SHELTON, CONN., November 27 /CNW/ - Panolam Industries International,
Inc. announced today the expiration of its offer to exchange its outstanding
10 3/4% Senior Subordinated Notes due 2013, which have been registered under
the Securities Act of 1933, for an equal principal amount of its outstanding
10 3/4% Senior Subordinated Notes due 2013 (the "old notes"). The exchange
offer, which commenced on October 24, 2007, expired at 5:00 p.m., New York
City time, on November 23, 2007.
All outstanding old notes were validly tendered and not withdrawn on or
before the expiration date. The Company expects to promptly deliver a like
principal amount of registered notes for the old notes accepted in the
exchange offer. Documents describing the terms of the exchange offer,
including the prospectus and transmittal materials, can be obtained from the
exchange agent, Wells Fargo Bank, N.A., Corporate Trust Operations, Sixth and
Marquette, MAC N9303-121, Minneapolis, MN 55479, telephone (800) 344-5128.
This press release is for informational purposes only and is not an offer
to buy or the solicitation of an offer to sell any securities of Panolam
Industries. The exchange offer has been completed and was only made pursuant
to the exchange offer documents, including the prospectus and the letter of
transmittal that was filed with the Securities and Exchange Commission.
About Panolam Industries International, Inc.
Headquartered in Shelton, Connecticut, Panolam Industries is a leading
designer, manufacturer and distributor of decorative laminates used in a wide
variety of commercial and residential indoor surfacing applications in the
United States and Canada. In addition to decorative laminates, the Company
also manufactures and distributes industrial laminate products and specialty
resins for industrial uses.
For further information:
For further information: Panolam Industries International, Inc. Vincent
Miceli, 203-925-1556 ext. 2263