ATLANTIS PLASTICS ANNOUNCES THIRD QUARTER RESULTS

ATLANTA, GA - (November 1, 2000) Atlantis Plastics, Inc. (ASE:AGH) today announced its operating results for the third quarter and the nine months ended September 30, 2000. Net sales for the third quarter of 2000 were $63.2 million compared with $65.1 million for the third quarter of 1999. Net loss for the third quarter of 2000 was $(0.7) million, or $(0.09) per diluted share compared with net income of $2.5 million or $ 0.32 per diluted share in the third quarter of 1999.

Net sales for the first nine months of 2000 were $192.9 million compared with $189.1 million for the comparable 1999 period. Net income for the first nine months of 2000 was $0.7 million, or $0.10 per diluted share compared with $7.3 million, or $0.92 per diluted share for the nine months ended September 30, 1999.

Sales volume in Atlantis' molded products segment declined 8% for the three month period ended September 30, 2000 compared to the third quarter of 1999 due primarily to continued weakness in the home building and durable goods sectors. Through September 30, 2000 the molded products segment's net sales were slightly lower than the first nine months of 1999. For the third quarter, sales volume (measured in pounds) in the Company's plastic films segment declined 3% from prior year levels due primarily to reductions in customer inventory levels in both stretch and custom film products. Plastic films volume (measured in pounds) for nine months ended September 30, 2000 reflected a decline of 4% from 1999 levels.

Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the quarter ended September 30, 2000 was $4.4 million compared with $9.0 million for the same period in the prior year. Atlantis' gross margin for the third quarter of 2000 was 13% compared with 19% for the comparable 1999 period, while operating margin was 3% compared with 10% for the third quarter of 1999. For the nine months ended September 30, 2000, EBITDA, gross margin and operating margin were $ 17.5 million, 15%, and 5% respectively, compared with $26.6 million, 20%, and 10% respectively for the nine months ended September 30, 1999.

Selling, general and administrative ("SG&A") expense was $6.2 million for the quarter ended September 30, 2000 compared with $5.9 million for the prior year comparable quarter. Through September 30, 2000 SG&A expense was $19.0 million compared with $18.9 million for the nine months ended September 30, 1999.

Net interest expense for the quarter ended September 30, 2000 was $2.6 million compared with $2.2 million for the quarter ended September 30, 1999. For the nine months ended September 30, 2000, net interest expense totaled $7.6 million compared with $6.8 million for the nine months ended September 30, 1999. Net debt (total debt less cash) stood at $94.1 million as of September 30, 2000 compared with $89.4 million as of December 31, 1999.

Anthony F. Bova, President and Chief Executive Officer, said, "Both stretch film and custom film businesses continue to be negatively impacted by reductions in customer inventory levels resulting from extraordinarily high resin prices of early and mid-year. The anticipated resin price decreases appear to have started to occur - the timing of which had little impact on the third quarter. Volume in the molded products business continues to be soft especially in the major durables segment."

Atlantis Plastics, Inc. is a leading U.S. manufacturer of polyethylene stretch and custom films and molded plastic products. Stretch films are used to wrap pallets of materials for shipping or storage, and custom films, which are made-to-order specialty film products, are used in the industrial and packaging markets. Atlantis' molded plastic products are used primarily in the appliance, automotive, agricultural, building supply, and recreational vehicle industries.

Forward-looking statements may include, but are not limited to, projections of revenues, income or losses, capital expenditures, raw material prices, plans for future operations, financing needs, compliance with financial covenants in loan agreements, plans for liquidation or sale of assets or businesses, plans relating to products or services of the Company, assessments of materiality, predictions of future events, the ability to obtain additional financing, the Company's ability to meet obligations as they become due, the impact of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates," "believes," "estimates," "expects," "intends," "plans" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, including, but not limited to, the impact of leverage, dependence on major customers, fluctuating demand for the Company's products, risks in product and technology development, fluctuating resin prices, competition, litigation, labor disputes, capital requirements, and other risk factors detailed in the Company's Securities and Exchange Commission filings, some of which cannot be predicted or quantified based on current expectations.

Additional information is available on the Internet at http://www.atlantisstock.com.

CONTACT:   Trivest, Miami
                        Marcia Mendez-Rodriguez
                  Communications Manager
                  Telephone: 305/ 858-2200, ext. 44