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Distribution Management Services Inc. Announces Plans.

Entertainment Editors/Business Editors

MIAMI--(BUSINESS WIRE)--July 29, 2003

Distribution Management Services Inc. (OTCBB:DMGS), a Florida corporation, has successfully closed the sale of its Miami recycling facility, which it has owned and operated for approximately five years, for $1,050,000 in cash.

The company has enlarged its Board of Directors with the addition of Jordan Klein, Sr., and Jordan Klein, Jr. Jordan Klein, Sr. holds a legendary, world-renowned position in the underwater photography and movie industry. He holds director's status in the Directors Guild of America and is the recipient of numerous awards, including the Academy Award in 2002 for Scientific and Technical Achievement, was inducted into the Divers Hall of Fame 2003, and has successfully participated in the production of over 75 films including Cocoon, Jaws, and the James Bond films, as well as the television series Flipper and Sea Hunt. His awards and history can be viewed at http://www.jordanklein.com.

The company has acquired the film rights to several full length motion pictures. The first will be filmed on location in Nassau, Bahamas, and the Jordan Klein Studios.

"My association and longstanding friendship with Jordan Klein, Sr., as well as the respect I have for him as a film maker and business associates over the past 50 years, afforded our company the opportunity to move into the entertainment industry," said Leo Greenfield, president of Distribution Management Services Inc.

"Future inquiries regarding company plans and current financial reports may be obtained in the quarterly filings or through public releases," Greenfield added.

The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
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Publication:Business Wire
Date:Jul 29, 2003
Words:328
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