Atlantis Plastics: Other News Release FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION: A. Richard Hurwitz Vice President, Corporate Communications (305) 858-2200 ATLANTIS PLASTICS ANNOUNCES THE SALE OF ITS TULSA CUSTOM FILM FACILITY ATLANTA, GA - (January 7, 1997) Atlantis Plastics, Inc. (ASE:AGH) today announced that it has sold its Tulsa, Oklahoma custom film facility to a group of private investors in a cash transaction. The sale price was $1.5 million. Net cash proceeds after taxes and expenses will be applied toward general corporate uses. Production at the Tulsa facility was consolidated into the Company's two other custom film manufacturing facilities in August of this year. Anthony F. Bova, President and CEO of Atlantis Plastics, commented, "We are pleased to announce our agreement to sell the Tulsa custom film facility. This is part of our previously-announced strategy to dispose of non-strategic assets, improve production efficiency, and lower production and overhead costs throughout our organization. Compared to 1995 levels, we have reduced our overall cost structure in excess of $7 million and our net debt to less than $95 million versus $115 million at December 31, 1995 and a high of over $142 million in May 1995. Looking forward, we will seek to concurrently grow our core businesses and identify additional cost reduction and production efficiency opportunities. We remain confident that the steps that we have taken so far will positively impact our profitability." Atlantis Plastics, Inc. is a leading U.S. manufacturer of polyethylene stretch and custom films and molded plastic products. Stretch films are used principally to stretchwrap pallets of materials for shipping or storage, and custom film products, which include high-grade laminating films, embossed films, and specialty film products, are marketed to the industrial and agricultural markets. Atlantis' molded plastic products are distributed primarily to original equipment manufacturers in the appliance, automotive, agricultural, and recreational vehicle industries. Additional information on Atlantis Plastics, Inc. is available on the Internet World Wide Web at this address: http://www.cfonews.com/agh; or interested parties may dial direct by modem to (718) 279-3590; or may send E-mail to cfo@panix.com, with the subject agh. ### Ends.