BIOTA, internationally known as the ground breaking "Green," "Planet Friendly(TM)" Company that is helping to solve the World's plastic bottle problem. BIOTA is the first beverage company in the World to exclusively use corn based PLA to bottle its products. BIOTA along with its sister company Planet Friendly Products developed the World's First Biodegradable Bottle in 2003. BIOTA's water bottle (corn) will degrade within 75 to 80 days in a commercial composting situation. A traditional plastic bottle (oil) will never biodegrade.
Because of the continuous illegal, deceptive, and fraudulent actions by BIOTA's lender UPS Capital, a division of United Parcel Service, Inc. BIOTA had to seek protection and re-organization under Chapter 11 in April, 2007. UPS's stated intent was to file foreclosure and to sell off BIOTA's assets.
Thursday, August 30, 2007
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