Plasticon Contracts For 10-Year Supply of Recycled Plastic Raw Materials, Enabling Major Increase in Rate of Projected Growth
Five New Sources of Recycled Plastic Resins Give Plasticon International Enough Resins to Exceed Rate of Growth Indicated in Business Plan
7/21/2005 10:00:16 AM
LEXINGTON, Ky., Jul 21, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the company has contracted with five new sources of recycled plastic resins. The new resin supply would provide enough recycled plastic resins to fulfill Plasticon's projected orders for the next 10 years.
"The sheer abundance of recycled plastic is one of the most attractive qualities of our sector," said Jim Turek, President and CEO of Plasticon International. "With five new sources of resins, which allow us to fulfill our orders over the next decade, we can now focus more on our sales and marketing efforts. We can also assure our distributor, which is the largest building materials distribution company in the United States, that we have enough raw materials to fulfill all of their orders."
Mr. Turek noted that the increase in recycled plastic resins was mainly due to recycled plastic from landfills. "Our suppliers are now looking at the plastic in landfills as a major source of resin. The nice thing about working in our sector is that there are POSITIVE side effects to our business, rather than the traditional negative side effects with many industrial businesses. We not only provide value to our customers and our shareholders. We also indirectly perform a public service by helping to recycle plastic materials that are found in landfills across the United States. Being environmentally-friendly is very important to us - we have been a green company since our founding. I think that people are finally beginning to understand that being environmentally-friendly is not only the right thing to do; it also makes good business sense because unlike many natural resources, the materials are incredibly abundant."
For more information, please visit Plasticon International online at www.plasticonintl.com.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
SOURCE: Plasticon International, Inc.
Plasticon International, Inc.
Jim Turek, President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations
Bill Howe
Ph: 800-889-0915
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