posted
Plasticon Contracts For 10-Year Supply of Recycled Plastic Raw Materials, Enabling Major Increase in Rate of Projected Growth
July 21, 2005 10:00:16 (ET)
LEXINGTON, Ky., Jul 21, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the company has contracted with five new sources of recycled plastic resins. The new resin supply would provide enough recycled plastic resins to fulfill Plasticon's projected orders for the next 10 years.
"The sheer abundance of recycled plastic is one of the most attractive qualities of our sector," said Jim Turek, President and CEO of Plasticon International. "With five new sources of resins, which allow us to fulfill our orders over the next decade, we can now focus more on our sales and marketing efforts. We can also assure our distributor, which is the largest building materials distribution company in the United States, that we have enough raw materials to fulfill all of their orders."
Mr. Turek noted that the increase in recycled plastic resins was mainly due to recycled plastic from landfills. "Our suppliers are now looking at the plastic in landfills as a major source of resin. The nice thing about working in our sector is that there are POSITIVE side effects to our business, rather than the traditional negative side effects with many industrial businesses. We not only provide value to our customers and our shareholders. We also indirectly perform a public service by helping to recycle plastic materials that are found in landfills across the United States. Being environmentally-friendly is very important to us - we have been a green company since our founding. I think that people are finally beginning to understand that being environmentally-friendly is not only the right thing to do; it also makes good business sense because unlike many natural resources, the materials are incredibly abundant."
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Wall Street, NYC, Jul 21, 2005 (M2 PRESSWIRE via COMTEX) -- Today, wallstreetgrapevine.com, named; Plasticon International Inc. (Pink Sheets: PLNI), Bancorp International Inc. (Pink Sheets: BCIT), Spire Corporation (Nasdaq NM: SPIR), and Geron Corporation (Nasdaq NM: GERN); their "Stocks on the Rise." Plasticon International Inc. (Pink Sheets: PLNI, http://www.marketwatch.com/tools/quotes/quotes.asp?symb=plni)
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
I have been buying every share of PLNI I can get. It really should take off within the next month. I have also been doing the same with CPTCQ. It has been on a nice run for the past few weeks. I am holding on to both of these for the long run.
Posts: 8 | From: California | Registered: Jul 2005
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Jul 22, 2005 (M2 PRESSWIRE via COMTEX) -- Wall Street, NYC--Today, wallstreetgrapevine.com, named; Plasticon International Inc. (Pink Sheets: PLNI), VIASPACE Inc. (OTC BB: VSPC), Spire Corporation (Nasdaq NM: SPIR), and Giga-Tronics Inc. (Nasdaq SC: GIGA); their "Stocks on the Rise." Plasticon International Inc. (Pink Sheets: PLNI, http://www.marketwatch.com/tools/quotes/quotes.asp?symb=plni)
Enabling Major Increase in Rate of Projected Growth
Plasticon International Inc. announced that the company has contracted with five new sources of recycled plastic resins. The new resin supply would provide enough recycled plastic resins to fulfill Plasticon's projected orders for the next 10 years.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Must be these other interest getting this going..............
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
WallStreetGrapevine: "Stocks on the Rise" Jul 25 2005 10:17AM ET WallStreetGrapevine: "Stocks on the Rise" Jul 22 2005 10:05AM ET WallStreetGrapevine: "Stocks on the Rise" Jul 21 2005 10:03AM ET Plasticon Contracts For 10-Year Supply of Recycled Plastic Raw Materials, Enabling Major Increase in Rate of Projected Growth Jul 21 2005 10:00AM ET WallStreetGrapevine: "Stocks on the Rise" Jul 19 2005 10:36AM ET WallStreetGrapevine: "Stocks on the Rise" Jul 18 2005 12:26PM ET Traders Nation: Traders Nation(tm) Television -- "If It's Smallcap Talk, It's Traders Nation" Jul 15 2005 9:55AM ET otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com MIDX, AAIIQ, ITWH, PLNI Jul 15 2005 9:06AM ET Wall Street News Alert: Aggressive Traders Alert! July 12, 2005 Jul 12 2005 9:44AM ET Plasticon Announces that R&S Manufacturing Increases Order by 50% Jun 30 2005 1:13PM ET
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Wait til they announce the program that General Alexander Haig is on is going to air them!!! Watch out...
Posts: 952 | From: OH | Registered: Apr 2005
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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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A press release announced last Thursday is just another strong indication of where PLNI is going. The Green Baron Report is very encouraged to see there should be no shortage of sources of its recycled plastic resins in the foreseeable future. We also hope to see an update soon on the Company’s progress to become fully reporting and file to secure trading on a higher exchange.
The breakout yesterday over .0175 per share on heavy volume was extremely bullish for the stock. We expect PLNI to continue a move higher that ought to take it near .03 per share. Many factors exist that could make PLNI one of our best picks ever. Keep PLNI on your radar for further developments.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Skyrocketing Price of Steel Helps Position Plasticon for Major Growth with Recycled Plastic Rebar Supports Product Line Construction Companies Look for Higher Quality, More Cost-Competitive Alternatives with Plastic Rebar Supports Instead of Steel Rebar Supports 7/27/2005 11:01:53 AM
LEXINGTON, Ky., Jul 27, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the soaring price of steel will have a major impact on Plasticon International.
The rising trend in the price of steel over the last year and a half has had a significant impact on the construction sector and has been a hot topic in the industry. According to an article in the Miami Herald by Gregg Fields, "Steel is increasingly becoming a precious metal in the American economy. Thanks to a ravenous appetite for steel in fast-developing China, a rebounding U.S. economy, and a weak dollar, steel prices are rocketing upward and supplies are short." An article in Inc. magazine noted that in 2004 the construction boom in developing Asian countries helped to drive up steel prices 46 percent. And The Florida Times-Union, in an article by Timothy Gibbons, reported that "last year, according to American Metal Markets, an industry trade publication, China imported more than $1 billion worth of American scrap, a world record. The country used more than 36 percent of rolled steel and half of the cement in the world, according to the People's Daily."
"We certainly believe that the rising price of steel is one of several major industry trends that is helping Plasticon achieve success with our plastic rebar support product line," Mr. Turek said. "Our domestic distributor, the largest building materials distribution company in the United States, has noted that demand has been increasing steadily. We believe that the dramatic rise in the price of steel over the last year and a half has made construction companies look harder at other options, rather than relying solely on steel products. And when they see what Plasticon has to offer, they realize that our innovative products are not only more cost-effective, our cutting-edge engineering also gives the end user a much better product, which is stronger, much easier to install, more versatile, and offers the most advanced design and engineering product line in rebar supports ever to be offered in the marketplace. Our products completely prevent spalling (corrosion damage) and prolongs the life of the structure. Together, these factors make our product offering a compelling proposition. So yes, I would say that the rising price of steel has been a boon to Plasticon International, because it really forces construction companies to do a more detailed assessment of the alternatives and then the demand has naturally increased for our products."
Mr. Turek cited Plasticon's relationship with R&S Manufacturing as a recent example of the direct impact that the soaring price of steel is having on Plasticon International and the industry. "R&S Manufacturing is one of the oldest and most respected names in steel post-tensioning cable, and they recently contracted with Plasticon to supply our plastic rebar supports to all of their post-tension cable customers," Mr. Turek said. "R&S recently increased their order by 50 percent, and in fact, they are exclusively supplying plastic rebar supports to their customers, rather than steel rebar supports. The soaring price of steel certainly has something to do with this, in addition to the quality of the engineering with our plastic rebar support product line. This will have a major impact in our industry in terms of the acceptance of recycled plastic rebar supports as the industry standard."
The rising price of steel has wreaked havoc with budgets in the construction sector. "The price of steel has led to a lot of uncertainty among construction contractors and has made it difficult for them to provide reliable pricing," Mr. Turek said. "We are fortunate because our raw materials are so abundant, therefore we can reliably provide our products at a much more cost-effective price point than steel. Again, we see the soaring price of steel as one of the major industry trends that is driving business to Plasticon International as we move forward."
Based on world demand and the dramatic increase in construction in emerging markets, the price of steel is unlikely to retrace, but rather all indications are that it will continue to rise. This trend is very likely to continue and has very positive repercussions for Plasticon International's core business -- their recycled plastic resin rebar support product line.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Congress approves massive highway bill Sends billions to states to build and fix roads
Friday, July 29, 2005; Posted: 7:45 p.m. EDT (23:45 GMT) WASHINGTON (AP) -- Congress on Friday passed sweeping highway and mass transit legislation that will send nearly $300 billion to the states to build and fix roads, create thousands of new jobs and -- lawmakers hope -- save lives and cut hours wasted in traffic jams. The bill "will affect every American in some way," said Sen. James Jeffords, I-Vermont. "The impact of this bill will be felt for decades to come."
The 91-4 vote in the Senate came hours after the House approved the measure, 412-8.
House Speaker Dennis Hastert, R-Illinois, speaking shortly before the House passed the six-year, $286.4 billion transportation bill, said that after passage maybe fathers would have to answer the question, "Daddy, when are we going to get there?" three or four fewer times in their lives.
Afterward, lawmakers streamed out of the Capitol, heading home for their summer break carrying promises of new highway and bridge projects, rail and bus facilities, and bike paths and recreational trails they had secured for their states and districts.
President Bush, in a statement, promised to sign the bill that "will strengthen and modernize the transportation networks vital to America's continued economic growth."
Under the legislation, each state would receive a share of federal highway funding depending on their contributions -- through the federal gas tax -- to the Highway Trust Fund. The bill, running more than 1,000 pages, also specifies thousands of projects requested by individual members.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Here is still what scares me a little. Based on 1.4 billion outstanding shares - and if that's right - people who are waiting for this stock to go to $1 are saying it can have a market cap of $1.4 billion !!! Holy crap.
Here's the best I can give you, from pinksheets:
Officers: James Turek, Pres. & CEO
OutstandingShares: 1,440,486,371 as of 2004-11-15
Estimated Market Cap: Not Available Authorized Shares: 2,000,000,000 as of 2004-11-15 Number of Shareholders of Record: 693 as of 2004-11-15
Current Capital Change: shs increased by 8 for 1 split Ex-Date: 2004-02-11 Record Date: 2004-01-30 Pay Date: 2004-02-10
Dividends:
Company Notes: Formerly=Wicklund Petroleum Corp. to 3-87 Formerly=Wicklund Holding Co. until 9-04
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
But more is reason, .02 PPS at 1.4 billion shares is a market cap of 28 mil... I think people would be comfortable with that - IF - this company would start releasing some serious order figures.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
you also got to consider that jim owns a large share of the o/s... probably 50%....
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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