For reference, here is a quick summary of the PRs on PLNI's web site:
Xylox Acquisition
Oct. 12, 2004 - Plasticon International, Inc. Announces Intent to Acquire XYLOX of North America, Inc. XYLOX develops thermoplastic elastomers from crumb rubber and scrap plastic. Year 2 Sales Revenue Projections in Excess of $23,000,000 in the second year." primezone.com
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Semco Acquisition
LEXINGTON, Ky., May 24, 2005 (PRIMEZONE) -- Plasticon International, Inc. (Pink Sheets:PLNI) today announced that it has entered negotiations to acquire Semco, Inc., a Nevada-based company that is a pioneer in resurfacing technology. ...Mr. Turek said that when this deal is signed, he expects Semco's product line to become a major profit center for Plasticon. "This deal would not only be important to Plasticon in terms of the synergy of our products," Mr. Turek said. "It would also have a major impact on our bottom line." primezone.com
LEXINGTON, Ky., May 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the acquisition of Semco, Inc. will be a privately financed cash transaction. Private financing has been arranged due to the profitability of Semco... "There will be no dilution of Plasticon's stock as a result of this transaction," said Jim Turek, President and CEO of Plasticon International. "This acquisition will add tremendous value to Plasticon. Semco's ground-breaking products literally have no competition in the marketplace. Our current distributor is the largest building materials distribution company in the nation. Should our distributor agree to distribute Semco's product line, the impact on our sales would be absolutely staggering. primezone.com
LEXINGTON, Ky., June 29, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the privately financed acquisition of Semco, Inc. is in its final stages and is near completion... "This is a very important week in the history of Plasticon International," said Jim Turek, President and CEO of Plasticon International. "This acquisition will add tremendous value to Plasticon, not only in terms of our product synergies but in terms of the direct impact on our bottom line. Our accountants and lawyers are currently taking the final steps to complete the acquisition. We anticipate that the due diligence process will be completed by this Friday. Closing will take place immediately upon completion of Semco's audit, which is imminent." primezone.com
LEXINGTON, Ken., Aug. 29, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that Plasticon's attorneys have completed due diligence for the privately financed acquisition of Semco, Inc...."We are very excited that this process is moving forward," said Jim Turek, President and CEO of Plasticon International, Inc. "We are currently awaiting confirmation of Semco's chemical process through an independent laboratory. We look forward to getting the results as soon as possible so that we can proceed." primezone.com
LEXINGTON, Ky., Sept. 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that due diligence has been completed, SEMCO's audit is finalized and reviewed, and Plasticon is now in the final product review stage of the privately financed acquisition of SEMCO, Inc.... "Our attorneys have gone to hard copies on the acquisition documents, and we are optimistic that we will come to an agreement in the very near future," said Jim Turek, president and CEO of Plasticon International. primezone.com
LEXINGTON, KY -- (MARKET WIRE) -- 10/27/2005 -- Plasticon International Inc. (OTC: PLNI) announced today that the company will meet with SEMCO Manufacturing, Inc. on November 17th, 2005, to complete the privately financed acquisition... "The final product review stage of SEMCO's surfacing technology is finished and we look forward to completing this acquisition on November 17th," said Jim Turek, President and CEO of Plasticon International, Inc... According to Mr. Turek, Plasticon has already received serious inquiries from ten major licensees who are interested in distributing SEMCO's products. marketwire.com
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Pro-Mold Acquisition
LEXINGTON, Ken., Aug. 3, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that this week the company will acquire Pro Mold, Inc., one of the premiere injection molding facilities in the Midwest. The privately financed acquisition (with no dilution for PLNI shareholders), will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. primezone.com
LEXINGTON, Ky., Aug. 10, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the company has completed primary due diligence on the acquisition of Pro Mold, Inc., one of the premier injection molding facilities in the Midwest... The privately financed acquisition (with no dilution for PLNI shareholders) will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone... "Our legal counsel has just completed the initial due diligence on Pro Mold and has given us the green light with the acquisition, pending completion of Pro Mold's audit which should be finished in less than 30 days," continued Mr. Turek. "We are happy that this process has moved forward expeditiously, and we have set a tentative closing date for the first week in September." primezone.com
LEXINGTON, KY -- (MARKET WIRE) -- 10/13/2005 -- Plasticon International Inc. (OTC: PLNI) is pleased to announce that the company has received a 500-Ton Toyo Molding Machine at its new manufacturing facility, which allows the company to meet significantly increased demand for its patented line of recycled plastic products. marketwire.com
LEXINGTON, KY -- (MARKET WIRE) -- 10/18/2005 -- Plasticon International Inc. (OTC: PLNI) is pleased to announce that the company will meet with Pro Mold, Inc. on November 9th to complete the privately financed acquisition... As of November 10th, the Pro Mold facilities will be wholly owned by Plasticon, and will become the centerpiece of our manufacturing operations. marketwire.com
LEXINGTON, KY -- (MARKET WIRE) -- 10/26/2005 -- Plasticon International Inc. (OTC: PLNI) announced today that upon completion of the acquisition of ProMold, Inc. on November 9th, the company will adopt a 6 day per week, 24 hour per day production cycle to meet increased demand. ProMold, Inc. currently has a $1 million backlog of orders. marketwire.com
LEXINGTON, KY -- (MARKET WIRE) -- 10/31/2005 -- Plasticon International Inc. (OTC: PLNI) announced today that on October 28, the company moved its wholly owned inventory of injection molds to the Pro Mold, Inc. production facility, to prepare for the completion of the acquisition of Pro Mold on November 9th. The inventory of injection molds has been independently valued at $10 million... "We want to be prepared to immediately get into production the day after closing the acquisition," said Jim Turek, President and CEO of Plasticon International. "That is the main reason why we decided to move our inventory of injection molds in advance. marketwire.com
LEXINGTON, KY -- (MARKET WIRE) -- 11/09/2005 -- Plasticon International Inc. (OTC: PLNI) announced today that the company will commence manufacturing at the Pro Mold, Inc. production facility in St. Louis, Missouri, on November 10th... Next week, Plasticon will webcast a video tour of the entire plant. Mr. Turek will be present to start the new state-of-the-art 500-ton Toyo molding machine, signaling the beginning of Plasticon's control of the facility. marketwire.com
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R&S Manufacturing Contract
LEXINGTON, Ky., June 1, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the company has signed a major contract to supply R&S Manufacturing with nearly a half million dollars of recycled plastic rebar supports... We believe that this deal, combined with our existing contract with the largest distributor of building materials in the U.S., will give Plasticon the ability to dominate our sector... R&S Manufacturing, which has been in business for over 20 years, is one of the leading post tension cabling suppliers in the United States. primezone.com
LEXINGTON, Ky., June 30, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that R&S Manufacturing has increased their order for Plasticon's recycled plastic rebar supports by 50%, bringing their order this year to over $750,000... "The initial order for our rebar supports was placed at the beginning of this month, and now the order has already been increased by 50%," said Mr. Jim Turek, President and CEO of Plasticon International. "Those numbers speak for themselves. primezone.com
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OTCBB / Financials / Audit
LEXINGTON, Ky., May 18, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has come one step closer in the company's transition strategy to move from the Pink Sheets to the OTCBB. An audit of all company financials will be completed in four weeks... We just feel that the time is right," Mr. Turek said. "We are operating right now from a position of strength. We have a clear technological edge over our competition. Plasticon has little to no debt. Our patents were recently valued at $16 million, and were validated by the federal courts of the United States. primezone.com
LEXINGTON, Ky., June 17, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that a review of the financials for the first and second quarter of 2005 demonstrate that Plasticon has achieved profitability as of the end of the second quarter of 2005... Mr. Turek said that the company's top priority right now is to have the company audit completed by the end of July. "I am confident that we can meet this deadline. This is a very important step for us. Once the audit is completed we will immediately file the necessary documents with the SEC, in order to move Plasticon to the OTCBB. We expect this to be accomplished in the next 30 to 90 days." primezone.com
LEXINGTON, Ky., June 21, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that there are no plans for a reverse stock split based on projected sales and earnings... "A reverse stock split is absolutely off the table," said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well.
LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value... As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares. primezone.com
LEXINGTON, Ky., Sept. 8, 2005 (PRIMEZONE) -- Plasticon International, Inc. (Pink Sheets:PLNI) announced today that the company is featured on WallStreetCorner.com. According to Larry Oakley, co-founder of the Wall Street Corner and a featured speaker at over 60 international investment conferences, Plasticon is a "real find" and the company's stock has the "potential to double or better in the next six to 12 months." primezone.com
LEXINGTON , KY Sept 19, 2005 – 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 (OTC:BB). 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. plasticonintl.com
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Pac Chair III Mold
LEXINGTON, KY, Sept 9, 2004 - WICKLUND HOLDING COMPANY (Pink Sheets: WKDH) announced today that it anticipates delivery of a new Pac Chair III Mold on or about October 7th. Wicklund has submitted quotes to customers totaling 20 million units of its Pac Chair III product used to support steel rebar in slab and on grade. “We anticipate that this product could generate new sales of nearly $5 million over a 12-month period. plasticonintl.com
LEXINGTON, KY, November 18, 2004 - ...Mr. James Turek, President of Plasticon International, Inc. stated, "Sales and delivery of the Pac Chair III (two heights for rebar and 1 height for mesh) have exceeded our projected sales in the first week of production. At our current rate of sales we will reach our annual projections ahead of schedule."... Additional annual sales revenues, depending on size mix are anticipated to be between $2,700,000.00 and $3,750,000.00." plasticonintl.com
LEXINGTON, Ky., Sept. 12, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI), the technology leader of the recycled plastics sector, announced today it has recently received confirmation of the company's patent for the PAC Chair III product, the latest innovation from the company... The PAC Chair III is the most recent patent that the company has received. According to an independent appraiser and the federal courts, Plasticon's recycled plastic product patents are valued at $20 million. Additionally, since the inception of the company, Plasticon has built an inventory of injection molds that the company owns outright, which are presently valued at over $10 million. primezone.com
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Other Technologies
LEXINGTON, Ky., May 16, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced it has procured a revolutionary slab bolster mold, which will allow the company to dramatically increase production capacity and create an even more cost-effective production cycle. "This new technology has the potential to transform our industry, in terms of cost savings, efficiencies, and the ease of use for our end users," said Jim Turek, President and CEO of Plasticon International, Inc. ...Sales from the increased production capabilities of the new mold could top $12,000,000.00, a major portion of which is already under contract. primezone.com
LEXINGTON, Ky., June 7, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the company has created a new blend of polypropylene, which reduces the material costs of one of the company's major product lines: lower height recycled plastic rebar supports. ... Mr. Turek said. "Our new polypropylene blend gives us a tremendous advantage, widens the gap even more between Plasticon and its competitors, and puts us light years ahead of the competition in terms of our production efficiencies." primezone.com
- Jeff |
