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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (67258)	10/16/2000 11:25:46 AM
From: ChrisJP	Respond to of 150070

IMO, current .005 spread a hint that the MMs need shares to satisfy current buying demand. But you never know.

To: SSP who wrote (67258)	10/16/2000 11:42:08 AM
From: TallTrader	Respond to of 150070

DYPR NEWS HOUSTON, Oct. 16 /PRNewswire/ -- Drypers Corporation (OTC Bulletin Board: DYPR) today announced that it has received approval from the Bankruptcy Court for its debtor-in-possession (DIP) financing and other first day orders. The DIP agreement calls for Fleet Capital Corporation to provide a new $25.0 million credit facility to fund the Company's ongoing operating needs during its voluntary restructuring under Chapter 11 of the United States Bankruptcy Code. "We are pleased that the Court promptly approved our request for post- petition financing and other first day orders," said Walter V. Klemp, chairman and chief executive officer of Drypers Corporation. "This funding will help provide our vendors with additional financial assurances that we will continue to operate our business while we restructure, and that they will be paid in the ordinary course for goods and services we purchase from them going forward." "With our first day orders approved and our DIP financing in place, we can now renew our focus on getting customer service back to the levels we are known for," said Klemp. Drypers also announced its common stock began trading on the OTC Bulletin Board under the symbol "DYPR", effective October 11, 2000. The Company was recently notified by The Nasdaq Stock Market that the Company was no longer in compliance with the market's financial requirements for continued listing on The Nasdaq SmallCap Market which necessitated the move. About Drypers Corporation Drypers Corporation manufactures and markets premium quality disposable diapers, training pants and pre-moistened wipes under the Drypers(TM) brand and is a major provider of private label disposable baby diapers and training pants. Drypers Corporation is committed to the development of value brands and to building lasting global brand equity through product innovation and differentiation in a vital category. Headquartered in Houston, Texas, the Company operates in North America, Latin America, Southeast Asia, and other international markets. Forward-Looking statements: This news release contains, and any oral statements made by the Company concerning this release may contain, forward- looking statements that involve assumptions and uncertainties. The Company's actual results could differ materially. Some of the most significant factors that could cause or contribute to such differences include, but are not limited to, successful resolution of claims and other matters in the Company's bankruptcy, capacity allocation and utilization, timing of new distribution, successful turnaround of certain international operations, ability to expand US growth, leverage and debt service, covenant limitations, competitive industry, price changes by competitors, international operations and the effect of recessionary economies, currency fluctuations, currency devaluations, currency restrictions, intellectual property risks, the P&G lawsuits, dependence on key products and acceptance of product innovations, cost of certain raw materials, and technological changes. SOURCE Drypers Corporation -0- 10/16/2000 /CONTACT: Lisa Tolar of Drypers Corporation, 713-869-8693/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 134278/ /Web site: drypers.com / (DYPR) CO: Drypers Corporation ST: Texas IN: PAP SU: BCY * end of story *