ann: secures sales at brazilian apas fair

Cardia Bioplastics Limited (ASX: CNN) is pleased to announce that it has received increased sales orders in the Brazilian retail market at the all-important APAS 2014 Fair in São Paulo, Brazil. Several Brazilian retailers have ordered a total of $250,000 worth of Cardia Bioplastics bags for validating
This takes the total of Brazilian sales orders taken during the last 3
months to $2.2M annualised.
Cardia has already won supply contracts to supply bags to Ricoy Supermercados and Drogaria Araujo, as well as other retailers and the APAS 2014 trade fair provided Cardia an opportunity to showcase its environmentally friendly bag offering to Brazil’s retail industry.
Brazil is South America’s largest consumer market and the 7th largest globally. With the impending FIFA World Cup in 2014 and Olympics in 2016 and changing legislation increasing demand for BiohybridTM bags, Cardia’s entry into the Brazilian market is perfectly timed. Cardia Bioplastics Brazil is poised for growth as Brazilian business has been established and Cardia’s product performance and quality is being recognised within the Brazilian retail market.
Please find attached the media release.
Richard Tegoni
Chairman
Cardia Bioplastics Limited
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