To: scion who wrote (11832 ) 12/5/2007 6:26:24 AM From: shortsinthesand Respond to of 12518 Plasticon Announces: No Reverse Stock Split June 21, 2005 10:03:29 (ET) LEXINGTON, Ky., Jun 21, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that there are no plans for a reverse stock split based on projected sales and earnings. "A reverse stock split is absolutely off the table," said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well. "Our sales and earnings potential is the key driver for our company, and we expect an adequate number of shares as we move forward," Mr. Turek said. "The market potential for our three main product lines - rebar supports, transportation signage, and plastic lumber - is so enormous that a reverse stock split is not required. Rebar supports is a $25 billion per year industry. Transportation signage is a $20 billion industry in the U.S. alone. And plastic lumber sales, which have been rising at a rate of 40% per year, are increasingly gaining market share. We are strategically positioned to become the dominant force and to profit from our product innovations as recycled plastic continues to gain acceptance as the industry standard material for these applications. Increased government regulation, the skyrocketing price of steel, and Plasticon's cost-effective, superior products all combine to position Plasticon for continued profitability." Plasticon International recently announced that as of the second quarter of 2005, the company is profitable. "This is really a thrilling time for us because the world is catching up to our vision. The assumption now is that companies should be environmentally friendly. We've proven that not only is it the right thing to do, it's the profitable thing to do. We look forward to continuing to provide value to our customers, the public and our shareholders." Mr. Turek emphasized that after years of laying the foundation of the company, through research and development, product innovations, patent approvals, and applying for and receiving DOT acceptance in all 50 states, Plasticon is now reaping the fruits of its labor. "I believe that the most important trait in business is persistence. With the help of our dedicated, distinguished management team, we built a great base and now we are ready to move into the next phase, which is our aggressive sales and marketing rollout. We are just beginning to see the impact of our exclusive contract with the largest building materials distribution company in the U.S. That contract now makes us the largest supplier of rebar supports in the country. We are also ramping up our global sales and marketing efforts and we certainly expect exponential growth with our major product lines in the near future."