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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Lawrence Burg who wrote (304)4/29/1998 9:20:00 AM
From: jack  Read Replies (1) of 4783
 
Wednesday April 29, 8:07 am Eastern Time

Company Press Release

SOURCE: Packaging Plus Services, Inc.

Paychex, Inc. Named Preferred Vendor for APAC Members

PLAINVIEW, N.Y., April 29 /PRNewswire/ -- Packaging Plus Services, Inc. (OTC Bulletin
Board: PKGP - news) announced that its wholly owned subsidiary, The Association of
Packagers and Carriers (APAC), has named Paychex, Inc. a Preferred Vendor for APAC
members. Paychex, Inc. is a national payroll processing and payroll tax preparation company for
small to medium-sized businesses. The company will be offering special pricing to APAC
members who utilize its services.

''In my own retail operation, Paychex has saved me invaluable time over the last 12 years,'' said
Nick DeLeone, President of APAC. ''Paychex Regional Managers are establishing contact with
the seven regional members of the APAC Advisory Council. They will be providing training
assistance for members and running regular seminars on payroll, payroll taxes, and Human
Resource issues. APAC members can use the cost savings and time freed up to help grow their
businesses in other areas.''

''We're excited to be working with APAC,'' said Janice Rensch, National Account Manager for
Paychex. ''Our new agreement is a win-win situation for both Paychex and APAC members.''
Additional programs offered by Paychex include Human Resource products and services,
employee handbook services, 401(k) recordkeeping and insurance products. Founded in 1971
and based in Rochester, NY, the company has over 4,500 employees in more than 100 locations
and services 285,000+ clients nationwide.

Paychex has been recognized as one of the ''Best 200 Small Companies in America'' by Forbes
Magazine eight times and most recently as one of the 20 ''Honor Roll'' companies. In addition,
Paychex has been named several times to Business Week's annual list of the top 1,000 U.S.
companies as well as Financial World's ''America's Best 100 Growth Companies.''

Packaging Plus Services, Inc. owns and operates several subsidiaries in the packaging and
shipping businesses. APAC, the Association of Packagers and Carriers, is a nationwide
association of independent postal/business, service centers. The Association provides access to
a variety of business services and logistically convenient and cost effective delivery of goods
worldwide.

SOURCE: Packaging Plus Services, Inc.
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