American Pallet Leasing Retains KCSA Worldwide As Investor Relations Counsel.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. ("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. "), a vertically integrated manufacturer and logistical supplier of pallets and the operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Literary Playpen playpen - (IBM) A room where programmers work. Compare salt mines. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : LYPP), today announced that it has retained KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide to manage its investor relations Investor relations The process by which the corporation communicates with its investors. function. Commenting on the appointment, Timothy R. Bumgarner, chief executive officer of American Pallet Leasing, Inc., said, "With more than 3,700 manufacturers of wood pallets in the United States, our objective is to "roll up" this highly fragmented industry. In addition to acquiring pallet manufacturers, we will also pursue a strategy of acquiring strategic lumber mill facilities. The goal is to build a vertically integrated pallet manufacturing and shipping logistics company. We are encouraged by our prospects, as evidenced by the completion of our first acquisition in August 2004 of G&G/Cherokee Wood, Inc, located in Blacksburg, South Carolina Blacksburg is a town in Cherokee County, South Carolina, United States. As of the 2000 census, the town had a total population within the city limit of 1,880. The population of greater Blacksburg is approximately 9,655. . Simultaneously, we will pursue a strategy of leasing our patented steel pallets, which the company has designed to be a durable, reusable and ultimately less expensive alternative to wood pallets. As we execute on our strategic objectives, we look forward to working with KCSA to communicate our story to the investment community." Jeffrey Goldberger, managing director of KCSA Worldwide, commented, "American Pallet Leasing presents a compelling growth story in an exciting industry and we look forward to helping articulate the Company's value proposition." 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 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 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 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. 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. About KCSA Worldwide KCSA Worldwide is a leading public and investor relations firm with practice areas in public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , investor relations, corporate and marketing communications, and design and graphics. KCSA is the U.S. partner of European Communication Partners, a network of public relations firms in EEC EEC: see European Economic Community. countries and Canada, and the U.S. member of IR Asia-Pacific Ltd., the world's first network of independent investor relations consultancies. The firm has strategic alliances in Australia, Israel, Russia and South America. 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 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) 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. |
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