Michelex Corporation Signs Letter of Intent to Acquire Media Books LLC.

MASSENA, N.Y. -- Michelex Corporation (OTCBB:MHXC) announced it has signed a letter of intent to acquire Media Books LLC, a publisher of popular priced audio books.

Media Books sells audio books to mass market retail chain stores and wholesale clubs. The list of clients include, Wal-Mart (NYSE:WMT), Barnes and Noble (NYSE:BKS), Sam's Wholesale Club, CVS Drug Stores (NYSE:CVS), Books-A-Million (Nasdaq:BAMM), and Hastings (Nasdaq:HAST). The company licenses popular authors and books that were on the best sellers list at one time and sells them at a discount.

The Association of American Publishers' (AAP) 2003 sales report indicated "Juvenile, Religion, Audio, and E-Books Drive Growth as Other Sectors Falter." AAP reported audio book sales, for 2003, increased by 13 percent.

Thomas Gramuglia, director and vice president, stated, "This acquisition will become part of the Michele Audio division and makes perfect sense because we currently manufacture the product. We handle the recording of the CD's and tapes, plus the packaging and the shipping of the product. This acquisition will be worth millions of dollars in revenue to Michelex Corporation, without much transition time and healthy margins. The product enjoys the multiple benefits of being attractively priced and can be enjoyed by today's multi-taskers, which are two of the reasons audio books sales should continue to increase. More funding from Michelex Corporation will allow Media Books to acquire more titles, expand genres, and utilize existing relationships to generate more revenues."

About Michelex

Michelex Plastics is a manufacturer/importer and distributor of C-Zero's, C-Shells, Norelco Boxes, Jewel Boxes and other related specialty plastic products. The company's inception was in 1972. The company has manufacturing facilities and distribution points in New York, and Salt Lake City, Utah. The company employs over 100 people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through it's divisions to make it a one stop shop for it's customers.

Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of Music and spoken word recordings.

Michelex Media products -- producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to it's customers

For further information, www.micheleaudio.com.

Safe Harbor:

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.