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James B. Hamilton
28355 N. Bradley Road
847.367.5990 office
Lake Forest, Illinois 60045

JIM HAMILTON APPOINTED NEW COLBERT PACKAGING PRESIDENT

LAKE FOREST, Ill., Aug. 4, 2004 - The board of directors of Colbert Packaging Corporation, a leading manufacturer of folding cartons, rigid paper boxes and paperboard specialty products, today announced that they have selected James B. Hamilton as its new president. The change in executive management this week follows the untimely death of the company's former president, Edward J. Baker, who was killed in a tragic car accident last Friday.

Hamilton began his professional career at Colbert Packaging nearly three decades ago. Since 1997, he has served as the executive vice president and a member of the board of directors. He was primarily responsible for overseeing the company's sales, marketing and customer support operations, spanning their four locations. In his new role, Hamilton will exercise leadership over the company's overall strategy and ongoing direction, as Colbert Packaging continues its traditional packaging operations while expanding into new lines of business.

"There are times like this, the truly unexpected, that test us as a company and as individuals," said Hamilton. "Ed Baker would have wanted us to continue on in building positive momentum in all the areas of expertise for which Colbert Packaging has become known. It is with this mission and a continued commitment to providing our customers with innovative products and unparalleled customer care that I take over the post of president of Colbert Packaging."

For more information, call 847.367.5990.

About Colbert Packaging Corporation
Since its founding in 1959, Colbert Packaging Corporation has built a solid reputation as a manufacturer of the highest quality folding cartons, rigid paper boxes and paperboard specialty products. The company's folding carton, flexographic packaging and pressure sensitive label operations are based in Lake Forest, Ill.; their rigid paper box and contract packaging facilities are located in South Bend, Ind.; and an additional folding carton facility is based in Elkhart, Ind. For more information about Colbert Packaging Corporation, visit www.colbertpkg.com.