Plastics Manufacturing Company, Pioneer Plastics, Inc. Named to 2008 Top 500 Minority Businesses List

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Eagan, Minnesota based Pioneer Plastics, Inc. is a global custom injection molding company specializing in thermoplastic and thermoset component manufacturing. The company and its divisions have been honored as one of the top 500 minority owned businesses in the United States by DiversityBusiness.com.

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Pioneer Plastics, Inc., a global custom injection molding company specializing in thermoplastic and thermoset products, along with its divisions, Thermotech, Inc. and Group Tool, Inc. has been named one of the top 500 minority owned businesses in the United States by DiversityBusiness.com.

This is Diversity.com's 9th annual listing of the U.S.'s top 500 minority owned businesses. Companies that are named on Divesity.com's lists represent the nation's top multicultural earners, and challenge the long-held notion that a privately held business is small or insignificant. Winners are sought after by major corporations wishing to increase spending with these small businesses.

"Entrepreneurs are a growing force in the U.S. economy, and a force to be reckoned with," says Kenton Clarke, CEO of Computer Consulting Associates International, the company that built DiversityBusiness.com. "This is a whole business segment that can carry its own, that provides jobs, products and services, and generates wealth for their communities. These are the new leaders in American business."

Minnesota based Pioneer Plastics, Inc. has grown from a local Midwestern manufacturer of plastic components and products to a global player in the custom injection molding industry. Over the past five years, Pioneer has grown through acquisitions and diversification. Pioneer's two main U.S. based subsidiaries, Thermotech, Inc., based in Hopkins, MN, with two operating facilities in Mexico, and Group Tool, Inc., based in Normal and Lexington, IL, have continued to grow and expand through Pioneer's worldwide network of partners and suppliers. "We face challenges each day. It's our discipline, commitment and attention to detail that makes us among the best in this industry," said Mr. Minou Hussain, Chairman and CEO of Pioneer Plastics. "Our growing success is the direct reflection of our customers' reward for our hard work," he added. By serving over 270 customers in 16 countries, Pioneer and its divisions, Thermotech and Group Tool, have become one of the top businesses in 2008.

The DiversityBusiness.com Award
This award is a classification that represents the top multicultural small businesses in the U.S., in the technology, manufacturing, food service and professional services sectors. Large organizational buyers throughout the country that do business with culturally diverse, small and women-owned businesses use the list. The list is produced annually by DiversityBusiness.com, the nation's leading B2B Internet portal that links large organizational buyers to multicultural product and service suppliers. The winning companies were honored at a special awards ceremony at DiversityBusiness.com's 9th Annual Multicultural Business Conference on April 29 - May 1, 2009 at the Disney's Contemporary Resort in Orlando, Florida.

Pioneer Plastics' COO, Matt Mahmood said, "We are honored to be recognized and listed among the 2008 Top 500 Multicultural businesses in America and our great state of Minnesota. We are grateful to DiversityBusiness.com for promoting and bringing successful MBE's to the attention of so many great companies. Winning this nationally recognized award is a tremendous honor for our companies and our most valued customers."

About Pioneer Plastics, Inc.
Eagan, Minnesota based Pioneer Plastics, Inc. is a global custom injection molding company specializing in thermoplastic and thermoset products. The company serves a wide variety of manufacturing needs for OEM customers through its operating companies and divisions, which include Thermotech, Inc and Group Tool, Inc. Pioneer serves many industries which include computer, electronics, telecom, defense, aerospace (avionics), automotive components, consumer and home products, defense, heavy and light industrial as well as specialty engineered parts. Global manufacturing includes U.S., Mexico and China with distribution services in ten countries. To learn more, please visit http://www.pioneerplastic.com and http://www.thermotech.com.

Contact:
Bonnie Navratil
Marketing & PR
(800) 735-1888

About DiversityBusiness.com
Launched in 1999, DiversityBusiness, with over 46,000 members, is the largest organization of diversity owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies, and colleges and universities. DiversityBusiness.com provides research and data collection services, including the Top 50 Organizations for Multicultural Business Opportunities, Top 500 Diversity Owned Companies in America, and others. Its research has been recognized and published by Forbes Magazine, Business Week and thousands of other print and internet publications. The site has gained national recognition and has won numerous awards for its content and design. It is a leading provider of supplier diversity management tools and has the most widely distributed diversity magazine in the United States. DiversityBusiness.com is produced by Computer Consulting Associates International Inc. (CCAii.com) of Southport, CT, founded in 1980. For more information, please visit: http://www.diversitybusiness.com.

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Matt Mahmood
Pioneer Plastics, Inc
651-209-6600 ext. 206
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