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Plasticon to Acquire Pro Mold, Inc., one of the Premiere Injection Molding Facilities in the Midwest Privately Financed Acquisition Gives Plasticon the Production Capacity for an Additional $20 Million in Manufacturing and Sales Annually 8/3/2005 8:30:24 AM
LEXINGTON, Ken., Aug 3, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that this week the company will acquire Pro Mold, Inc., one of the premiere injection molding facilities in the Midwest. The privately financed acquisition (with no dilution for PLNI shareholders), will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. As part of the terms of the agreement, senior management at Pro Mold, Inc. will be retained.
"The timing couldn't be better for this acquisition because our sales are ramping up at a vigorous pace and one of our top priorities is to expand our production capacity to meet rising demand for our products," said Mr. Turek, President and CEO of Plasticon International. "With that in mind, immediately after the acquisition we will be adding molding machines that will allow Plasticon to double the current capacity of the facility."
Pro Mold, Inc. a state-of-art custom plastic injection molder of thermoplastic materials in St. Louis, Missouri, has been in business since 1987. "We are thrilled about this acquisition because not only does it allow us to considerably increase our production capacity, it also allows us to ensure that we continue to deliver the highest quality products to our customers," Mr. Turek said. "The facility has totally integrated closed-loop systems with programmable logic control in addition to the most advanced drying, heating and cooling equipment to ensure material integrity and shot-to-shot consistency. The unsurpassed quality control at Pro Mold is one of the reasons they have a reputation as one of the preeminent injection molding facilities in the Midwest."
For more information, please visit Plasticon International online at www.plasticonintl.com.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Don't forget PLNI just has to get it into blue linx warehouses!!!!!!!!!
SOLUTIONS FOR BUILDERS NATIONWIDE In a unique effort to build strategic alliances between builders and building materials suppliers, BlueLinx established Builder Connection® to benefit both small and large builders and suppliers nationwide. Through the Builder Connection® program, BlueLinx facilitates agreements between its dealer and builder partners to buy BlueLinx-distributed products. By examining the specific needs of each builder, BlueLinx customizes each program to help builders drive cost out of their operations. As part of its commitment to Builder Connection®, BlueLinx has dedicated full-time resources, including regional and national Builder Connection® managers, to generate individualized plans for every builder that enlists in the program.
“The aim of Builder Connection®,” said Bill Schnitzer, national sales manager for BlueLinx and director of the Builder Connection® program, “is to help builders more effectively manage their organizations by offering them unique business solutions. Based on the individual needs of each builder, Builder Connection® can harness powerful resources to help them build more homes, increase margins, reduce cycle time and improve quality.”
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Toole is already working on that as we speak Murnak.....this thing is lining up ALMOST perfect!
Posts: 952 | From: OH | Registered: Apr 2005
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From I hub! stopped by Pro Mold on my way home. I was impressed!
The building is basically a warehouse structure about half the size of a Sam's Club or Costco. There are 2 bay doors at the front-left, facing the street and 3 more bay doors on the right in their parking area. There are 3 very large cylindrical containers attached to the right of the building. I assume these will hold the plastic composite for the molds. Anyway, this place looks like it can move alot of product.
Cosmetically, the place looks way better than I thought it would, considering it's basically a warehouse. To the left and right of the front door is professionally landscaped with little trees and shrubs. The door is surrounded by what looks to be granite 3X5 slabs. And just inside the door is a wall made out of those glass cubes you sometimes find in a doctor's office or fancy bathroom. I'm not sure why they care what it looks like, but it looks nice.
Once we officially take over, I may try to set up a mini-tour of the inside. If so, I'll let you guys know. If not, at least you know this place is for real and have an idea of the scale of the place.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Also from I HUB... PRO MOLD, INC. is a custom plastic injection molder of thermoplastic materials, operating seven modern presses in a thirty thousand square foot facility in St. Louis County. The plant operates around the clock, six days per week.
Our molding press sizes range from 28 tons up to 400 ton, with shot capacity up to fifty-five ounces. Our presses are totally integrated closed-loop systems with programmable logic control, allowing consistently tight manufacturing and quality control. The average age of “the fleet” is 5.5 years.
In addition to the normal commodity resins such as ethylene, styrene and polypropylene, we process a wide variety of engineering and filled materials, to include nylon, polycarbonate, acetal, butyrate and copolyesters. Top-of-the-line drying, heating and cooling equipment to ensure material integrity as well as shot-to-shot consistency are part of our systems.
To compliment our molding capabilities we offer sonic welding, heat staking and solvent welding assembly, as well as sub-assembly, shrink-wrap and packaging.
We have complete tooling, design and model making sources for new product development.
PRO MOLD, INC.
A Custom Thermoplastic Injection Molding Company
High Volume/Engineering Materials/Design Services/Tooling/Assembly
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thanks mur...sounds good to me ...now lets announce some damn orders or SOMETHING to go with all this money were spending!
Posts: 952 | From: OH | Registered: Apr 2005
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as a matter of fact I did to....did they get your address from getting samples of something or from shareholder report??
Posts: 952 | From: OH | Registered: Apr 2005
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shares are in street name and other than talkng on the phone i had no contact..... i may have signed up for info on the web once don't remember!
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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LONGS PLEASE READ: I just spoke with Matt at Big Apple again. I expressed concern with the share price and mm manipulation and that PLNI was currently undervalued. He responded by saying that with PLNI's current number of outstanding shares it may NOT be undervalued, but look for that to change soon. I told him I felt that the share structure was number 2 behing the audit in terms of raising PPS and he disagreed. He said audit is one, Semco is two, and share structure is three. I asked him if we could see a change in the share structure in the next couple of months and he said it will be MUCH sooner than that. He really emphasized the word much. He also added that it will be done WITHOUT a reverse split. I couldn't get him to give me a target PPS because i am an investor and because Big Apple are shareholders and are planning on buying more. Also mentioned that PLNI is currently talking to some big players (again with emphasis). I then asked him about the piggyback status helping expediate the move to the OTCBB and he said he didn't think it would mean much. In his experience he has seen companies approved in under 30 days and other companies are NEVER approved because their audits and paperwork weren't done well enough. Phew. Hope this information helps someone.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Retire some shares. That would be great. Looking better day by day. Thanks for the update.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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Plasticon`s Acquisition of Pro Mold Inc. to Increase Production Capacity to an Estimated $20 Million
August 10, 2005 08:30:38 (ET)
LEXINGTON, Ky., Aug 10, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the company has completed primary due diligence on the acquisition of Pro Mold, Inc., one of the premier injection molding facilities in the Midwest.
The privately financed acquisition (with no dilution for PLNI shareholders) will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. Said Jim Turek, President and CEO of Plasticon International, Inc., "As we continue to increase our sales and as demand continues to rise, this acquisition will be critically important in terms of fulfilling our obligations to the growing needs of our clients. We look forward to welcoming Pro Mold, Inc. to our team and working with the seasoned senior management at Pro Mold, who will be retained as part of this deal.
"Our legal counsel has just completed the initial due diligence on Pro Mold and has given us the green light with the acquisition, pending completion of Pro Mold's audit which should be finished in less than 30 days," continued Mr. Turek. "We are happy that this process has moved forward expeditiously, and we have set a tentative closing date for the first week in September."
According to Mr. Turek, the acquisition was necessary to meet the growing demand for recycled plastic products in the construction industry. "This acquisition is essential to the growth of Plasticon International," he said. "We are experiencing the strongest growth in the history of the company. We attribute this to several factors including the rising price of steel, which has created a major shift in the construction industry away from steel and towards recycled plastic, and the fact that our products are stronger, more durable, more versatile and more cost-effective than metal rebar support products."
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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