Pallet Management Systems Secures New Financing

Business Wire, March 3, 1998

BOCA RATON, Fla.--(BUSINESS WIRE)--March 3, 1998--Pallet Management Systems, Inc. (OTC/BB:PALT) today announced that it had secured a $3,700,000 line of credit in a financing agreement signed with American Commercial Finance Corporation, a wholly-owned subsidiary of HPSC (NASDAQ:HPSC).

The new funding replaces the previous financing from NationsBank which was in the amount of $2,500,000. The increased line of credit is on approximately the same terms as NationsBank with additional inventory and equipment financing which had not been previously available.

"This new credit facility should provide us with the flexibility required to operate and expand our business," commented John C. Lucy III, chairman and CEO of the company.

Pallet Management Systems, Inc. is the first publicly-traded United States-based pallet company in the more than $5 billion U.S. pallet market. The company is a pioneer and leader in pallet management and recycling with operations along the East Coast of the United States. -0-

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 When used in this release, the words "should", "expect", "anticipate, "believe" and similar expressions are intended to identify forward-looking statements. Such statements express certain risks and uncertainties that could cause actual results to differ materially from forward-looking statements. See the company's annual report on form 10-K for the year ended June 27, 1997 and any 10Qs for a discussion of these and other risks and uncertainties applicable to the company's business.

CONTACT: Pallet Management Systems, Inc., Boca Raton

Zachary M. Richardson, President

561/338-7763

Email: gbpalt@aol.com Fax: 561-395-9934