Admiral Packaging, Inc.

PROVIDENCE, RI, August 1, 2005 -- Union Industries, Inc., a nationwide leader in flexible packaging, announces it has changed its name to Admiral Packaging, Inc. in order to more accurately reflect its primary line of business and the markets it serves. As Admiral Packaging, the Company plans to expand its business through strategic marketing and manufacturing initiatives, which include recent investments in state-of-the-art laminating and converting equipment.

The 107-year-old Providence, Rhode Island-based Company has enjoyed continued success by providing packaging solutions to a national customer base comprised primarily of manufacturers of frozen and refrigerated foods, coffee, baked goods, confections and industrial products. This success has largely been achieved through an ongoing investment in the most advanced flexible printing technology and by placing an emphasis on quality and service, two hallmarks of the family business for more than four generations.

"Due to the growth of our packaging business, the name 'Admiral Packaging' more accurately communicates the type of business we're in now and will continue to be in for the long term," said Harley A. Frank, President of Admiral Packaging, Inc. "The new name and corporate identity more clearly reinforces our position as a progressive, technological leader in the flexible packaging industry."

The latest example of Admiral's commitment to provide the highest quality product for its customers was the recent purchase and installation of its Nordmeccanica Super Duplex Compact SL laminator, the first of its kind in the United States, provides quality laminations at speeds up to 2,000 feet per minute.

"The benefits our customers are already realizing with our new laminator fulfill our mission to provide innovative, high quality packaging on time and at competitive prices," continued Frank. "When you add our expertise and experience to the mix, it becomes a winning formula that is very hard to find in our industry."

Admiral Packaging, Inc., headquartered in Providence, Rhode Island, has steadily grown to become a leading independent converter in the flexible printing and laminating business. Founded as Union Paper Co. by Moses Frank in 1898, the company expanded its capabilities in 1953 when Bud and Melvin Frank added a converting division. Today, Admiral Packaging offers a full range of products and services for the flexible packaging industry, from printing and laminating to slitting and converting. Admiral Packaging also continues to operate Union Paper Company as a wholesale distributor of packaging materials.

For more information on the Company's name change or the Nordmeccanica Super Duplex Compact SL laminator, please visit the Company's new web site at www.admiralpkg.com or contact Harley A. Frank, President of Admiral Packaging, Inc. at 10 Admiral Street, Providence, RI 02908; phone: 800-556-6454 or (401) 274-7000; fax: (401) 331-1910; e-mail: hfrank@admiralpkg.com.