To: Jerry Lefevre who wrote (463 ) 4/1/1999 4:21:00 PM From: Rich Kaiser Respond to of 487
NEWS NEWS!! NEWS RELEASE APTI SALES INCREASE AIRP on OTCBB April 1, 1999 GENERAL MARKETING EFFORTS: APTI is pleased to announce that it has completed an extensive sales forecast for 1999 and expects sales of its AIR BOX products to exceed $2,000,000. This compares to total 1998 sales of $722,268 which was a %100 increase over the 1997 total sales of $340,624. The first quarter of 1999 invoicing was in excess of $200,000; as compared to $97,968 for the first quarter of 1998. 1999 bookings and verbal commitments for the second quarter are expected to exceed $400,000. The Company has major marketing initiatives ongoing in electronics, medical, dental and pharmaceutical markets that are very promising. WARRANTS EXERCISED: Since December of 1998, the Company has had 4,500,000 existing warrants exercised at $0.15 resulting in $675,000 of new capital in APTI. These monies were used for debt reduction, new raw materials and general working capital including expanded marketing efforts. SHAREHOLDERS MEETING: The Annual Shareholders Meeting for APTI for calendar year 1998 will be held at 2:00 p.m., June 4 1999 at the corporate headquarters in Valencia, California. On Behalf of Air Packaging Technologies, Inc. Garvin McMinn-President Investor Relation Contact: Rich Kaiser at APTI-800-595-9939airbox.com Forward Looking Statement: This News Release includes "Forward Looking Statements". All statements other than statements of historical fact included in this News Release,including the statements with respect to sales forecast, future product acceptance and other future matters, are forward looking statements. Although the company believes that there is a reasonable basis for the projections reflected in such Forward Looking Statements, it can give no assurance that such expectations will prove correct. Certain of the important factors that could cause actual results to differ materially and negatively from the company's expectations, among others, include a slow down in the trend in sales and orders during the remainder of the year, an inability to obtain sufficient working capital to meet other demands, and/or a world wide economic slow down. Any subsequent written or oral Forward Looking Statements attributable to the company or persons acting on its behalf are expressly qualified in their entity by the statements set forth above.