USPL - U.S. Plastic Lumber (USPL)

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NEWS: U.S. Plastic Lumber Corp. Announces Temporary Plant Closing Due to Explosion at Its Ocala Facility

BOCA RATON, Fla., Aug 19, 2003 (BUSINESS WIRE) -- U.S. Plastic Lumber Corp.

(OTCBB: USPL) today announced its Ocala Plant has been shut down temporarily due
to an explosion yesterday that resulted in one fatal accident. All employees
were immediately evacuated from the facility and were notified not to report to
work during the emergency closing. The accident occurred in an outdoor recycled
wood drying area. As a result of the accident, an employee was fatally injured
while working near the outdoor wood dryer system, where an apparent gas
explosion took place during the start-up of the unit.

Recycled wood is used solely in the Company's composite decking products, which
was the area effected by the incident. All other product lines manufactured at
the Ocala plant sustained no damage.

Mark Alsentzer, Chairman, CEO and President of USPL stated, "We are deeply
saddened by the fatality caused by this accident. The safety of our employees is
of the utmost importance to both the company and myself. We are actively
investigating the cause of the accident and will take the necessary steps to
ensure the safety of our employees."

The Ocala plant manufactures composite decking products made from recycled wood
and recycled plastic resin. The Company anticipates the plant will be closed for
a short period, approximately one to two weeks, while it completes an
investigation into the accident and its causes and commences repairs in order to
resume production.

U.S. Plastic Lumber Corp. is engaged in the manufacture of plastic lumber,
returnable packaging and other value added products from recycled plastic. U.S.
Plastic Lumber is the nation's largest producer of 100% HDPE recycled plastic
lumber. Headquartered in Boca Raton, Florida, USPL is a highly integrated,
nationwide processor of a wide range of products made from recycled plastic
feedstocks. USPL creates high quality, competitive building materials,
furnishings, and industrial supplies by processing plastic waste streams into
purified, consistent products. USPL's products are environmentally responsible
and are both aesthetically pleasing and maintenance friendly. They include such
brand names as Carefree Xteriors(R), RecycleDesign(TM), Trimax(R), Earth
Care(TM), and OEM products including Cyclewood(R). USPL currently operates three
plastic manufacturing centers.

Certain statements and information included in this press release constitute
``forward-looking statements' within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. When used in this press release, the
words or phrases "will likely result", "are expected to", "will continue", "is
anticipated", "estimate", "projected", "intends to" or similar expressions are
intended to identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are subject to
certain risks, known and unknown, and uncertainties, including but not limited
to risks associated with the Company's credit facilities and liquidity, the
ability to obtain adequate financing on commercially acceptable terms, economic
conditions, demand for products and services of the Company, newly developing
technologies, the Company's ability to compete, regulatory matters, protection
of the Company's proprietary technology, the effects of competition from
entities with greater financial resources than that possessed by the Company and
shareholder dilution. Such factors could materially adversely affect the
Company's financial performance and could cause the Company's actual results for
future periods to differ materially from any opinions or statements expressed
within this press release. Additional discussion of such factors that could
cause actual results to differ materially from management's projections,
forecasts, estimates and expectations is contained in the Company's SEC filings.

SOURCE: U.S. Plastic Lumber Corp.
CONTACT: U.S. Plastic Lumber Corp., Boca Raton
Mark S. Alsentzer or Michael D. Schmidt, 561/394-3511
or
KCSA Worldwide, New York
Evan Smith or Erica Pettit
212/896-1251 or 212/896-1248

http://quotes.freerealtime.com/rt/frt/N?symbol=USPL&art=C2003081900231b7723&SA=Latest%20News


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