PLR.B Plymouth Rubber CO, (Class B)

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 (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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