations,
anticipations, estimates or intentions. These forward-looking
statements are based on our current expectations. We caution that
all forward-looking information is inherently uncertain and actual
results may differ materially from the assumptions, estimates or
expectations reflected or contained in the forward-looking
information, and that actual future performance will be affected by
a number of factors, including economic conditions, technological
change, the integration of acquisitions, regulatory change and
competitive factors, many of which are beyond our control.
Therefore, future events and results may vary significantly from
what we currently foresee. We are under no obligation (and we
expressly disclaim any such obligation) to update or alter the
forward-looking statements whether as a result of new information,
future events or otherwise. DATASOURCE: Liberty Diversified
Holdings, Inc. CONTACT: Liberty Diversified Holdings, Inc.,
+1-949-376-4846 Web site: http://www.utekcorp.com/ Web site:
http://www.libertydiversifiedholdings.com/
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