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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board)

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From: jmhollen6/15/2006 10:46:39 AM
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(eMail): Special Update -- Plasticon Intl. (PK: PLNI)

Plasticon stock has not been immune to the woes of the stock market. We believe PLNI stock has additionally continued to suffer since the cautionary message at Pinksheets.com has not been removed and active quotes at the site are still not offered. It was expected that once financials were submitted by the Company and an opinion letter issued by its attorney that PLNI would gain some much needed credibility with Pinksheets.com and, in turn, the investment community. We understand PLNI is still attempting to resolve any remaining issues.


The lack of news in a free falling market where many stocks have cut in half has not helped the situation. PLNI has promised to deliver audited financials in order to move to the Bulletin Board, and based on recent conversations with the Company we are assured that the work will get done. We know everyone would like to see this finished immediately, but auditors cannot be rushed. Years 2003 and 2004 have been audited, and we only wait for the year 2005 audit.

The Green Baron Report still believes Plasticon is capable of delivering tremendous results based on innovative products. We would like to see the Company stay focused on its business at hand and strive to deliver on its potentially blockbuster contract with BlueLinx. Plasticon’s purchase of SEMCO Manufacturing also can translate to big numbers. An innovative buyback plan is also in the works according to the Company.

We will notify our members as soon as we are cleared for our webcast with CEO Jim Turek. Although we have been promised future interviews, there are still some goals that the Company would like to achieve prior to our call. Please understand we are doing everything possible to deliver accurate updates on PLNI. We will also alert our members should we see any significant news released.

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