American Pallet Leasing Establishes Midwest Regional Headquarters; Company Commences Construction on Wood/Steel Pallet Facility.

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 it is commencing construction on a Wood / Steel Pallet production facility in Rock Valley, Iowa. The facility will produce a wood/steel pallet combination. The Rock Valley, Iowa site will be the home of the Company's Midwest Regional Headquarters.

To facilitate this transaction, the Rock Valley Economic Development Corporation granted the Company approximately 12 acres of land for purposes of development with an estimated value of over $700,000.

With footings and foundation underway this week, the Company plans to schedule production operations for the end of February, 2005. In choosing the location in Rock Valley, Iowa, the Company has been approved for construction capital and some operating capital in the form of grants, rebates and low interest loans from state, county, and city programs.

Timothy R. Bumgarner, chief executive officer of American Pallet Leasing, Inc., said, "We will use the new site to create a multi-faceted pallet production, distribution and logistical tracking facility, which will expand our manufacturing capabilities in a highly attractive geographic area. The construction of this facility demonstrates continued progress toward our goal of becoming an efficient, vertically integrated supplier of wood and steel pallets, and establishes an important presence in the Midwest."

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 sawmill 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.