American Pallet Leasing, Inc. on Track to Achieve Goals.

CEDAR RAPIDS, Iowa -- American Pallet Leasing, Inc. (APL), a vertically integrated manufacturer and logistical supplier of pallets, and wholly owned subsidiary of Literary Playpen, Inc. (OTCBB:LYPP) announced today that the execution of its business plan is on target. Since the September 22nd reverse acquisition that created American Pallet Leasing, Inc (APL), Company management has initiated several activities designed to achieve the young company's stated goals.

Prior to the reverse acquisition, APL purchased its first operating entity, G&G/Cherokee Wood Inc., a saw mill in Blackburg, S.C., which currently is generating revenue for the Company. The purchase marked the first round in APL's acquisition strategy to "roll up" the industry, composed of more than 3,500 pallet manufacturers, and to acquire strategic lumber mills in order to better facilitate customer requirements. The Blackburg facility is the first hub in the Company's Hub and Spoke national logistics concept. Other hub facilities that have been identified in Nebraska, North Carolina, Tennessee, Illinois and Texas are in the process of being acquired.

On Nov. 3, 2004 APL announced the hiring of its new Chief Financial Officer, Byron Hudson, a veteran accounting and financial management expert with more than 30 years experience, including 5 years at KPMG, 4 years as vice president/controller (chief accounting officer) of Belk Stores Services, and 6 years as chief financial officer of Pic 'N Pay Stores, Inc. More importantly, he has served as a financial manager of several entrepreneurial companies and has 20 years experience as a certified public accountant (CPA).

Also in November, the Company began construction of its Midwest Regional Headquarters in Rock Valley, Iowa, which will house a new 25,000 square foot facility for manufacturing wood/steel pallets. Situated on 12 acres of land the facility will employ some 60 local residents. To date, the footings have been poured and the plumbing and electrical conduit has been roughed in. The building is on schedule to be completed in early 2005 with manufacturing commencing in February.

APL Chief Executive Officer, Timothy R. Bumgarner, said that he is pleased with the progress the Company has made so far. "We believe we have a sound business plan and we are executing it well. We are building an excellent management team and our working Board of Directors brings a wealth of relevant experience that can assist us through business challenges from financing and acquisitions to manufacturing and sales."

"In addition, we are negotiating a number of contracts that involve other acquisitions as well as logistical services sales. We are looking forward to the next several months and are confident that we will be fulfilling our first logistical services contracts later next year," Mr. Bumgarner said.

About American Pallet Leasing Inc.

APL is a vertically integrated manufacturer and logistical supplier of pallets. The Company is engaged in an acquisition roll-up of strategically located wood pallet manufacturers and saw (lumber) mills. Management's goal is to create a "Closed Loop Distribution System" by transforming the $1.6 billion-per-year pallet business from a commodity industry into a logistics management enterprise that will supply and manage the pallet requirements of manufacturers and distributors. APL currently owns one saw mill and intends to acquire other saw mills as a means of sourcing cheap lumber for its wood pallet manufacturing operations. APL also holds patents on proprietary galvanized steel pallets and intends to commence the manufacture of its patented steel pallets subject to the receipt of additional capital. The Company intends to enter into management and logistics contracts with manufacturers and distributors pursuant to which APL will supply and manage all of the customers' pallet needs. So far, all of APL's revenue has come from its sawmill operations, but the Company currently is in negotiations to procure its initial management and logistics contracts.

About Literary Playpen, Inc.

Literary Playpen, Inc. acquired APL on September 22, 2004. Literary Playpen, Inc. is a publicly-traded non-operating corporation that had insignificant assets as of the close and has not generated significant revenues over the past few years. Literary Playpen is considered a development stage company as defined in Statement of Financial Accounting Standards No. 7.

Disclosure Statement

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. APL and Literary Playpen intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) success of the reverse acquisition; (2) APL's expected revenue and earnings growth; and (3) estimates regarding the size of target markets. These statements are qualified by important factors that could cause APL's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) APL's ability to obtain development financing as and when needed, (2) APL's ability to generate and sustain profitable operations; (3) the market's acceptance of APL's products and services; (4) significant competition from other pallet manufacturers and suppliers, and (5) APL's ability to protect its intellectual property. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties as more fully described in the company's periodic filings with the Securities and Exchange Commission.