Pallet Management Systems, Inc. Postpones Annual Meeting

Business Wire, Dec 10, 1999

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 10, 1999--

Pallet Management Systems, Inc. (OTCBB:PALT) today announced that it had postponed its annual meeting currently scheduled for December 16, 1999.

The Company does not expect to get a sufficient number of votes to have a quorum for the meeting. The meeting is expected to be held in mid-January.

Pallet Management Systems, Inc. is the first publicly traded pallet company in the United States in the estimated $6 billion U.S. pallet industry. The company is a leader in pallet supplies, pallet retrieval, pallet repair, and packaging logistics management.

"SAFE HARBOR" STATEMENT

Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations. See the company's Form 10-KSB for the year ended June 26, 1999, for a discussion of these and other risks and conditions applicable to the company's business.