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September 29, 2008 - Plastinum Secures First Order of Mixed Plastic Compound Coming out of Household Waste

LOS ANGELES, Sept. 29 /PRNewswire-FirstCall/ -- Plastinum Polymer
Technologies Corp. (OTC Bulletin Board: PLNU) announced that it has entered into
a Letter of Intent with Creative Recycling Technologies, LLC, for the establishment
of a Joint Venture that will process mixed plastic E-Scrap in Tampa, Florida. The
establishment of the Joint Venture is subject to the negotiation and execution of a
mutually satisfactory definitive Joint Venture Agreement and related
documentation, which the parties intend to enter into by October 31, 2008.

Mr. Jacques Mot, President and Chief Executive Officer of Plastinum, said, 'With this

Letter of Intent, we established the foundation for our first commercial operation
in the USA. We are very proud to have the confidence and support of a technology
leader in processing E-Scrap, such as Creative Recycling. By combining both our
knowledge and expertise, we have closed the loop.'

Creative Recycling Systems, Inc. ('CRS') through its affiliated technology company

Creative Recycling Technologies, LLC, ('CRT') plans to integrate Plastinum's
proprietary technology into its current eco-friendly business model. 'We are
extremely excited to enter into this Joint Venture with Plastinum to create a total
recycling solution for mixed plastics. Recycling of plastics through the Blendymer
process provides for maximum reduction of our carbon footprint,' says Mr. Jon A.
Yob, President of both CRS and CRT.

About Plastinum Polymer Technologies Corp.:

Plastinum Polymer Technologies Corp., listed on The OTC Bulletin Board(R) (OTCBB)
(ticker symbol 'PLNU'), owns the patent rights associated with a
mechanical/chemical process through which multiple immiscible thermoplastics
can be blended.

Plastinum's proprietary polymer processing technology, Blendymer, uniquely
enables complete fusion, through mechano-chemical processing, of previously
incompatible polymers. Its technology (apart from recycling) therefore also enables
the creation of novel hybrid polymers.

Plastinum's mission is to commercialize the technology through applications in the
virgin plastic markets (polymer alloys) and the plastic recycling sector (i.e. recycling
of plastic from obsolete computer and other electronic equipment).

www.plastinum.com

About Creative Recycling Systems, Inc.:

Revolutionizing the electronics recycling industry, Creative Recycling Systems, Inc.
transforms e-scrap into valuable and usable commodities. Through world-class
processes, end-of-life electronics are recycled and circulated back into worldwide
production and electronic wastes are eradicated -- a true victory for the
environment.

Creative Recycling Systems, Inc.'s mission is to provide a responsible solution to the
global problem of electronic waste through education and environmentally sound
technology. Since 1994, the company has received many honors including
worldwide recognition in National Geographic Magazine's article, High-tech Trash,
in the January 2008 issue.

http://ngm.nationalgeographic.com/2008/01/high-tech-trash/carroll-text

http://www.crserecycling.com

Certain statements in this news release, including statements that we 'believe',
'expect', 'intend' or words of similar import, are forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact, included in this release,
including, without limitation, statements regarding our potential future plans and
objectives, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ materially from
those in the forward-looking statements include, among other things, the
following: general economic and business conditions; competition; unexpected
changes in technologies and technological advances; ability to commercialize and
manufacture products; results of experimental studies; research and development
activities; changes in, or failure to comply with, governmental regulations; and the
ability to obtain adequate financing in the future. This information is qualified in
its entirety by cautionary statements and risk factors disclosure contained in our
Securities and Exchange Commission filings available at http://www.sec.gov.

SOURCE Plastinum Polymer Technologies Corp.

Source: PR Newswire (September 29, 2008 - 8:31 AM EDT)

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