Lignin Industries, Inc.
PINK SHEETS : HMCP
PINK SHEETS : LGNI

March 17, 2005 14:03 ET

Lignin Announces a Letter of Intent to Merge with Screen Giant Media Corp.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LIGNIN INDUSTRIES LTD.

PINK SHEETS SYMBOL: LGNI

MARCH 17, 2005 - 14:03 ET

Lignin Announces a Letter of Intent to Merge with
Screen Giant Media Corp.

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - Lignin Industries
Ltd. (PINK SHEETS:LGNI) ("LGNI"), a company currently listed and trading
on Pink Sheets (trading symbol LGNI) is pleased to announce that it has
entered into a Letter of Intent ("the Letter of Intent") to merge with
Screen Giant Media Corp. ("Screen Giant") a private corporation with its
head office in Calgary, Alberta, website address is www.screengiant.com.

Screen Giant is a world leader in high resolution LED Screen and Arena
systems. It develops applications specific to its client's needs which
include advertising and logos and leases out advertising time on its LED
Screens. Screen Giant's current clients include the Calgary Exhibition
and Stampede Board and the McMahon Stadium Society.

The basic agreement between Lignin and Screen Giant provides for the
issuance by Lignin of 13 million treasury shares (subject to a Rule 144
restriction) to acquire 90% of the issued and outstanding Screen Giant
shares and to cover off substantially all of Screen Giant's outstanding
debt. Lignin's total outstanding shares will then increase to
approximately 20 million shares.

The Letter of Intent is conditional on both parties completing their due
diligence which will include receiving all necessary corporate,
shareholder and regulatory approval, the process of which has already
commenced. It is anticipated that the effective date of the merger will
take place on or before March 31, 2005.

Albert Yung, President of Lignin stated "Lignin is very pleased to have
entered into this agreement with Screen Giant, a major and successful
player in the high resolution LED outdoor screen business and looks
forward to assisting Screen Giant in expanding its global business."

On behalf of the Board of Directors

LIGNIN INDUSTRIES LTD.

Albert Yung, President

The Private Securities Litigation Reform Act of 1995 provides a "Safe
harbor" for forward-looking statements. Certain of the statements
contained herein, which are not historical facts, are forward-looking
statements with respect to events, the occurrence of which involved
risks and uncertainties. These forward-looking statements may be
impacted, either positively or negatively, by various factors.
Information concerning potential factors that could affect the company
is detailed from time to time in the company's reports filed with the
Securities and Exchange Commission.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Lignin Industries Ltd.
    Albert Yung
    President
    (403) 313-2585
    (403) 218-1732 (FAX)