Symphony Env. Regulatory News (SYM)

4 Mar 2005 13:55

Symphony Plastic Technologies PLC04 March 2005 4 March 2005 SYMPHONY PLASTIC TECHNOLOGIES PLC APPEAL Notification has been received by Symphony Plastic Technologies Plc ("Symphony"or "the Group"), the degradable plastics company, that EPI EnvironmentalProducts Inc (EPI) has been granted leave to appeal the judgement handed down infavour of Symphony by the High Court in London on 21st December 2004. Michael Laurier, Chief Executive Officer, said: "The possibility of an appeal is a feature of any civil case and we are notsurprised by this development. The Directors are of the view, as they have beenfrom the start and as was demonstrated in the High Court, that the claims madeby EPI are without merit." For further information, please contact: SymphonyMichael Laurier, Chief Executive Tel: 020 8207 5900Ian Bristow Citigate Dewe RogersonPatrick Toyne-Sewell Tel: 020 7638 9571Ged Brumby Ends Information on Symphony: Symphony develops and supplies environmentally responsible plastic packagingproducts, which are distributed primarily to the retail, local authority andhealth related sectors. The Group's main technology, d2w(R), allows plastic todegrade, leaving only water, a minimal amount of carbon dioxide and traceamounts of non-toxic biomass over a controlled time period. The current d2w(R)product range now includes additives, carrier bags, refuse and waste sacks,mailing wrap, stretch film, aprons, and packaging films. Symphony has a strong blue-chip customer base in the UK and has successfullyestablished itself as an international business with agreements in Brazil,Colombia, New Zealand, South Africa, the Caribbean and the Middle East. Further information on Symphony can be found at www.degradable.net This information is provided by RNS The company news service from the London Stock Exchange