Ameriplas Holdings Ltd.

Ameriplas Holdings Ltd.

April 24, 2007 15:34 ET

Ameriplas Hires Investor Relations Firm

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - Ameriplas Holdings Ltd. ("Ameriplas" or the "Company") (TSX VENTURE:AHL) announces that it has contracted the services of Source One Capital Corp. of British Coloumbia to implement a shareholder and investor relations program for the Company. Ameriplas has hired Source One to work with the existing shareholders and to introduce the Company to new investors. After earning a profit of $0.03 per share for the year ended November 30, 2006, Ameriplas is now working on expanding its shareholder base and making 2007 another profitable year.

Source One Capital Corp.

Source One Capital Corp. was hired effective April 18th, 2007. Source One Capital Corp. acts as an investor relations consultants, targeted at the existing shareholder base and new investors. The arrangement between the Company and Source One Capital Corp. is for 12 months at $ 3,500 per month for a total of $ 42,000. The company also granted stock options to purchase 50,000 common shares at an exercise price of $ 0.30 and 50,000 common shares at an exercise price of $ 0.40 (expiry date July 18, 2011). These options vest in stages over 18 month period and subject to the approval TSX Venture Exchange.

Source One Capital Corp. is a full-service management consulting and investor relations firm located in British Columbia. Source One Capital Corp is in the business of creating value for growing companies by working closely with the management to enhance their business model, making presentations to sources of capital, and providing continuing capital market advisory and out-sourced investor relations services. Source One Capital Corp. and its owners are at arm's lenght with the Company. Further information about Source One Captial Corp. is available at :

During the term of the agreement, Source One Capital Corp. will provide those usual customary services performed by an investor relations firm to a public company including, but not necessarily limited to the following :

- Assist in developing a shareholder relations program designed to increase awareness of the Company within the public and private investment community;

- Receive and respond to investor telephone and email inquiries;

- Distribute the Company news announcements to their contacts;

- Work with ananlysts and newsletter writers to ensure they understand the Company and give it fair review; and

- Feature the Company regularly to their own investor databases.

In co-operation with the Company's management, Source One Capital Corp. will be working to develop a consistent, positive identity that creates favourable responses to major corporate initiatives and strategies.


Ameriplas has been in the business of manufacturing plastic preforms for the Canadian and U.S. water and soft drinks bottling industry since December 1999. Preforms are sold to beverage companies that heat and blow them into the form of bottles used for their beverages. PET preforms are used industry wide in the production of plastic beverage containers to avoid the costs and difficulties of shipping bulky plastic bottles. A primary use of these bottles is for bottled water, which is the fastest growing segment of the beverage industry. Other uses include soft drinks, sports drinks and beer.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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