Plymouth Rubber Company, Inc. to Voluntarily Seek Delisting from the AMEX

Plymouth Rubber Company, Inc. to Voluntarily Seek Delisting from
the AMEX 


CANTON, Mass., Nov. 30  /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc.
(AMEX:PLR.AAMEX:PLR.B) today announced that it has filed an application with
the Securities and Exchange Commission pursuant to Section 12(d) of the
Exchange Act to voluntarily delist its Class A Common Stock and Class B Common
Stock from the AMEX.

Since May 2003, the Company had received several notifications from the AMEX
that the Company was not in compliance with AMEX quantitative listing
standards, related to both minimum shareholders' equity and minimum aggregate
publicly held market values for its Class A and Class B Common Stock.  In the
summer of 2003, the Company submitted and the AMEX approved a plan by which the
Company would be brought back into compliance with AMEX's listing standards by
the end of fiscal 2004.  The Company is not currently in compliance with these
listing standards.

The Company has evaluated (1) its current non-compliance with the continued
quantitative listing standards and (2) it's continuing difficulty in attempting
to regain ongoing compliance with these AMEX standards.  Given the likelihood
that the Company will not attain compliance with these quantitative standards
by December 3, 2004, the end of its current fiscal year, the Board of Directors
has concluded that the Company should withdraw its Class A and Class B Common
Stock issues from listing with the AMEX on a voluntary, rather than
involuntary, basis.

The Company is considering the alternative OTC markets that may be available to
the Class A Common Stock and the Class B Common Stock.  The Company is also
considering whether either or both of such classes of stock may be eligible for
deregistration under the Securities Exchange Act of 1934 and the rules and
regulations of the Securities and Exchange Commission thereunder, in which
event the Company's obligation to file reports under Section 13 of the Exchange
Act with the Securities and Exchange Commission could be terminated.

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


DATASOURCE: Plymouth Rubber Company, Inc.



CONTACT:  Joseph J. Berns, Vice President - Finance of Plymouth Rubber

Company, Inc., [phone] Ext. 1377



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

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