Plymouth Rubber Company, Inc. Reports Improved Financial Results for the Third Quarter of Fiscal 2004

Plymouth Rubber Company, Inc. Reports Improved Financial Results
for the Third Quarter of Fiscal 2004 


CANTON, Mass., Oct. 12  /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc.
(AMEX:PLR.AAMEX:PLR.B) today announced financial results for the third quarter
of fiscal 2004 ended August 27, 2004.

Plymouth's third quarter 2004 sales increased 13% to $18,077,000, from
$15,970,000 in 2003.  Net loss for the third quarter decreased to a loss of
$771,000, or a loss of $0.37 diluted earnings per share, compared to a loss of
$1,118,000, or a loss of $0.54 diluted earnings per share in 2003.  The third
quarter was adversely affected by a $598,000 excise tax accrual, from which the
Company is seeking to obtain some relief, pending a decision by the IRS.

For the first nine months of 2004, sales were $52,872,000, an 11% increase from
$47,800,000 last year.  Net loss for the first nine months decreased to a loss
of $1,014,000, or a loss of $0.49 diluted earnings per share, from a loss of
$2,682,000, or a loss of $1.30 diluted earnings per share last year.

"Despite our excise tax accrual, we continue to be encouraged by our financial
improvement in operations in fiscal 2004, especially by our double digit sales
growth for the third quarter and the year, although continued high costs for
raw materials and energy, have somewhat moderated the year to year
profitability improvement," stated Maurice J. Hamilburg, Plymouth's President
and Co-CEO.  "We plan for continued higher sales and improvements for the
remainder of 2004."

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 Annual Report on Form 10-K,
which is on file with the SEC.

   Contact:
   Joseph J. Berns
   Vice President - Finance
   [phone] Ext. 1377

                              Table Follows


                Plymouth Rubber Company Reports Financial
               Results for the Third Quarter of Fiscal 2004
            (in Thousands, Except Share and Per Share Amounts)
                               (Unaudited)


                          Third Quarter Ended        Nine Months Ended
                        Aug. 27,     Aug. 29,     Aug. 27,     Aug. 29,
                            2004         2003         2004         2003

  Net Sales              $18,077      $15,970      $52,872      $47,800
  Net Income (Loss)       $(771)     $(1,118)     $(1,014)     $(2,682)

  Per Share Data:

  Basic Earnings Per Share:

  Net Income (Loss)      $(0.37)      $(0.54)      $(0.49)      $(1.30)

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


  Diluted Earnings Per Share:

  Net Income (Loss)      $(0.37)      $(0.54)      $(0.49)      $(1.30)

  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 Plymouth Rubber

Company, [phone] ext. 1377



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

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