MASSENA, N.Y., April 26, 2007 (PRIME NEWSWIRE) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company"), a plastic manufacturing company with its offices in Utah, and an audio record production group, announced today that sales have almost more than doubled for the 1st quarter 2007 in comparison to 1st quarter 2006. Last year the sales for January, February and March were $432,974.00 and in the same time frame for 2007, sales were $833,520.00. Management is confident that this trend will continue as the company continues to seek and expand its product lines in both the plastics and music divisions.
The Company would like to reassure its investors that it is still moving forward with the potential acquisition with AgPro. Thomas Gramuglia, CEO of Michelex, recently returned from an overseas trip in which the company is in process of soliciting bids on equipment for the Biodiesel Production Plant which would yield a capacity of 200 tons per day. This solicitation of equipment also included Glycerine Purification and Concentration equipment (Capacity: 40 TPD), Glycerine Distillation and Refining (Capacity: 25 TPD) & Esterfication (Capacity: 10 TPD).
Thomas Gramuglia stated, "This European trip also proved to be very beneficial as cooperation and interest was formed with my family's olive oil business (Oliveri Oil, Italy). The Company will be able to utilize Oliveri's many years of expertise in developing edible oil products here in the states, with an emphasis on transfat free oils."
ABOUT MICHELEX
Michelex Plastics, founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio - Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products - Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.