PLNI -- Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon
International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company
filed Form 8-K with the SEC in connection with the acquisition of Semco
Distribution, Inc and Ultimate Surface, LLC. The agreement is available on
Plasticon International's website at www.plasticonintl.com.
Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
Contact:
For more information:
Investor Relations
1-866-THE-APPL(E)
plasticonintl.com
SOURCE: Plasticon International Inc.
CONTACT: plasticonintl.com
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