Parallel Products Acquires New York Recycling Facility

Date: June 13, 2006

Source: Business Wire

Parallel Products announced today the purchase of Container Recycling Alliance, L.P.'s (CRA) beverage container recycling business located in Bronx, New York. CRA's Bronx facility is a great addition to Parallel Products' network, since both excel in secure processing of empty and full beverage containers, recovery of aluminum, PET, HDPE, cardboard and glass commodities; and logistics management. The existing management team and staff in the Bronx facility will continue to operate the business as employees of Parallel Products.

Parallel Products President and CEO Gene Kiesel stated, "We are excited about expanding our geographic reach to our core customers across the country. The strategic acquisition of CRA's Bronx facility will enable us to offer Parallel's trusted and secure recycling services to our East Coast and Mid-Atlantic customers in a more cost-effective manner."

Parallel Products, Inc. provides environmentally friendly brand protection and commodity recovery services to the beverage, pharmaceutical and cosmetics industries. These services include secure destruction of pre-consumer products; management of post-consumer beverage containers. Parallel has traditionally produced ethanol from sugar and alcohol waste streams; and managed glass, aluminum, and plastic commodities. Parallel Products holds bonds as a brewery, winery and distilled spirits producer, and is authorized to claim tax refunds for unsaleable alcoholic beverages from the Tax and Trade Bureau (TTB, formerly ATF).

According to Joe Gries, Director of Alcohol Operations, "Parallel Products converts sugar-based and/or alcohol-based consumer and industrial waste streams, that would otherwise be destined for landfills, incinerators or waste treatment facilities, into ethanol for automotive fuel and industrial markets. Therefore, Parallel Products provides an environmentally friendly recycling solution that produces a useful product from waste."

With the addition of the Bronx facility, serving the broader New York metro area, Parallel Products has four plants strategically located to provide coast-to-coast coverage. Other plants include Louisville, KY; Rancho Cucamonga, CA, serving Southern California; and Taunton, MA, serving the Northeast -- all of which are accessible by rail.

For more information, go to www.parallelproducts.com. Or call Parallel Products' national customer services group at 888.883.9100.

CONTACT: Parallel Products Hal Park, 502.634.0008 x45, halp@parallelproducts.com www.parallelproducts.com.

More information: www.parallelproducts.com.

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