An Open Letter to Plasticon Shareholders from President and CEO, Jim Turek
9/19/2005 9:01:26 AM
LEXINGTON, Ky., Sept. 19, 2005, Sep 19, 2005 (PRIMEZONE via COMTEX) -- Dear Fellow Shareholders: This is an exciting period in the history of Plasticon International (Pink Sheets:PLNI). Our company began with a vision: to be the global leader of recycled plastic products for the construction industry. Our objectives have never wavered. We remain committed to our customers, our shareholders, our employees and, as always, to innovation.
Since the company's inception, we have been dedicated to being the most cutting-edge, environmentally progressive company in recycled plastic products, a company that strives to develop and promote products which will contribute to a cleaner and safer environment.
I am pleased to announce today that we have made great progress towards our objectives. Our distribution partnership with the largest building materials distribution company in the United States, a Fortune 500 company, continues to give Plasticon a definitive competitive advantage and puts us in a position to be profitable for years to come. Our product innovations have exceeded expectations, sales are brisk, and we recently received patent confirmations for a number of new products, such as the "PAC Chair III". We are encouraged that the company continues on its fast track to growth and prosperity.
There is one very important issue that I am pleased to share with you: Plasticon is currently in the final stages of its audit. Although 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).
The management team and employees of Plasticon International are also shareholders like you. We are fully committed to aggressively growing the company and executing our business plan, which we believe will be reflected in the share value.
We are excited about Plasticon's future prospects and opportunities. I look forward to sharing future developments with you as they progress. Once again, thank you for your continued support.
Sincerely,
Jim Turek
President and CEO
Plasticon International, Inc.
September 19, 2005
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.
Plasticon International, Inc.
Jim Turek, President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
Web site: www.plasticonintl.com
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.
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