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Plasticon International, Inc. Announces Results of First Annual Shareholder Meeting
Last Update: 8:52 AM ET Mar 22, 2007
LEXINGTON, KY, Mar 22, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's Board of Directors has been approved as a result of the shareholder meeting. The shareholders voted to ratify the appointment of Mendoza, Berger, and Co. of Irvine, California as the independent registered public accounting firm for Plasticon International, Inc. for the years 2006 and 2007. The slate of Directors nominated for the Board of Directors includes Mr. Jim Turek as Chairman of the Board, as well as CEO and President of Plasticon International, Inc and Mr. C. Edwin Rude, Jr., who has over 34 years practicing as an attorney under Florida, U.S. Court of Appeals, Eleventh Circuit; U.S. District Court, Northern and Middle districts of Florida and the U.S. Supreme Court. Mr. George Butler, who has over 29 years of experience as a commercial banker in Barnesville, Georgia and Mr. Michael Rodriquez, who has more than 20 years of experience supervising accounts, budgeting, contracting, estimating, purchasing, and invoicing in the construction industry, were also elected to the Board of Directors for Plasticon International, Inc. "I am very pleased with the results from the shareholder meeting. I was able to speak to individual shareholders and answer any questions that they had. We are compliant in our financial statements and look forward to pursuing an up listing to the American Stock Exchange," stated Jim Turek, CEO and President of Plasticon International, Inc. To view a letter to shareholders from Mr. Jim Turek, please visit www.plasticonintl.com.
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March 16, 2007 Dear Shareholder What a ride this has been. An idea, approved products, distribution, manufactured and nearly 12,000 shareholders. Audits, audits, audits, it seems to never end. However, I’m proud to say that as of today, I hold the third quarter of 2006 in my hands, and ladies and gentlemen, we are now fully reporting. This frees us to apply for the next levels in the stock market, coupled with the signing of the letter of intent to acquire AV-CB Developments. Movement to the next levels of the stock exchange and the continued increase in sales are major emphasis in increasing shareholder value. This is paramount in our 2007 plans. On behalf of Plasticon International, Inc.’s staff, let me thank those of you who have supported what I consider to be the finest professional staff I have ever had the privilege of working with. The kind remarks and e-mails from those of you who have taken time to show your appreciation are truly special. We thank you for taking time from your busy schedule to be apart of our annual shareholder meeting. Sincerely, James N. Turek, Sr. James N. Turek, Sr. President Plasticon International, Inc.
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Plasticon International, Inc. CEO Discusses Automotive Dealership Contracts and Distribution in ******************.com Interview Last Update: 10:09 AM ET Mar 30, 2007
LEXINGTON, KY, Mar 30, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's CEO, Jim Turek, has been featured in a March 28 interview on ******************.com. The interview focused on the distribution of the Company's wholly owned subsidiaries Semco Manufacturing and Pro Mold, Inc.'s products as well as new contracts for distribution overseas. Plasticon International, Inc.'s wholly owned subsidiary, Semco Manufacturing, completed a contract with a major automobile dealership in Las Vegas and the Company is looking to implement marketing plans targeted at the automobile industry in the Midwest. Semco has signed a test contract with another major automobile dealership to install their surfacing products in their service department and will negotiate further contracts as the test run is completed. Mr. Turek discussed Semco Manufacturing's water and mold proof surfacing projects. Semco has almost completed the 87,000 sq. ft. Paris Hotel and Casino Pool Deck project. Mr. Turek discussed the 77% rise in the Company's profits due to orders being increased from past customers and the rebar supports sales being up due to the direct distribution of the products from Pro Mold's facilities. During the interview Mr. Turek stated, "I think that if current trends continue and depending on economic conditions in coming months, 2007 maybe our best year ever. Our products are gaining acceptance on a worldwide basis, which is already starting to benefit the Company. Based on our backlogs, we expect substantial growth in the next six months. We will begin our buyback program once our attorneys have filed the completed paperwork. We had to wait until our financials were current and our attorneys are working diligently on the pending paperwork." To hear the complete interview, please visit: http://******************.com.
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Plasticon International, Inc. Continues to Distribute at Least $65,000 a Month of Products Through Pro Mold, Inc. Facilities Wednesday April 4, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Apr 4, 2007 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that the Company continues to distribute products through their wholly owned subsidiary Pro Mold, Inc.'s facilities in St. Louis, MO. Pro Mold, Inc. is distributing on average 3-4 truckloads per month of products to Plasticon International, Inc.'s customer base.
Each truckload is valued at approximately $23,000, which translates to an estimated value between $65,000 and $92,000 a month. Plasticon International, Inc. is shipping the rebar slab bolsters and the new Pac Chair III, as well as other products contained in their current product list. Their products have been used in the construction of bridges, airports, and hotels across the country.
"As a Company, we have continued to distribute products to our customer base. We have slowly but steadily picked up new customers and customers from our past distribution relationship. We expect to see our sales increase as the summer months bring improved weather conditions for construction," stated Jim Turek, CEO and President of Plasticon International, Inc.
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Plasticon International, Inc.'s Wholly Owned Subsidiary Promotes Mechanical Engineering Executive to General Manager
Last Update: 8:31 AM ET Apr 5, 2007
LEXINGTON, KY, Apr 05, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's wholly owned subsidiary, Pro Mold, Inc., has promoted Stephen T. Murphy to General Manager of the Company. Mr. Murphy was previously the Director of Business Development. Mr. Murphy has an extensive career of 27 years in the injection mold industry. He is a mechanical engineering executive in injection molding and high-speed assembly. During his career, Mr. Murphy has worked in multiple facets of the business including P&L responsibilities, budget analysis, scheduling, purchasing and production. He has a strong background in engineering, including tool design and procurement, customer liaison, tool evaluation, testing and effecting cost controls. "I'm very pleased to be continuing my career with Pro Mold, Inc. and Plasticon International, Inc. I look forward to my new position at the Company and fully utilizing my in-depth experience within a manufacturing environment," stated Stephen T. Murphy, General Manager of Pro Mold, Inc. "Mr. Murphy will be responsible for all plant activities associated with managing the injection molding machines. Stephen Murphy has already provided his amazing ability and skills to Pro Mold, Inc. and it is a pleasure to promote him to General Manager," stated Jim Turek, CEO and President of Plasticon International, Inc.
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Plasticon International, Inc.'s Wholly Owned Subsidiary Pro Mold, Inc. to Manufacture the "Hurricane Clip"
Last Update: 8:30 AM ET Apr 27, 2007
LEXINGTON, KY, Apr 27, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary Pro Mold, Inc. has recently started initial production on the "Hurricane Clip." The "Hurricane Clip" is designed to protect homes and businesses from potentially damaging hurricanes; the "Hurricane Clips" are a replacement for traditional plywood used by most residential and commercial property owners. The "Hurricane Clip" is made of a durable plastic that attaches to windows and door frames while holding a screen made of pliable fabric. Over the years many property owners have resorted to plywood for protection from damaging winds and flying debris swept up from strong hurricane winds. The pliable fabric offers the added protection of allowing air to pass through windows, keeping the pressure inside stabilized while preventing flying debris from penetrating the home. "Hurricane Katrina had estimated damage around $81.2 million, making it the costliest storm in U.S. history. We believe that this clip could change the way people think about home protection. Most of the hardest hit areas over the last three years have used protection that has been around for many years and there has been very little improvement. Having one of the "Hurricane Clips" could save a lot of lives and cut damage costs due to Hurricane winds and debris by millions of dollars," stated Jim Turek, CEO and President of Plasticon International, Inc.
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Plasticon International, Inc.'s Wholly Owned Subsidiary, Pro Mold, Inc. Expands Product Line With New Refrigeration Component
Last Update: 8:31 AM ET May 2, 2007
LEXINGTON, KY, May 02, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, Pro Mold, Inc., has recently started initial production on a housing component for commercial refrigerators. The Company has produced initial parts that are undergoing rigorous testing by the customer. Full production is expected to begin within the next two weeks, which could potentially generate an estimated $150,000 in new sales for Pro Mold. Pro Mold contracts the manufacturing of the injection mold and produces the new housing component. The component is a large plastic housing that replaces the existing metal pieces. It contains a condenser coil and a circulating fan used in commercial refrigeration units. The plastic housing will allow for quieter units and will eliminate rusting. "The pilot build will allow engineers to fully test out the design before Pro Mold goes into full production. With the change from metal to plastic, this new component is expected to be manufactured and used in most, if not all new commercial refrigeration systems," stated Jim Turek, CEO and President of Plasticon International, Inc. The Company recently announced that Pro Mold, Inc. has started initial production on the order for the "Hurricane Clips." The "Hurricane Clip" is designed to protect homes and businesses from potentially damaging hurricanes and is a replacement for traditional plywood used by most residential and commercial property owners. This new order for the product represents new technology resulting in potential sales of $250,000.00.
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Plasticon International, Inc. Offers Exchange Program to Shareholders
Last Update: 8:31 AM ET May 18, 2007
LEXINGTON, KY, May 18, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company is offering a share exchange program to its shareholders. Plasticon International, Inc. will offer to exchange common shares of stock from shareholders, which they will value at $.001, which is premium to market price, in exchange for convertible preferred stock to be valued at $1.00 a share. This means for every 1000 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes. Current shareholders must have their shares into First American Stock Transfer by July 3, 2007 in order to qualify for the exchange of common shares to convertible preferred shares. Shareholders must turn in a minimum of 1,000,000 shares in order to qualify. The convertible preferred stock will be protected from any future stock restructuring by the Company. For the complete terms and conditions of the stock buyback program, please visit the Company's Web site www.plasticonintl.com. "We are very pleased to be able to offer our shareholders this exchange program. With our share repurchase program announcement today, we are reaffirming our confidence and optimism in the long-term future of the Company. As more information becomes available, it will be provided on our Web site," stated Jim Turek, CEO and President of Plasticon International, Inc.
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LOS ANGELES, CA, May 25, 2007 (MARKET WIRE via COMTEX) -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, ( http://www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures. Free information packages from the featured companies can be requested by sending an email to info*moneytv.net. The television program can also be viewed online immediately at www.moneytv.net. Featured companies on this week's program include: Plasticon International, Inc. (PINKSHEETS: PLNIQ) CEO James Turek detailed the reasons the company had voluntarily entered Chapter 11 and announced a shareholder exchange program.
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LEXINGTON, KY, May 29, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNIQ) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, is in the final stages of installing flooring in a Lexington, KY Cadillac and Volvo dealership. The project is valued at an estimated $30,000 in revenue and is expected to be completed in approximately two weeks.
SEMCO is installing the X-Bond System into the servicing bays of the Lexington Cadillac and Volvo dealership. The X-Bond System is a surface and finishing system offering the ultimate in durable, environmentally responsible, and creative design capabilities.
"Plasticon International and SEMCO Manufacturing are very excited to be working on a project of this nature. We feel that the Lexington Volvo and Cadillac dealership project helps showcase the diversity of the X-Bond System," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that that the Company is offering a share exchange program to their shareholders. Plasticon International, Inc. will offer to exchange common shares of stock from shareholders, which they will value at $.001, which is premium to market price, in exchange for convertible preferred stock to be valued at $1.00 a share. This means, for every 1,000 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes.
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