Plasticon International, Inc. in Final Stages of Audit for Uplisting to NASDAQ Bulletin Board (OTCBB)
9/19/2005 8:30:11 AM
LEXINGTON, Ken., Sept. 19, 2005, Sep 19, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that the company is now in the final stages of completing its audit, which will allow the company to uplist to the NASDAQ Bulletin Board.
In an open letter to the shareholders posted on the company's website, Plasticon President and CEO, Jim Turek stated, "Plasticon is currently in the final stages of its audit. Though we cannot offer an exact date, based on our tireless efforts, our auditors have indicated that the Plasticon audit should be completed in the very near future. Upon completion, the company will file with the NASD to move Plasticon to the NASDAQ Bulletin Board (OTCBB). I acknowledge that this process is taking longer than we expected. However, due to the meticulous nature of audits in this day and age (Sarbanes-Oxley) the audit process has extended beyond our original projections. Let me reassure you that we are doing everything possible to complete the audit, and we are close to the end of this process. We are keenly cognizant that it is in the best interests of the company and its shareholders to complete the audit as expeditiously as possible and move Plasticon to a more transparent exchange: the NASDAQ bulletin board (OTCBB)."
Mr. Turek noted that he is excited about the prospect of moving to a higher, more transparent exchange. "The value that moving to the OTCBB will add to the company and its shareholders can hardly be overstated. We believe that this will be an important milestone for the company and will bring us that much closer to being on the big boards (AMEX, NASDAQ Small Cap)."
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.
Note for Plasticon Customers: To reach BLUELINX, direct customer service line, Eastern Division, please call 800-839-2588 -- please ask for Michael Thornton (ext. 35547) or Thomas Fowler (ext. 35562). To reach the Western Division of BLUELINX please call 800-830-7370 -- please ask for Mark Gariepy (ext. 66069). A map of the Eastern and Western divisions of the U.S. for BLUELINX Distribution can be seen on the BlueLinx Corporation web site at bluelinxco.com or on the Plasticon International web site at plasticonintl.com.
This news release was distributed by PrimeZone, www.primezone.com
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
Investor Relations:
Matt Maguire
Ph: 866-843-2775
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