25/08/05 American Pallet Leasing Names James F. Crigler
President and CEO
American Pallet Leasing, Inc. (OTCBB:APLS), a vertically integrated manufacturer and logistical supplier of pallets, announced today that James F. Crigler has been named President and Chief Executive Officer of the Company, effective August 23, 2005. Mr. Crigler, a Director of the Company since April 2004, has played a key role in the financial and management development of APL during the past year.
With an extensive background in Architectural design and building construction, Mr. Crigler was responsible for the design and development of several medium to large size subdivisions in the Greater St. Louis area in the mid-fifties. Due to his pioneering efforts with innovative construction techniques, in the Saint Louis market, he and his construction company earned the title "builder of the year" for 1956.
In 1961 Mr. Crigler worked with a major glass company to develop its contract division, and in 1968 he formed the glass and glazing division for Crescent Erection Company, which was engaged in erecting curtain walls and windows for major construction projects throughout the United States. Expanding on his experience with such projects, Mr. Crigler founded a company in 1972 that developed various techniques for installation of curtain walls and high-rise building cladding and windows.
Since 1980, Mr. Crigler has been a partner in C & L Associates, a tax accounting firm with offices in Glenview, Illinois and St. Petersburg, Florida. He is also a director of Cala Group, Inc., which owns certain U.S. and Canadian rights pertaining to the products of Bio-Claire International, a manufacturer of natural water purification products and systems.
Timothy R. Bumgarner will continue as APL's Chairman of the Board, and will focus primarily on market development.
About American Pallet Leasing Inc.
APL is a vertically integrated manufacturer and logistical supplier of pallets. The Company is engaged in an acquisition roll-up of strategically located wood pallet manufacturers and saw (lumber) mills. Management's goal is to create a "Closed Loop Distribution System" by transforming the $1.6 billion-per-year pallet business from a commodity industry into a logistics management enterprise that will supply and manage the pallet requirements of manufacturers and distributors. APL currently owns one saw mill and intends to acquire others as an efficient means of sourcing lumber for its wood pallet manufacturing operations. APL also holds patents on proprietary galvanized steel pallets and intends to begin manufacturing them upon receipt of additional capital. So far, all of APL's revenue has come from its sawmill operations, but the Company currently is negotiating management and logistics contracts to supply and manage the customers' complete pallet needs.