BURNABY, BC, Mar. 1 /CNW/ - Poly-Pacific International Inc.
("Poly-Pacific" or the "Company") (TSX-V: "PMB"; OTCBB: "PLYPF"; Berlin:
"A0LGDN"; Frankfurt: "POZ") is pleased to announce that the City Council of
Kingston has approved an agreement at its counsel meeting held on February 27,
2007. This agreement, subject to certain conditions being fulfilled, will
allow Poly-Pacific to gain access for the assessment of fibre resource located
at the Kingston West (McAdoo) landfill site.
The City of Kingston wishes to investigate the potential for removal and
recycling polymer fibres (nylons and polyesters) that are believed to be
present in the former Kingston West Landfill Site (also know as the McAdoo
Lane Landfill). The McAdoo Lane Landfill Site was operated as a licensed
landfill from 1970 through to its closure in 1987. Although no formal records
of landfilling were kept, it is estimated that approximately 180,000 tonnes
(360 million pounds) of industrial waste were landfilled between 1970 and 1987
and that the overall volume of the present landfill is in the order of
1 million cubic metres.
Upon meeting the conditions as outlined in the access agreement, the City
of Kingston will grant Poly-Pacific a license to access the site for the sole
purpose of assessing the feasibility of extracting fibre resource from the
site. The term of this agreement continues until November 1, 2007, subject to
an extension by the mutual agreement of the parties.
Poly-Pacific has retained the engineering services of Kleinfeldt
Consultants Ltd. of Toronto, Ontario to undertake the assessment and
feasibility of this project.
Mr. Randy Hayward, President, states: "The McAdoo Lane Landfill site
presents Poly-Pacific with a unique opportunity to use our expertise to
reclaim significant quantities of a valuable fibre resource. Subject to
proving the commercial viability of this project, we are enthusiastic
regarding the economic benefits that will accrue to the City of Kingston and
the shareholders of Poly-Pacific."
Mr. Charlie Mignault, Director of Business Development of the Kingston
Economic Development Corporation (KEDCO) states: "Poly-Pacific, an
environmental remediation company with a strong R&D focus, is exactly the type
of business Kingston is looking for. I am confident that this opportunity will
leverage a strong manufacturing presence and create employment for our
manufacturing sector. This exciting opportunity is further evidence that
Kingston is the best place in Ontario to live, work and raise a family! The
Poly-Pacific advantage puts them in a cutting edge position and there are
strong indications of future growth for this company."
This release may contain forward looking statements. These statements are
based on management's current expectations and beliefs and are subject to a
number of risks and uncertainties that could cause actual results to differ
materially from those described in the forward looking statements.
Poly-Pacific does not assume any obligation to update any forward looking
information contained in this news release. We seek safe harbour.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the release.
For further information:
For further information: Randy Hayward, Phone: (604) 293-8885, Fax: