CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--March 10, 2005--American Pallet Leasing, Inc. (OTCBB: APLS), a vertically integrated manufacturer and logistical supplier of pallets, announced today that its Blacksburg, South Carolina Sawmill will increase lumber production by 800,000 board feet per month to fulfill a $15 million, three year contract with G&G/Cherokee Wood, Inc., a leading Southeastern lumber broker. The contract is part of an agreement struck when APL purchased the Blacksburg facility from G&G in August, 2004.

APL's Chief Executive Officer, Timothy R. Bumgarner, said that the Blacksburg lumber mill has ample capacity to meet and exceed that level of production. "Milling that amount of high quality pine lumber for G&G will in no way hamper pallet production, since we rely, to a large extent, on remnant lumber to build pallets. It truly demonstrates the efficiency of our operation, in which nearly every scrap of lumber is used to generate maximum revenue of over 40% gross profit margin. We anticipate that, based on the G&G contract and our current sales rates of pallets and lumber, APL's revenue from the Blacksburg facility should reach at least $9 million for 2005. Presently, we are negotiating the purchase of other saw mills that we believe will be equally productive and further add to our revenue for the year," Mr. Bumgarner said.

About American Pallet Leasing Inc.

APL is a vertically integrated manufacturer and logistical supplier of pallets. The Company is engaged in an acquisition roll-up of strategically located wood pallet manufacturers and saw (lumber) mills. Management's goal is to create a "Closed Loop Distribution System" by transforming the $1.6 billion-per-year pallet business from a commodity industry into a logistics management enterprise that will supply and manage the pallet requirements of manufacturers and distributors. APL currently owns one saw mill and intends to acquire others as an efficient means of sourcing lumber for its wood pallet manufacturing operations. APL also holds patents on proprietary galvanized steel pallets and intends to begin manufacturing them upon receipt of additional capital. So far, all of APL's revenue has come from its sawmill operations, but the Company currently is negotiating management and logistics contracts to supply and manage the customers' complete pallet needs.

Disclosure Statement

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. APL's intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) APL's' expected revenue and earnings growth; and (2) estimates regarding the size of target markets. These statements are qualified by important factors that could cause APL's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) APL's ability to obtain development financing as and when needed, (2) APL's ability to generate and sustain profitable operations; (3) the market's acceptance of APL's products and services; (4) significant competition from other pallet manufacturers and suppliers, and (5) APL's ability to protect its intellectual property. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties as more fully described in the company's periodic filings with the Securities and Exchange Commission.

Contacts

American Pallet Leasing Inc.
Timothy R. Bumgarner or Byron Hudson, 864-936-7000
or
EPOCH Financial Group
James Kautz or Todd Atenhan, 888-917-5105