PKGP NEWS...
<fontfamily><param>Helvetica</param><bigger><bigger>PACKAGING PLUS
SERVICES, INC. RECEIVES
$1.2 MILLION IN PURCHASE ORDERS
THROUGH ITS CORRUGATED BOX SUBSIDIARY
Plainview, NY, June 5, 1998 -- Packaging Plus Services, Inc. (OTC BB:PKGP) announced that its wholly owned subsidiary, Customized Corrugated Corporation has already received purchase orders totaling $1.2 million from four separate customers.
"This order from outside wholesale customers marks the first flow of revenue to our newly formed subsidiary. I am extremely pleased and excited for future orders, from both APAC members and outside wholesale customers. Customized Corrugated offers a great service to our APAC members by lowering corrugated and transportation costs on smaller special orders", stated Norm Hollander, Director of Customized Corrugated Corporation.
"This is an impressive beginning for our most recent acquisition and the future looks promising for significant market penetration. Mr. Hollander's 20 years of experience in this industry will prove to be an invaluable asset as this division continues to expand," said Richard A. Altomare, Chairman of Packaging Plus Services, Inc.
PKGP owns and operates APAC, the Association of Packagers and Carriers, a nationwide association of independent postal/business service centers. The association provides access to business services and logistically convenient and cost effective delivery of goods worldwide. PKGP's other subsidiaries are engaged in advertising and concierge services.
For further information contact:
Investor Communications Company
Washington DC (888) 702-7695
Chicago (800) 550-5165
iccinfo.com
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