Ameriplas Holdings Ltd.
TSX VENTURE : AHL

Ameriplas Holdings Ltd.

October 28, 2005 16:08 ET

CORRECTION FROM SOURCE: Ameriplas Raises $350 000 Privately; Ameriplas Completes 3,500,000 Units Private Placement at $0,10

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 28, 2005) - The following release corrects and replaces the release sent on Oct. 27, 2005 at 3:47 PM ET. In the third paragraph, third line the date should read February 27, 2006.

Ameriplas Holdings Ltd. (TSX VENTURE:AHL) ("Ameriplas") intends to complete a private placement of 3,500,000 units at ten cents ($0,10) per unit with each unit consisting of one common share and one share purchase warrant entitling the holder thereof to purchase additional common shares at thirteen cents ($0,13) per share for a period of two (2) years.

Insiders (Clement Lussier, Andre Lussier and Francois Fournier) of Ameriplas will subscribe to said private placement and purchase up to 2,200,000 units.

Shares issued as a result of this private placement, including those shares issued as a result of the exercise of underlying warrants, will be subject to a four (4) month hold period expiring February 27, 2006. Finder's fees totalling 130 000 shares will be allocated for this private placement.

About Ameriplas:

Ameriplas has been in the business of manufacturing plastic performs for the Canadian and the U.S. water and soft drinks bottling industry since December 1999. Performs are made from plastic PET (plyethylene teraphthalate) pellets and sold to beverage companies that heat and blow them into the form of bottles used for their beverages. PET performs 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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ameriplas Holdings Ltd.
    Mr. Clement Lussier
    President
    (450) 346-7773
    or
    Ameriplas Holdings Ltd.
    Mr. John Kuchne
    Investor Relations
    (250) 380-2274
    or
    Ameriplas Holdings Ltd.
    Mr. Frank Quinby
    Investor Relations
    (250) 380-2274
    ameriplas@sympatico.ca
    www.ameriplasinternational.com