posted
Plasticon International`s New Slab Bolster Mold Represents Quantum Leap in Recycled Plastics Manufacturing Technology
May 16, 2005 12:20:37 (ET)
LEXINGTON, Ky., May 16, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced it has procured a revolutionary slab bolster mold, which will allow the company to dramatically increase production capacity and create an even more cost-effective production cycle.
"This new technology has the potential to transform our industry, in terms of cost savings, efficiencies, and the ease of use for our end users," said Jim Turek, President and CEO of Plasticon International, Inc.
Production capacity of the company's patented Slab Bolster rebar support product with the new mold now increases to 60 feet per shot verses 10 feet for the older generation of molds. This is an explosive increase of 600 percent in production capability and allows for approximately 42,000,000 feet to be produced annually.
"There are three competitive advantages this technology gives our company," Mr. Turek said. "First it gives us the ability to significantly improve output costs. Second, it gives us the ability to radically increase production capacity and productivity as our sales continue to increase. And third, our patented snap lock design eliminates overlapping in the installation of rebar support, so our customers will realize tremendous savings on both labor costs and materials."
In the construction industry, overlapping occurs with conventional support products when they are placed and overlapped as the sections are joined together. Plasticon's new snap lock design results in a 6% to 7% savings in the costs of materials on every application by completely eliminating overlapping. Additionally, overall labor costs are lowered as the conventional process of overlapping and tying the supports together is also eliminated.
Sales from the increased production capabilities of the new mold could top $12,000,000.00, a major portion of which is already under contract. "As we continue to expand our sales efforts, we believe this technology gives us an unmistakable edge over our competition. We are committed to delivering the advantages of our new product to our expanding customer base worldwide. We are also committed to ongoing research and development so that Plasticon International can continue to redefine the technology of plastic." Mr. Turek discussed the new product announcement in a CEO webcast, which can be viewed online at by the general public on The Green Baron Investors Society's website at www.*************.com on Monday, May 16, 2005.
About the Slab Bolster Product
The Slab Bolster product is used to support steel reinforcing bar in concrete structures. This single product replaces all six of the existing support products, including wire, wire tipped, wired pipped, stainless, galvanized, and epoxy coated slab bolsters.
The new Slab Bolster's unique engineering and design features offers many advantages over conventional rebar support products.
Plasticon's Slab Bolster product:
-- Maintains its tolerance even after rebar has been placed on it, thereby eliminating the need to continually adjust the supports to meet engineering design specifications. -- Does not rust. -- Does not absorb water. -- Does not decay with exposure to salt water (chloride ion attack). -- Does not conduct electricity (It is 'non-dielectric').
One of the major advantages to Plasticon's products is they reduce a huge problem in the construction industry: SPAULLING. Spaulling is the phenomenon where concrete tends to crack or break away, which is caused primarily by dielectric support products rusting or decaying. "Conventional support products, which conduct electricity and are known as 'dialectric', are notorious for spaulling problems," Mr. Turek said. "However, our product reduces spaulling because of the way our products are engineered and manufactured."
-------------------- It is always darkest before it goes completely BLACK!!!
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posted
Plasticon Takes Major Step Forward in Transition from Pink Sheets to OTCBB; President and CEO Jim Turek Announces That Audit of All Company Financials Will Be Completed in 4 Weeks 5/18/2005 12:47:01 PM
LEXINGTON, Ky., May 18, 2005 (BUSINESS WIRE) -- Plasticon International Inc. (Pink Sheets - PLNI) today announced that it has come one step closer in the company's transition strategy to move from the Pink Sheets to the OTCBB. An audit of all company financials will be completed in 4 weeks.
This audit is an important milestone in terms of demonstrating to our shareholders and the public that we are serious in our goal of moving the company forward," said Jim Turek, President and CEO of Plasticon International, Inc. "We are pleased to announce that we are 4 weeks from a completed audit. Upon completion, we will immediately be filing the necessary documents with the SEC to become fully reporting." Plasticon International, Inc., which is the sole owner of a patented line of recycled plastic rebar supports, among other products, has recently expedited its efforts to get back on the OTCBB. "We just feel that the time is right," Mr. Turek said. "We are operating right now from a position of strength. We have a clear technological edge over our competition. Plasticon has little to no debt. Our patents were recently valued at $16 million, and were validated by the federal courts of the United States. We just launched a new marketing campaign which is successfully communicating our story to our customers and investors. We also signed an exclusive distribution contract with the largest building materials distributor in the United States, which gives us a fantastic opportunity to rapidly expand our customer base."
-------------------- It is always darkest before it goes completely BLACK!!!
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-------------------- It is always darkest before it goes completely BLACK!!!
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<mwm3006>
unregistered
posted
A little dissapointed. With all the news lately plus the OTCBB news, I figured the stock would have moved to at least 1 or 2 cents by now. Only 20 mill. in volume today. Ready to see this get on up!!
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<mwm3006>
unregistered
posted
Gonna be on Money TV next week. That should get a bit of a rise!
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Hi, I came accross this board by accident. I am not serious investor. I own some stock in a pink sheet company of that I am a loyal customer and that is it.
After reading all the posts in this thread, I am wondering what happens to your shares when a company goes from pink sheet to OTCBB? Do you still have the same amount of shares you originally purchased? Do they split? I would think that PLNI's shares would be much higher right now if their move to OTCBB is inevitable. Do current shareholders stand to profit heavily from this? I am just curious. I don't even know if this is information that someone would share with me on the board, but I thought it was worth a shot.
posted
Beth, unfortunately, I cannot answer your question. However, do not be afraid to ask such questions ... that's what this board is set up for. I'm sure someone can answer your question, but it may be Monday since everyone should be enjoying their weekend by now
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curious, the new listing in and of itself has nothing to do with a split. OTCBB is more highly regulated than pinks, with reporting requirments that attach credibility, hence prestige and buyer confidence. A split *is* in play with GTEL, making the next move up, to AMEX, where it will be listed as GTE. AMEX has a $3pps requirement, which GTEL meets via a reverse split. And, yes, some members here have profited greatly from PLNI. Welcome to Allstocks...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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There is no need for a company to do a split in moving from the pinks to the otcbb. The company will merely have to report their earnings/losses and file the necessary paperwork. There probably won't be much, if any, of a change in share price due to the move to otcbb. Just knowing that PLNI will be a reporting company gives all of us shareholders a more peaceful, easy feeling in our stomach's as it takes a little risk away from investing in it.
posted
curiousgirl, What he says is true except I do believe there WILL BE a price jump when it moves to OTCBB because you have to call a broker to make a trade for pinks. Once it hits OTCBB you can buy or sell it online without the need for a phone call to a broker. It is then available to all PLUS many people who don't even know a thing about PLNI will then be aware of it. Brings in new people so I would say YES it will go up in price once it hits BB. At least I can say that as a stock holder in PLNI I am waiting and certainly banking on the fact that it will go up!!!! I can easily see PLNI trading at .25 cents a year from now. Of course this is just my opinion and only my opinion but I feel this stock has absolutly no where to go from here but up. They are just too solid.
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quote:Originally posted by <mwm3006>: curiousgirl, What he says is true except I do believe there WILL BE a price jump when it moves to OTCBB because you have to call a broker to make a trade for pinks. Once it hits OTCBB you can buy or sell it online without the need for a phone call to a broker. It is then available to all PLUS many people who don't even know a thing about PLNI will then be aware of it. Brings in new people so I would say YES it will go up in price once it hits BB. At least I can say that as a stock holder in PLNI I am waiting and certainly banking on the fact that it will go up!!!! I can easily see PLNI trading at .25 cents a year from now. Of course this is just my opinion and only my opinion but I feel this stock has absolutly no where to go from here but up. They are just too solid.
safely ignore this troll--you don't have to make a phone call to trade pinks if you so desire...sorry, every now and then we get clowns...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by <mwm3006>: curiousgirl, What he says is true except I do believe there WILL BE a price jump when it moves to OTCBB because you have to call a broker to make a trade for pinks. Once it hits OTCBB you can buy or sell it online without the need for a phone call to a broker.
I dunno about that because I didnt have to call a broker for trading pinks. Did it right online thru Ameritrade and Wachovia. No call needed on pinks. Even with NAUC, that's a pink. No call needed.
posted
heyyyy, subby, howzat robot deal working--missed my entry, so I left it for awhile...gotta love those swings, I'm gurssing...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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<mwm3006>
unregistered
posted
No pumper here. I deal with scottrade and you cannot buy without calling. If you can buy online without calling, I'm sorry I was unaware but it still doesn't change the fact that it should go up when it hits BB. There are plenty of idiots out there just like me and you will have new interest when it hits BB.
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