AHL Ameriplas Holdings Ltd

Ameriplas Holdings Ltd. (the "Company") (TSX VENTURE:AHL) is pleased to announce
that yesterday it closed its previously announced disposition of its
wholly-owned subsidiary, Ameriplas International Inc., to Andre Lussier, Clement
Lussier and Francois Fournier, each of whom are directors of the Company.


Upon closing of the Transaction, Andre Lussier, Clement Lussier and Francois
Fournier resigned as directors and officers of the Company and the Company
appointed Raymond Fast and Marc Blythe as directors of the Company and Aurora
Catibog as the Chief Financial Officer of the Company. The Company's audit
committee consists of Kenneth Morgan, Raymond Fast and Marc Blythe. All of the
members of the Company's audit committee will be independent, as that term is
defined in NI 52-110, except for Kenneth Morgan who is the Chief Executive
Officer of the Company.


Raymond Fast is President of DDS eFleet Services, Inc., a DDS Wireless
International company. Mr. Fast has 24 years of management experience in
engineering, business development and business operations. Previously, he was
the Vice President, Telecommunications Strategy and Business Development for
webBASIS Inc. and Chief Operating Officer for Image Power Inc. and Cyberion
Networking Corp. Mr. Fast holds a Bachelor of Science degree in Electrical
Engineering from LeTourneau University in Texas and is a professional engineer
with the Association of Professional Engineers and Geoscientists of BC.


Marc Blythe has a Master of Business Administration from La Trobe University in
Melbourne and a Bachelor of Mining Engineering degree from the Western
Australian School of Mines. Mr. Blythe is currently and has been since September
2006, Vice President, Mining of Almaden Minerals Ltd. He was Corporate Senior
Mining Engineer for Placer Dome Inc. based in Vancouver from 2004 until 2006,
where he completed internal and external mine evaluation, including advising on
potential acquisitions and mining technology implementation.


Aurora Catibog has more than 10 years experience in public company accounting
and financial reporting. She was Controller of Petaquilla Minerals Ltd.,
Petaquilla Copper Ltd. and Strategem Capital Corporation from 2004 to 2008. Ms.
Catibog is currently involved with a number of private companies doing
accounting system setup, audit support and tax work. She has completed the CGA
program, receiving Honours standing in the PA1 Final Exam and will receive her
CGA designation in August 2010.


It is expected that on or about July 13, 2010, the Company will change its name
from "Ameriplas Holdings Ltd." to "Downtown Industries Ltd." and the trading
symbol for the Company will change to "DWN.H". In connection with this change of
name, the Company will also consolidate its share capital on a 20 old shares for
one share basis. Following the share consolidation, the Company will have
1,252,269 common shares outstanding.


As the Company no longer satisfies the Tier 2 maintenance requirements for a TSX
Venture Exchange (the "Exchange") Tier 2 issuer, it is expected that the
Company's common shares will be transferred to the NEX board of the Exchange on
or about July 13, 2010.


Further particulars regarding the transaction are disclosed in the Company's
news releases dated April 12, 2010, May 12, 2010, May 21, 2010 and June 28,
2010.


ON BEHALF OF THE BOARD

Ken Morgan, Chief Executive Officer

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