PET technology enables beverage and food suppliers to differentiate their products with innovative designs and shapes that increase promotional appeal, are lightweight and shatter resistant, and allow them to deliver the quality product their customers expect from their global brands. Constar's comprehensive portfolio of technologies and processes allows it to serve these sectors with a wide variety of PET containers, while its research and development expertise enables the company to create new, value-added products for its customers.

Constar is a packaging solutions leader, designing and manufacturing innovative methods for customers to address their production and marketing challenges. For example, the company believes its oxygen-scavenging technology, Oxbar?, is the best performing technology for the protection of oxygen sensitive foods and beverages. Constar has also developed proprietary technologies in the area of hot-fill PET containers.

The PET packaging market is experiencing rapid growth on a global basis, driven by increasing demand for water and smaller sized soft drink containers, as well as new introductions of multi-pack single serve soft drinks for the consumer market. Constar is well positioned to capitalize on this growth and, importantly, the company's geographic coverage, including 18 locations in North America and Europe, places it near the packaging sites of its customers.

Going forward, Constar's overall growth strategy is designed to enhance its market leadership and maximize shareholder value. The company will continue to focus on the innovation and commercialization of bottle design, bottle forming and other technologies that provide new, value-added packaging solutions. At the same time, the company expects to further leverage its existing infrastructure and strong client relationships. Constar plans to remain a high-quality, low-cost operator that implements manufacturing best-practices.

Constar is led by strong, experienced managers with a proven track record. President and CEO Michael Hoffman has been with the company since 1995, beginning as Vice President of Operations and was promoted to President in October 2000. In 2002, Mr. Hoffman was named CEO. Previously, Mr. Hoffman was with Crown Cork & Seal Company, Inc. and worked at various United States manufacturing facilities as a Plant Superintendent and Plant Manager from 1987 to 1993, after which he became Director of Crown's Aerosol Manufacturing division. Walter S Sobon has served as our Chief Financial Officer since December, 2005. He has more than 30 years of experience. From 1999 to 2004, Mr. Sobon worked for VWR International, Inc as Chief Financial Officer from 2001 to 2004, General Manager of E-Business in 2000 and Vice President, Corporate Development and Process Improvement from 1999 to 2000.

A pioneer of the PET bottle business, Constar's PET business was founded in 1963 as Sewell Plastics. The company was a major participant in the rapid growth of two liter PET soft drinks bottles in the early 1980s, the introduction of single serve soft drink bottles for convenience sales in the 1990s, and the development of the bottled water market.