Thursday, May 19, 2005 May Focus Stock Update Plasticon International, Inc. (PK: PLNI) PR Announced Wednesday, May 18 at 12:47 P.M. EST
Plasticon Takes Major Step Forward in Transition from Pink Sheets to OTCBB; President and CEO Jim Turek Announces Audit of All Company Financials Will be Completed in 4 Weeks
The CEO webcast made available earlier this week helped tell the story and echo our view about where Plasticon is headed. If you have not had the chance to listen to this interview with CEO Jim Turek, we believe it is a must for all members and can be heard exclusively at http://www.the green baron.com/CEO Webcast.htm. The numbers that can be, and are expected to be, generated from Plasticon’s product line of rebar supports, plastic lumber, and signage are just staggering.
As predicted last week, PLNI held support at about .006, and then made another strong move higher to hit .0089 per share. The news announced yesterday regarding completion of the audit is just the kind of confirmation we like to see at The Green Baron Report. In our experience, the move of a Pink Sheet listed company to the OTC Bulletin Board typically creates serious demand for the stock. This audit was started long before we suggested purchase for our members, and it means a great deal to us that the Company is closing in on a date to complete the audit and jump to the Bulletin Board. We look for many more positive developments soon from Plasticon.
LEXINGTON, Ky., May 18, 2005 (BUSINESS WIRE) -- Plasticon International Inc. (PLNI) 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."
Mr. Turek recently conducted a CEO webcast to communicate directly with shareholders about all of the exciting new developments at Plasticon. The webcast can also be viewed by the general public online at www.*************.com. "I would also encourage people to visit our web site at www.plasticonintl.com, which is constantly updated. We are going to have some exciting announcements in the coming weeks as we continue to gain momentum."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
Company Contact Information: Jim Turek – President and CEO Office Phone: (859)221-2579 Bill Howe – Investor Relations (800)889-0915 williambhowe@yahoo.com .
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