Plymouth Rubber Company, Inc. Reports a Profit and Improved Results for the Second Quarter of Fiscal 2004

Plymouth Rubber Company, Inc. Reports a Profit and Improved
Results for the Second Quarter of Fiscal 2004 


CANTON, Mass., July 12  /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc.
(AMEX:PLR.AAMEX:-AMEX:NewsAMEX:PLR.BAMEX:-AMEX:News) announced today financial
results for the second quarter ended May 28, 2004.

Plymouth's second quarter 2004 sales increased 9% to $19,973,000, from
$18,287,000 in 2003.  Net income for the second quarter increased to a profit
of $554,000, or a profit of $0.27 diluted earnings per share, compared to a
loss of $184,000, or a loss of $0.09 diluted earnings per share in 2003.

For the first half of 2004, sales were $34,795,000, a 9% increase from
$31,830,000 last year.  Net loss for the first half decreased to a loss of
$243,000, or a loss of $0.12 diluted earnings per share, from a loss of
$1,564,000, or a loss of $0.76 diluted earnings per share last year.

"We are pleased by our continued improvement in the first half of 2004," stated
Maurice J. Hamilburg, Plymouth's President and Co-CEO.  "The second quarter was
especially encouraging, as it resulted in our first quarterly profit from
continuing operations since the third quarter of 2002.  We continue to plan for
higher sales for the remainder of 2004 and a return to profitability for the
year."

Plymouth Rubber Company, Inc. manufactures and distributes plastic and rubber
products, including automotive tapes, insulating tapes, and other industrial
tapes and films. The Company's tape products are used by the electrical supply
industry, electric utilities, and automotive and other original equipment
manufacturers. Through its Brite-Line Technologies subsidiary, Plymouth
manufactures and supplies highway marking products. This release contains
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. The
Company's actual results could differ materially from those set forth in the
forward-looking statements as a result of various factors, including those
referenced in the "Management's Discussion and Analysis" section of the
Company's most recent Quarterly Report on Form 10-Q and Annual Report on Form
10-K which are on file with the SEC.

   Contact:
   Joseph J. Berns
   Vice President -- Finance
   [phone] Ext. 1377
   Source: Plymouth Rubber Company, Inc.

                              Table Follows


                Plymouth Rubber Company Reports Financial
              Results for the Second Quarter of Fiscal 2004

                               (Continued)

            (in Thousands, Except Share and Per Share Amounts)
                               (Unaudited)


                           Second Quarter Ended         Six Months Ended
                         May 28,      May 30,      May 28,      May 30,
                            2004         2003         2004         2003


  Net Sales              $19,973      $18,287      $34,795      $31,830
  Net Income (Loss)        $ 554       $(184)       $(243)     $(1,564)

  Per Share Data:

  Basic Earnings Per Share:

  Net Income (Loss)        $0.27      $(0.09)      $(0.12)      $(0.76)

  Weighted average shares
   outstanding         2,058,976    2,058,976    2,058,976    2,058,976


  Diluted Earnings Per Share:

  Net Income (Loss)        $0.27      $(0.09)      $(0.12)      $(0.76)

  Weighted average shares
   outstanding         2,058,976    2,058,976    2,058,976    2,058,976


DATASOURCE: Plymouth Rubber Company, Inc.



CONTACT:  Joseph J. Berns, Vice President - Finance of [phone]

Ext. 1377



Web site:  http://www.plymouthrubber.com/

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