American Pallet Leasing Appoints Chief Financial Officer.

CEDAR RAPIDS, Iowa -- American Pallet Leasing Inc. ("APL"), a vertically integrated manufacturer and logistical supplier of pallets, and the operating subsidiary of Literary Playpen, Inc. (OTCBB: LYPP), announced today that Byron Hudson has been hired as its Chief Financial Officer.

Mr. Hudson brings over 30 years experience in accounting and financial management, including 5 years at KPMG, an International accounting firm; 4 years as vice president/controller (chief accounting officer) of Belk Stores Services, a department store chain with annual sales of over $ 1.5 billion; and 6 years as chief financial officer of Pic 'N Pay Stores, Inc. He also served for 6 years as a financial manager of several entrepreneurial companies and has 20 years experience as a certified public accountant (CPA).

Timothy R. Bumgarner, chief executive officer of American Pallet Leasing, said, "Byron's knowledge and experience will be highly utilized by APL in his role as chief financial officer. His experience building entrepreneurial businesses will be particularly useful as he creates the necessary financial controls, including operational and financial management, SEC reporting, budgeting, forecasting, and financial management associated with business acquisitions."

Mr. Hudson stated "I look forward to utilizing my previous experience to develop a sound accounting and financial structure for American Pallet Leasing that will support a rapidly growing acquisition-based organization. I have been involved with a number of start-up companies but American Pallet is certainly one of the most exciting."

About American Pallet Leasing Inc.

APL is a vertically integrated manufacturer and logistical supplier of pallets. APL is engaged in an acquisition roll-up of strategically located wood pallet manufacturers and saw (lumber) mills. APL'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 APL's 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. APL 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. APL is in negotiations to procure its initial management and logistics contracts. All revenue to date has been derived from the saw mill operations.

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.

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.