EDMONTON, ALBERTA, March __ , 2008 (CCNMatthews via COMTEX News Network) -- Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE: PMB) (OTCBB: PLYPF) (BERLIN: A0LGDN) (FRANKFURT: POZ) is pleased to announce the results of the suspected waste nylon samples recovered from the McAdoo’s Lane Landfill Site (“McAdoo”), located in Kingston, Ontario.
As previously announced in our news release of March 11, 2008, we were very encouraged about our positive drilling results on the McAdoo Landfill Site. Six of the eight boreholes drilled on the north and central areas of the site contained Nylon close to the surface, extending to depths reaching ten metres. These results exceeded the Company’s expectations.
Test samples of nylon were recovered from the McAdoo Landfill during this successful drilling program, which was conducted and supervised by XCG Consultants Ltd. between February 11 and February 13, 2008.
The submitted samples underwent Infrared and Thermal Characterization analysis. The samples were analyzed according to the specified test methods.
The generated data showed all samples are consistent with Polyamide (Nylon 6.6).
Nylon 6.6 is the most common commercial grade of nylon and is in high demand worldwide.
Nylon 6.6's longer molecular chain and denser structure qualifies it as a premium nylon fibre. Nylon 6.6 has the highest melting point (256° C) of all synthetic fibres, making it the most resistant to heat and friction - enabling it to withstand excellent heat setting for twist retention.
Nylon 6.6 is a part of the second largest industry in the world – the polymer industry. Nylon is a plastic that requires petroleum derivatives in its manufacturing process. As oil touches record price levels, the enormous demand for nylon will also see its commodity price rise.
Poly-Pacific stands out as an innovator in the recycling of nylon. It is one of the first companies in the world that can claim to be experts in reclamation. This leading
position and experience will show significant benefits in the future.
The Company is also pleased to announce the full repayment of a debenture in the sum of $300,000. As announced on August 2, 2007, the proceeds from the Debenture were used to satisfy the City of Kingston’s request of a $300,000 Letter of Credit. The full amount of the Letter of Credit remains in place with the City of Kingston, to allow the McAdoo project to continue as planned.
Poly-Pacific is an innovator in eco-friendly solutions to Industrial Waste by-products.
We are actively and successfully pursuing the reclamation of industrial polymers throughout the world.
The significance and importance of recycling and reclaiming industrial waste has become an important global issue. At Poly-Pacific, we are focused on benefiting our planet by exploring and pursuing new environmentally sound methods and technologies in recycling, while creating significant value for our shareholders as the leading company in the reclamation sector.
This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Poly-Pacific does not assume any obligation to update any forward looking information contained in this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Poly-Pacific International Inc.
Randy Hayward
President and Chief Executive Officer
(778) 786-1230
Email: info@polypacific.ca
Website: www.poly-pacific.com
