Ameriplas Signs New 50,000,000 Preform Contract.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Ameriplas Holdings Ltd. ("Ameriplas" or the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd ) announces that it has signed a new contract with a Canadian based bottle company to produce preforms in our plant in St-Jean-sur-Richelieu immediately. This contract is a result of a new sales initiative for Ameriplas and fits the new criteria that Ameriplas has established for additionnal customers. This new production will generate sales of over $ 600 000 in the first year and approximatively $ 800 000 in the second year. Ameriplas Holdings Ltd.'s President Clement Lussier commented, "After the excitement of building our new plant in 2004, we were hit with problems late in the year.Adding new customers is one important step among many that we are taking to rebuild the Company's working capital position.It also shows that there is still a very strong demand for preform pre·form tr.v. pre·formed, pre·form·ing, pre·forms 1. To shape or form beforehand. 2. To determine the shape or form of beforehand. n. 1. production." AMERIPLAS OPERATIONS Ameriplas has been in the business of manufacturing plastic preforms for the Canadian and U.S. water and soft drinks bottling industry since December 1999.Preforms are made from plastic PET (polyethylene teraphthalate) pellets and sold to beverage companies that heat and blow them into the form of bottles used for their beveragesPET preforms are used industry wide in the production of plastic beverage containers to avoid the costs and difficulties of shipping bulky plastic bottles.A primary use of these bottles is for bottled water, wich is the fastest growing segment of the beverage industry.Other uses include soft drinks, sports drinks sports drink Performance drink Sports medicine A thirst-quenching beverage used in sports-related activities, which may boost energy and/or help build muscle mass; water, sugar, salt, potassium are common to all SDs. See Hydrotherapy, Water. and beer. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has ot reviewed and does not acceptresp onsability for the adequacy or accuracy of this release Ameriplas Holdings Ltd. (TSX VENTURE:AHL) |
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