Plymouth Rubber Company, Inc. Notified of Non-Compliance with Listing Standards by the American Stock Exchange

Share Name	Share Symbol	Market	Type
Plymouth Rubber CO, (Class B)	AMEX:PLR.B	AMEX	Ordinary Share

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Plymouth Rubber CO, (Class B)

AMEX:PLR.B

AMEX

Ordinary Share

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Plymouth Rubber Company, Inc. Notified of Non-Compliance with Listing Standards by the American Stock Exchange

31/12/2003 9:30pm

PR Newswire (US)

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Plymouth Rubber Company, Inc. Notified of Non-Compliance with Listing Standards by the American Stock Exchange CANTON, Mass., Dec. 31 /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc. (the "Company" -- Amex: PLR.A - News, PLR.B - News) announced today that it received notification from the American Stock Exchange ("AMEX") that the Company's Class A Common Stock and Class B Common Stock are each subject to delisting for having aggregate publicly held market values of less than $1,000,000 for more than 90 consecutive days. In order for the Company to maintain the listings of its Common Stock, it must submit a plan, subject to acceptance by AMEX, by January 26, 2004 advising the AMEX of actions to bring it into compliance with continued listing standards by March 10, 2004. The Company is considering the feasibility of such a plan of compliance and expects to advise AMEX in a timely fashion whether it will submit a compliance plan or pursue alternatives to continued AMEX listing. As previously announced, the AMEX had accepted a plan submitted by the Company in June, 2003, to regain compliance by November 2004 with listing standards related to minimum shareholder equity and losses in prior fiscal years. 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 (781) 828-0220 Ext. 1377 DATASOURCE: Plymouth Rubber Company, Inc. CONTACT: Joseph J. Berns, Vice President -- Finance of Plymouth Rubber Company, Inc., +1-781-828-0220 Ext. 1377 Web site: http://www.plymouthrubber.com/

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PLR.B Plymouth Rubber CO, (Class B)