Let's see what Plasticon has certified, on penalty of law, to be accurate about Pro Mold and Semco... Please note Semco Distribution, Inc. vice Semco Manufacturing, Inc. Anyone care to speculate as to what the relationship between SEMCO Distribution, Inc. and SEMCO Manufacturing, Inc. is all about? Is one a parent?
The acquisition of Pro Mold, Inc., allows the Company, for the first time in its history to completely control the manufacturing process from procurement of the resins to production of the end user product.
On January 15, 2006 the Company purchased the controlling shares of Semco Distribution, Inc., a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability Company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements.
SEMCO was an attractive acquisition for the Company, because its proprietary coating products will work synergistically with the Company’s rebar support products. SEMCO’s products waterproof any surface they are being applied to and specifically would be applicable to DOT projects, such as waterproofing bridge decks and other infrastructure in the United States.
Due to the unique nature of SEMCO’s versatile coating products that chemically cross link to the surface they are being applied to, SEMCO’s surfacing systems allow for multiple applications and distribution in a wide variety of markets.
Both of these entities are now wholly owned subsidiaries of the Company.
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EX-31 3 ex311.htm EXHIBIT 31.1
EXHIBIT 31.1
Certifications
I, Jim Turek, Chief Executive Officer certify that:
1. I have reviewed this annual report for years ended 2003 AND 2004 on Form 10-KSB of Plasticon International, Inc.
2. Based on my knowledge, the report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;
3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this annual report;
4. The small business issuer's other certifying officers and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(c) and 15d-(e)) for the small business issuer and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidates subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Evaluated the effectiveness of the small business issuer's disclosure controls and procedures, and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
c) Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal period that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
5. The small business issuer's other certifying officers and I have disclosed, based on our most recent evaluation, to the small business issuer's auditors and the audit committee of small business issuer's board of directors (or persons performing the equivalent functions):
a) all significant deficiencies in the design or operation of internal controls which could adversely affect the small business issuer's ability to record, process, summarize and report financial data and have identified for the small business issuer's auditors any material weaknesses in internal controls (all of which do not apply); and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal controls, (all of which do not apply); and
Date: May 4, 2006
/s/ Jim Turek, President & CEO
Jim Turek
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