American Pallet Leasing Introduces Revolutionary Pallet Cleansing Product.CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa -- American Pallet Leasing, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :APLS APLS Avery Point Lighthouse Society (formed in February 2000) APLS Antiphospholipid Syndrome APLS Association for Politics and the Life Sciences APLS Articulating Patient Loading System APLS Automated Postal Locator System ), a vertically integrated manufacturer and logistical supplier of pallets, announced today that it has received the exclusive rights to market a new wood pallet cleansing product that will revolutionize the manufacture of wood pallets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The new product employs advanced colloidal colloidal of the nature of a colloid. colloidal bath a bath containing gelatin, bran, starch or similar substances, to relieve skin irritation and pruritus. chemistry and nanotechnology to destroy, and prevent the recurrence of wood boring pests, mold and mildew that can occur in wood pallets. The environmentally-safe product has been approved for this use by the USDA USDA, n.pr See United States Department of Agriculture. and complies with the federal regulation requiring all wood pallets to be treated, during manufacturing, for such problems. Previously, the only effective method had been heat treating, which takes 3 hours and costs more than $1.00 per pallet. APL's cleansing product requires about five minutes. APL's Chief Executive Officer, Timothy R. Bumgarner, commented that APL (A Programming Language) A high-level mathematical programming language noted for its brevity and matrix generation capabilities. Developed by Kenneth Iverson in the mid-1960s, it runs on micros to mainframes and is often used to develop mathematical models. will treat all the wood pallets it makes with the new product, and will sell it exclusively to other pallet makers across the industry. "Our product eliminates the manufacturing bottleneck created by time consuming heat treating. Once a dipping line is established, pallets could come off at a rate of one per second. The benefits are obvious; more pallets sold, and a much improved bottom line for any of the companies using our product. We expect this to become another good revenue producer for APL," 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 Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet enterprise that will supply and manage the pallet requirements of manufacturers and distributors. APL currently owns one saw mill and intends to acquire others as an efficient means of sourcing lumber for its wood pallet manufacturing operations. APL also holds patents on proprietary galvanized gal·va·nize tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. steel pallets and intends to begin manufacturing them upon receipt of additional capital. So far, all of APL's revenue has come from its sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which operations, but the Company currently is negotiating management and logistics contracts to supply and manage the customers' complete pallet needs. 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's intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements relate to, among other things: (1) APL's' expected revenue and earnings growth; and (2) 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. |
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