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

To: scion who wrote (5716)	8/1/2006 6:50:20 AM
From: scion	Respond to of 12518

Plasticon recently announced that it is profitable as of the second quarter in 2005. Plasticon International Inc. to Retire 200 Million Shares LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value. "We believe that the retirement of shares will add tremendous value for our shareholders," said Jim Turek, President and CEO of Plasticon International. "This is the first step in a share restructuring process. The restructuring will be reflected in a share price that is more truly representative of the actual value of Plasticon's shares. We firmly believe that this is in the best interests of both our shareholders and the company." Mr. Turek added that Plasticon International is committed to a program designed to enhance shareholder value through a comprehensive strategy, starting with this initial retirement. As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares. The retirement of 200 million shares is in addition to positive earnings. Plasticon recently announced that it is profitable as of the second quarter in 2005. "We believe that the retirement of shares will be significant as the first step in a process that should result in a better reflection of the value of Plasticon's shares," Mr. Turek concluded. The Company will be featured on Investor's Business Daily web site for 30 days starting Monday, August 22, 2005: investors.com. For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.com.

To: scion who wrote (5716)	8/1/2006 6:59:20 AM
From: scion	Read Replies (1) \| Respond to of 12518

In January 2006, the Company acquired all the stock of SEMCO Manufacturing... 11. Subsequent events In January 2006, the Company acquired all the stock of SEMCO Manufacturing (SEMCO), a Nevada business that manufactures and sells concrete coating products. The purchase terms are payment of $2,650,000 consisting of $650,000 in cash and $2,000,000 in performance payments (50% of Net Profits as defined) plus Plasticon restricted common stock worth $100,000. Additionally, the Company will pay a royalty payment (4% of Net Profits as defined) for twenty years beginning after the $2,000,000 of performance payments are made. The agreement includes a five year employment agreement with a base salary and other benefits specified. Management is in the process of gathering information to apply purchase accounting to the SEMCO acquisition. The operations from SEMCO will be included in the operating results of the Company starting February 1, 2006. On April 4, 2006, the Company increased authorized shares of common stock to 13,500,000,000 shares. Also on that date the authorized shares of preferred stock increased to 6,000,000,000 shares. otcstockinfo.com