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Non-Tech : Palweb Corp (PAEB) -- Ignore unavailable to you. Want to Upgrade?

To: Dallas who wrote (2510)	1/22/2001 9:16:22 AM
From: SCOOBEY-DO	Respond to of 2512

PalWeb Corporation's Common Stock to Be Re-Listed Over The Counter Bulletin Board DALLAS, Jan. 22 /PRNewswire/ -- PalWeb Corporation (Pink Sheets: PAEB) announced that on January 9, 2001, the company was informed that it had cleared all Securities and Exchange Commission comments on its Form 10-SB. The company is currently working with its lead market maker in the preparation and filing of a 15c2-11 Exemption Request Form with the NASD in an effort to re-list the company's common stock on the NASD Over the Counter Bulletin Board. If the company's common stock is re-listed on the Over the Counter Bulletin Board, its ticker symbol, PAEB, will remain the same. "We are pleased that PalWeb has cleared the Securities and Exchange Commission comments on its Form 10-SB," said Chairman Paul Kruger. "Management has worked diligently over the past 20 months to accomplish this re-listing. We are focusing our efforts on the company's business plan and keeping shareholders informed of our progress through quarterly and annual filings as well as current reports and press releases." On January 4, 1999, the SEC ratified certain amendments to NASD rules that restricted the quotation of securities on the Over the Counter Bulletin Board to companies that report current financial information to the SEC, insurance or banking regulation authorities. In order to comply with the new NASD eligibility requirements, the company filed a registration statement on Form 10-SB in June of 1999, which was subject to review by the SEC. Since such time, the company has worked diligently with the SEC and has filed several amendments to the Form 10-SB. PalWeb Corporation develops, manufactures and sells high quality plastic pallets that provide innovative logistics solutions needed by a wide range of industries such as automotive, chemical, and consumer products; grocery, produce and food production; paper and forest products; as well as retailing and steel and metals industries. PalWeb's patented plastic pallet design has passed ASTM (American Society for Testing and Materials) standard industry testing (Standard D1185-98a and D 4728-91) for strength and durability. The company's plastic pallets are 100% recyclable making them a viable alternative to wood pallets with demand for the product driven by growing environmental concerns and new government regulations. For more information about PalWeb, visit www.palweb.net. This press release includes certain statements that may be deemed "forward-looking statements" within the meaning of the Federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, including the potential sales of pallets or other possible business developments, are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, including the ability of the Company to continue as a going concern. Actual results may vary materially from the forward-looking statements. PalWeb Corporation is a development stage company, which expects to engage in the manufacture and sale of plastic pallets and plastic injection molding machines and systems. SOURCE PalWeb Corporation /CONTACT: Arlin Plender, Investor Relations of PalWeb Corporation, 214-698-8330/ /Web site: palweb.net /