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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?


To: Captain James T. Kirk who wrote (5204)7/1/2006 12:11:33 PM
From: scion  Read Replies (1) | Respond to of 12518
 
The Plasticon 2005-2008 Business Plan claims PLNI is a leader in plastic lumber.

The business plan also claimed:

4) Plasticon will sign a letter of intent to acquire US PLASTIC LUMBER www.usplasticlumber.com/

This transaction has been agreed upon in principal(sic), a letter of intent will be signed this month.


But US PLASTIC LUMBER which went bankrupt is now TRIMAX. Business plan financial projections included the plastic lumber and USPL numbers.

Has PLNI amended their business plan or issued a public statement about USPL being in the throes of bankruptcy and all matters concerning USPL would have to be approved by the US Trustee in bankruptcy? The answer is NO.

trimaxbp.com

AMERICAN PACIFIC FINANCIAL CORPORATION ACQUIRES US PLASTIC LUMBER, INC. ASSETS FORMS TRIMAX BUILDING PRODUCTS, INC.
April 10, 2006

CONTACT: Nathan Kalenich
Telephone: 312-491-2630
E-Mail: KalenichN@trimaxbp.com

FOR IMMEDIATE RELEASE

April 10, 2006….Larry Polhill, Chairman of the Board and Chief Executive Officer of American Pacific Financial Corporation (AMPAC) of San Bernardino, California is pleased to announce the acquisition of assets of US Plastic Lumber, Inc. (USPL) of Chicago, Illinois by Trimax Building Products, Inc.. Trimax is now one of the nation’s leading manufacturers of high density polyethylene building materials for structural lumber, transportation, marina and residential decking products. AMPAC founded Trimax Building Products, Inc. to insure the cohesive branding and management of its current, expanded and anticipated new product lines.

trimaxbp.com

New owner gives USPL new name: Trimax
By Michael Lauzon
PLASTICS NEWS CORRESPONDENT

CHICAGO (Jan. 13, 2:50 p.m. EST) -- U.S. PLASTIC LUMBER Corp. has been reborn as Trimax Building Products Inc. after a troubled bankruptcy.

PLASTICsnews.com/subscriber/headlines2.phtml?cat=1&id=1137183240&q=PLASTIC+LUMBER'>http://www.PLASTICsnews.com/subscriber/headlines2.phtml?cat=1&id=1137183240&q=PLASTIC+LUMBER