Polyair Inter Pack Inc.

Polyair Inter Pack Inc.

January 24, 2006 17:52 ET

Polyair Inter Pack Inc. Announces CEO Resignation

TORONTO, ONTARIO--(CCNMatthews - Jan. 24, 2006) - Polyair Inter Pack Inc (TSX:PPK)(AMEX:PPK) announces that its Board of Directors has accepted the resignation of Henry Schnurbach as President and CEO as Mr. Schnurbach will pursue other opportunities. Mr. Schnurbach will continue with his responsibilities while the board assesses replacement options.

Fred Litwin, Chairman states that "the Divisional Presidents, Alan Castle and Gary Crandall will be responsible for the day to day operations of their respective divisions and in the interim period will continue to report to Mr. Schnurbach. We thank Henry for his long history of service to Polyair, wish him the best on his future endeavours and look forward to continuing to work with him to ensure a smooth transition."

Polyair Inter Pack Inc. (www. Polyair.com) in its Polyair Packaging and Cantar Divisions manufactures and distributes a wide range of protective packaging products and swimming pool products. These products are sold to distributors and retailers across North America. The company operates eleven manufacturing facilities, seven of which are in the US where it generates the majority of its sales.

Certain information included in this release contains statements that are forward looking. Such forward-looking information involves risks and uncertainties that could significantly affect anticipated results in the future. We caution that forward-looking statements should not be regarded as a representation by the company that the future plans, estimates, or expectations contemplated by us will in fact be achieved. Please refer to the company's reports filed with the TSX and SEC for a description of the business environment in which it operates and important factors that may materially affect its results. Polyair Inter Pack Inc. is not under any obligation, and expressly disclaims any such obligation, to update or alter its forward-looking statements.

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