Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval.
According to the PLNI 8-K just issued, and the subsequent press release, Samel and Yamine Sem have not sold SEMCO MANUFACTURING INC., to Plasticon. Instead, Plasticon acquired two different companies: SEMCO DISTRIBUTION INC and ULTIMATE SURFACE, LLC.
sec.gov
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY -- (MARKET WIRE) -- November 02, 2006 -- 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.
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So what were all those SEMCO MANUFACTURING INC., revenue forecasts in earlier PLNI press releases based on if it was not for a manufacturing operation?
It now appears the PLNI is simply a distributor of products made by Semco Manufacturing Inc.
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY -- (MARKET WIRE) -- November 02, 2006 -- 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.
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Plasticon International, Inc. Subsidiary Awarded Nevada Beltway Construction Contract Valued at Over $240,000
LEXINGTON, KY -- (MARKET WIRE) -- October 31, 2006 -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Nevada Department of Transportation has awarded Semco Distribution, Inc., a subsidiary of the Company, a $241,850 contract for the surfacing of the concrete embankment at the I-515 Beltway Interchange in Nevada. The project involves the application of Semco's proprietary concrete sealants and anti-graffiti coating.
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Plasticon International, Inc.'s SEMCO Manufacturing Unit Selected for West Charleston Lofts Project in Las Vegas
Monday , October 30, 2006 08:30 ET
LEXINGTON, KY -- (MARKET WIRE) -- 10/30/06 -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has been selected for the West Charleston Lofts project in Las Vegas, Nevada. The first element of the project has been awarded in the amount of $150,000 and work is progressing on the first 45 units for a total estimated value of $852,000.
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Plasticon Announces That SEMCO's System Is Selected and Specified for Department of Transportation Surfacing Contract
LEXINGTON, KY -- (MARKET WIRE) -- January 30, 2006 -- Plasticon International Inc. (OTC: PLNI) announced today SEMCO's Ultimate Surface Effects® system has been selected and specified for the I-215 / I-515 Interchange ramp slope pavement project for the Nevada Department of Transportation (DOT).
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Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval.
marketwire.com
SEMCO Chosen as Surfacing Vendor by Contractor for Apple Computer Japan Headquarters
LEXINGTON, KY -- (MARKET WIRE) -- January 23, 2006 -- Plasticon International Inc. (OTC: PLNI) announced today that SEMCO Manufacturing, Inc. was chosen as a surfacing vendor by the contractor for Apple Computer Japan Headquarters showcase demo and reception area in Tokyo. Apple Computer Japan is located in a 51-story building in the Shinjuku sector of Tokyo. Plasticon International, Inc. recently completed the acquisition of SEMCO.
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Plasticon's SEMCO Acquisition Announcement to Appear in Investor's Business Daily (IBD)
LEXINGTON, KY -- (MARKET WIRE) -- January 20, 2006 -- Plasticon International Inc. (OTC: PLNI) announced today that the company's recent acquisition of SEMCO Manufacturing will be a feature in the Corporate News section of Investor's Business Daily (IBD) in both the Friday, January 20th edition and the Monday, January 23rd edition.
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Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval.
marketwire.com
Plasticon Completes SEMCO Acquisition
Cutting Edge Surfacing Company Will Position Plasticon for Growth in $100 Billion + Surfacing Industry
LEXINGTON, KY -- (MARKET WIRE) -- January 19, 2006 -- Plasticon International, Inc. (OTC: PLNI) announced today that the company has completed the acquisition of SEMCO Manufacturing, Inc.
"The acquisition of SEMCO Manufacturing is an absolutely critical part of our growth strategy," said Jim Turek, President and CEO of Plasticon International, Inc. "We are very excited about the completion of the acquisition, and we are confident that SEMCO will become the greatest profit center for Plasticon International in the years ahead. SEMCO is currently profitable and enjoys a stellar reputation as a technology leader in the surfacing industry. This is an established company with an outstanding record as a pioneer in surfacing and the company has proven itself again and again with many successful high-profile projects. SEMCO's products are the most innovative and versatile in the surfacing industry today, and the market potential is staggering. To give you one example, the world flooring market is a $95 billion industry (Source: The Freedonia Group, a leading international business research company). If we can capture merely 1% of this opportunity, that translates into $950 million in sales."
[...]
Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval.
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