M  E  M  O  R  A  N  D  U  M

Dear Gentlemen/Ladies:

As a former investment banker for 13+ years I am quite excited about ours as well as your future in this industry. I believe the U.S. economy and it's financial markets will allow strong business expansion through 2005 with only minor economic setbacks. I believe many new as well as seasoned food and non-food products hitting the market will require our services which generate significant revenues for our industry.

As you know, we operate in a niche or specialized market that involves tin tie Duplex bags and poly-laminated foil valve bags. These bags, laminated to foil or lined with polypropylene, glassine or other paper materials that are used for gourmet coffee beans, cookies, pet treats to cosmetics. We also provide other items such as window and non-window folding boxes in basically the same sizes as our 1/2 lb. and 1 lb. tin tie bags as well as the shipper/isle displays that hold bags or boxes. We also maintain a high quality custom label program for our stock bags and much more.

You may also know, we are big on loyalty towards our active brokers, active distributors as well our staff and regional managers. We hold high all of our alliances as we move towards our goals in this industry.

I personally wish only the best for our forms and colleagues in this industry and I welcome any and all to join us as we grow in the new millennium. Have a great year!

I'll talk to you soon. (828) 898-2450

JLC/clc
cc: None