posted
05-16-2005, 01:21 PM 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 % - 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."
Posts: 251 | Registered: Jul 2004
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quote:Originally posted by $Keith$: mostly sells this morning...
Great it will clear out the weak hands
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
I am betting we test the 0.02 range again today!
I have a good feeling that something big is coming soon...
I keep thinking back to my phone conversation that I had with both Bill Howe and Turek! They both sounded like the audit was alot closer to completion than they said in the PR, but they did not want to commit to a date and have it come later..
I believe that the 4 weeks date was put out there such that when they get er done in 1-2 weeks, then they look like heros!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
I hope your right FOT...very slow today...I need to stop watching and let it ride...
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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If you look at the chart.....It did about the same thing on May 9th....just a small dip... I thing FOT is right.....The two's are gonna' happen today!!!!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
picked up more at .0152. put the order in this morning. almost bummed it filled LOL. lets go up. support at .015
Posts: 515 | Registered: Mar 2005
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posted
with an oyster shooter. phillipi creek is the place. mmmmmm, bloody mary n oyster shooters. breakfast of champions.
Posts: 515 | Registered: Mar 2005
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posted
Plasticon Signs Letter of Intent to Acquire Semco Inc., A Pioneer in Leading-edge Surfacing Products President and CEO Jim Turek expects Semco Products to be 'Major Profit Center' By Staff LEXINGTON, Ky., May 25, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has signed a letter of intent to acquire Semco, Inc., a Nevada based company that is a pioneer in leading edge resurfacing technology. Pending the completion of due diligence, an acquisition date will be set. The acquisition gives Plasticon a major advantage over its competition because Semco, Inc., which has been profitable for years, is seen as the new industry standard in resurfacing by distributors and construction companies.
"This deal is important to Plasticon not only in terms of the synergy of our products," said Jim Turek, President and CEO of Plasticon International, Inc. "It would also have a major impact on our bottom line. Distribution centers are very interested in carrying these products. Since we just signed an exclusive contract with the largest building materials distribution company in the U.S., this acquisition would give Plasticon another innovative product line which will expand our overall market share in the construction industry. We see Semco's product line becoming a major profit center for Plasticon."
Mr. Turek also mentioned that convenience for his company's customer base was a key factor. "This acquisition makes a lot of sense because we are offering our customers one source to go to for the most innovative construction products in the marketplace. Additionally, this deal made sense to Semco, because our distribution contracts are so attractive. It was a win-win scenario."
One of the major applications for Semco's products is the resurfacing work on bridges. Semco, Inc.'s water based resurfacing products, which cross link chemically to the material they are being bonded to, reinforces the density of the surface. In the case of bridges, their waterproof products maximize the strength of concrete and prolong the life of the structure. Concrete durability is a major issue in the construction industry. Corrosion damage to concrete costs the U.S. billions of dollars annually.
"Corrosion damage is best addressed during the initial construction process, not as a band-aid," Mr. Turek said. "Plasticon's products and Semco's products solve the problem up front. With the signing of the new transportation bill, we believe that there will be a major increase in bridge and road construction work. Plasticon's recycled plastic products, which are the most cutting-edge in the industry, have been the preferred products of construction companies for quite some time. And now we can offer Semco's products to our customers as well, which compliments our product line perfectly."
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.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
SOURCE: Plasticon International, Inc.
Plasticon International, Inc. Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517
PLNI -- Plasticon International, Inc. Com (5 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon Signs Letter of Intent to Acquire Semco Inc., A Pioneer in Leading-edge Surfacing Products
President and CEO Jim Turek expects Semco Products to be 'Major Profit Center'
LEXINGTON, Ky., May 25, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has signed a letter of intent to acquire Semco, Inc., a Nevada based company that is a pioneer in leading edge resurfacing technology. Pending the completion of due diligence, an acquisition date will be set. The acquisition gives Plasticon a major advantage over its competition because Semco, Inc., which has been profitable for years, is seen as the new industry standard in resurfacing by distributors and construction companies. "This deal is important to Plasticon not only in terms of the synergy of our products," said Jim Turek, President and CEO of Plasticon International, Inc. "It would also have a major impact on our bottom line. Distribution centers are very interested in carrying these products. Since we just signed an exclusive contract with the largest building materials distribution company in the U.S., this acquisition would give Plasticon another innovative product line which will expand our overall market share in the construction industry. We see Semco's product line becoming a major profit center for Plasticon."
Mr. Turek also mentioned that convenience for his company's customer base was a key factor. "This acquisition makes a lot of sense because we are offering our customers one source to go to for the most innovative construction products in the marketplace. Additionally, this deal made sense to Semco, because our distribution contracts are so attractive. It was a win-win scenario."
One of the major applications for Semco's products is the resurfacing work on bridges. Semco, Inc.'s water based resurfacing products, which cross link chemically to the material they are being bonded to, reinforces the density of the surface. In the case of bridges, their waterproof products maximize the strength of concrete and prolong the life of the structure. Concrete durability is a major issue in the construction industry. Corrosion damage to concrete costs the U.S. billions of dollars annually.
"Corrosion damage is best addressed during the initial construction process, not as a band-aid," Mr. Turek said. "Plasticon's products and Semco's products solve the problem up front. With the signing of the new transportation bill, we believe that there will be a major increase in bridge and road construction work. Plasticon's recycled plastic products, which are the most cutting-edge in the industry, have been the preferred products of construction companies for quite some time. And now we can offer Semco's products to our customers as well, which compliments our product line perfectly."
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.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
SOURCE: Plasticon International, Inc.
By Staff
CONTACT: Plasticon International, Inc. Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 www.plasticonintl.com
Investor Relations: Bill Howe 800-889-0915
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
no movement with news...probally since everybody was expecting this....
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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posted
hasnt hit west coast people yet..that will be some new fresh money....how bad could it be when the pr states "Semco has been profitable for years"....I kindof like the slow rise so that we build lots of support and it didnt skyrocket and then fall back...when we go it will be nice and slow and steady...with lots of hold
Posts: 952 | From: OH | Registered: Apr 2005
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Plasticon Signs Letter of Intent to Acquire Semco Inc., a Pioneer in Leading-Edge Surfacing Products; President and CEO Jim Turek Expects Semco Products to be ``Major Profit Center''
LEXINGTON, Ky.--(BUSINESS WIRE)--May 25, 2005--Plasticon International, Inc. (Pink Sheets:PLNI) today announced that it has signed a letter of intent to acquire Semco, Inc., a Nevada based company that is a pioneer in leading edge resurfacing technology. Pending the completion of due diligence, an acquisition date will be set. The acquisition gives Plasticon a major advantage over its competition because Semco, Inc., which has been profitable for years, is seen as the new industry standard in resurfacing by distributors and construction companies.
"This deal is important to Plasticon not only in terms of the synergy of our products," said Jim Turek, President and CEO of Plasticon International, Inc. "It would also have a major impact on our bottom line. Distribution centers are very interested in carrying these products. Since we just signed an exclusive contract with the largest building materials distribution company in the U.S., this acquisition would give Plasticon another innovative product line which will expand our overall market share in the construction industry. We see Semco's product line becoming a major profit center for Plasticon."
Mr. Turek also mentioned that convenience for his company's customer base was a key factor. "This acquisition makes a lot of sense because we are offering our customers one source to go to for the most innovative construction products in the marketplace. Additionally, this deal made sense to Semco, because our distribution contracts are so attractive. It was a win-win scenario."
One of the major applications for Semco's products is the resurfacing work on bridges. Semco, Inc.'s water based resurfacing products, which cross link chemically to the material they are being bonded to, reinforces the density of the surface. In the case of bridges, their waterproof products maximize the strength of concrete and prolong the life of the structure. Concrete durability is a major issue in the construction industry. Corrosion damage to concrete costs the U.S. billions of dollars annually.
"Corrosion damage is best addressed during the initial construction process, not as a band-aid," Mr. Turek said. "Plasticon's products and Semco's products solve the problem up front. With the signing of the new transportation bill, we believe that there will be a major increase in bridge and road construction work. Plasticon's recycled plastic products, which are the most cutting-edge in the industry, have been the preferred products of construction companies for quite some time. And now we can offer Semco's products to our customers as well, which compliments our product line perfectly."
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.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors whish could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
Contacts
Plasticon International, Inc. Jim Turek www.plasticonintl.com or Bill Howe, 800-889-0915 (Investor Relations)
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
Well 3's the charm they always said. This is really great news. Now the audit of Semco, sign the paper work and then on to the distribution with our 63 distribution centers and even More Revenue! Goooooo Jim Turek and PLNI!!!!
GTLA
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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From today's PR: "The acquisition gives Plasticon a major advantage over its competition because Semco, Inc., which has been profitable for years, is seen as the new industry standard in resurfacing by distributors and construction companies." How often do you see a profitable Company acquire another profitable company at this level???
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
As I said before we are going to hang around .015 to .020 for the next 5-8 days (starting from last Monday) then we will see our next step to .025 to .035. This one will follow HISC pattern to the .10 cents club by late June. Mark my words, so load up NOW!!!!
If we climb too fast we will have a sell off then a rebuilding phase at the new level. See HISC, went too fast to .049 then back .031 then it's finding it's new foundation, before the next leap.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
check out the candles.... we are currently seeing th same formations from the last breakout on May 13. I would expect to see a gradual increase over the next few days until the next breakout.