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Transway Signs Coby Capital Corporation as Financial Advisor

ETOBICOKE, Ontario, Nov. 25 /PRNewswire/ -- Transway Capital Inc. (Canadian Dealing Network: TWYC) Board of Directors formally approved a contract engaging Coby Capital Corporation of Stamford, Connecticut as financial advisors to the company. Coby Capital is involved in investment banking, venture capital and capital market services throughout the U.S. and internationally. The company has over fifty years of cumulative experience in the securities industry and more than fifteen in the legal/patent arena.

Mr. Keith Carrigan, President of Transway and former President of Waste Management-Canada commented, "Simply, we need to get our story told. This association with Coby Capital will enable our company to achieve much better visibility in the U.S. financial markets by putting us in front of various broker/dealer groups as well as sophisticated investor groups and portfolio managers. In day to day operations we are already realizing benefits from Coby's network of business contacts."

Coby Capital has made an investment in Transway shares, but is not a market maker for the shares. Coby Capital is paid a monthly fee for its advisory services, with terms renewable annually.

Transway Capital's subsidiary, CanTech, has just begun production of a revolutionary new shipping pallet, the Duraskid(TM), constructed from a remarkable new composite material made from a combination of recycled post consumer/post industrial plastics and waste cellulose fiber. This revolutionary new pallet shares the handling and flexibility qualities of wood, combined with the clean, lightweight properties of plastic. It is resistant to moisture, insects, molds and fungus, does not have nails, screws or staples and will not crack, rot, or splinter in normal use but yet is stronger and cost competitive with wood. Mr. Carrigan further stated that, "The Duraskid represents an ecologically responsible solution to an ever increasing amount (currently 4%) of solid waste in landfills which wood pallets constitute as well as a significant reduction in the consumption of lumber in North America used for the construction of wood pallets." Currently, the production of wood pallets ranks as the number two consumer of lumber in North America following the construction industry.

Transway's Etobicoke plant has a planned monthly capacity in excess of 50,000 Duraskids which are priced competitively with hard wood pallets. More plants are expected to come on line during 1997 to serve the pent up demand in the $7 billion U.S. pallet market.

SOURCE Transway Capital Inc.
 -0- 11/25/96

/CONTACT: Product information, Brian Ablett, V.P. Sales & Marketing, 416-679-0556, or fax, 416-679-0614, or Investor Relations, 416-798-7915, 800-785-7915 or fax, 416-798-2024, of Transway Capital Inc.; or Scott S.A. Coby of Coby Capital Corp., 203-325-4001, or fax, 203-325-2506/


CO: Coby Capital Corporation; Transway Capital Inc. ST: Connecticut, Ontario IN: CST FIN PAP SU: CON

DA-LH -- NYM087 -- 3696 11/25/96 11:42 EST
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Publication:PR Newswire
Date:Nov 25, 1996
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