Downtown Industries Ltd. Announces Completion of Name Change and Consolidation and Transfer to NEX

VANCOUVER, July 16, 2010 – Downtown Industries Ltd. (the “Company”) (TSXV: DWN.H) is pleased to announce that effective as of the opening of the market on July 13, 2010 it changed its name from “Ameriplas Holdings Ltd.” to “Downtown Industries Ltd.” and the trading symbol for the Company changed to “DWN.H”. In connection with this change of name, the Company also announces that it has consolidated its share capital on a 20 old shares for one share basis. Following the share consolidation, the Company has 1,252,270 common shares outstanding.

As the Company no longer satisfies the Tier 2 maintenance requirements for a TSX Venture Exchange (the “Exchange”) Tier 2 issuer, the Company’s common shares were transferred to the NEX board of the Exchange effective as of the opening of the market on July 13, 2010.

ON BEHALF OF THE BOARD Ken Morgan Chief Executive Officer

For more information, please contact:

Downtown Industries Ken Morgan Chief Executive Officer 604-692-0073

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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