TORONTO, ONTARIO - June 27, 2007 -- Polyair Inter Pack Inc. (“PPK” or the “Company”) (TSX:PPK), announced today that its principal lender has agreed to extend the Company’s existing loan facilities to October 31, 2008 from the current maturity date of June 30, 2007. Under this revised agreement the Company’s operating line will be reduced from $18 million to $15 million to reflect lower borrowing requirements resulting from the sale of various assets and businesses and an improvement in profitability. Borrowing costs under the revised facility will also decline from the current level.

“I am pleased to report on the extension of the Company’s banking facilities. With the completion of the divestures of non-core businesses and the recently announced $6.9 million sale / leaseback of two of the Company’s manufacturing sites, the Company now has a stable financial platform from which to expand its business.” stated Victor D'Souza, the Company’s Chief Executive Officer.

Polyair Inter Pack Inc. (www.Polyair.com) manufactures and distributes a wide range of protective packaging products in North America. The Company operates eight manufacturing facilities, seven of which are in the US where it generates the majority of its sales.

Certain information included in this news release contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company, financing and the sale of non-packaging assets. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Polyair Inter Pack Inc. In addition, Polyair Inter Pack Inc. expressly disclaims any obligation to publicly update or alter its previously issued forward-looking statements.

For more information contact:
Stysia Reay
Polyair Inter Pack Inc.
Phone: 416-679-6591