Plasticon International, Inc. in Final Stages of Audit for Uplisting to NASDAQ Bulletin Board (OTCBB)
Plasticon International Inc. (Other OTC:PLNI.PK - News) 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).'
Monday September 19, 2005 8:30 am ET |
