Treasury International Inc. agrees to acquire Mega Blow Moulding Limited

Business Wire, June 26, 1996

TORONTO--(BUSINESS WIRE)--June 26, 1996--Treasury International Inc. (OTC BB:TREY) announced Wednesday that it has signed a purchase agreement to acquire 100 percent of the Common Stock of Mega Blow Moulding Limited, a major manufacturer and exporter of diversified plastic container products for the food, pharmaceutical and health & beauty industries.

"Mega Blow Moulding has been in business for over 11 years with manufacturing facilities in Toronto, Canada. Mega Blow will retain the valued expertise of its founder Bill Sarantos, a seasoned executive with over 20 years experience in this industry," said Treasury International's Chairman and Chief Executive Officer, James Hal.

"Mega Blow Moulding has historically focused on the North American market. With a strong base in the plastic container market, our corporate strategy is to have Mega Blow profitably exploit the fast growing South American and emerging Eastern European markets," added Hal.

Under the terms of the acquisition agreement, Treasury International Inc. will satisfy the purchase price for Mega Blow Moulding Limited with a combination of cash and the issuance of a promissory note payable over three years. Completion of this transaction is subject to Treasury International securing financing. Treasury International Inc. has engaged the services of Heritage Capital Corp. of New York City which has primary responsibility for securing financing.

This latest agreement is the third of four planned acquisitions during the current fiscal year. On June 19, 1996 Treasury International signed the first purchase agreement to acquire The Isometric Group, a leading Manufacturer/Exporter of concrete fasteners for the construction industry. In addition, on June 20, 1996, Treasury International signed the second purchase agreement to acquire Silver 925 Inc., a major Distributor/Exporter in the fashion Industry.

Mega Blow is part of Treasury International Inc.'s aggressive expansion strategy to establish itself as an industry leader in the international distribution of consumer and industrial products globally.

CONTACT: Treasury International Inc.

Nathalie Elfassy, 800/461-1393, ext. 220

or

Continental Capital & Equity Corp.

Michael Irving, 407/875-1110

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