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Plasticon International, Inc. (“Plasticon”) designs, produces, and distributes high-quality concrete accessories, transportation signage, lumber, and office supplies, which are all made from recycled and recyclable plastics. Plasticon, which recently changed its name from Wicklund Holdings Company to Plasticon International, has been in the recycled plastics business for 10 years. The company's main focus is on its line of patented, plastic Rebar supports that are used in place of the traditional steel Rebar supports in concrete construction. Steel Rebar supports inherently have many problems that tend to surface and negatively affect concrete structures over time, primarily attributed to the fact that steel is corrosive and conducts electricity. Plasticon’s plastic Rebar supports, which solve many of the problems seen with steel, have been approved or accepted in all 50 states, as well as by several foreign countries, for use in the construction of concrete structures. A unique feature of all Plasticon products is that they are comprised of the highest quality plastics, yet they do not require virgin raw material. An architect or contractor that designates Plasticon’s recycled plastic materials in his or her project can significantly reduce the cost of manufacturing, as well as meet environmental concerns by subcontracting to a "green company." In addition, the use of environmental waste as raw material in production continues to reduce waste since Plasticon’s products are themselves, recyclable. In addition to the patented Rebar supports, Plasticon also manufactures and markets: PLASTIC LUMBER PLASTIC SIGNAGE (I.E.; HIGHWAY AND STATE SIGNS) OFFICE PRODUCTS INCLUDING FILE FOLDERS AND BINDERS IMPERMEABLE CONCRETE-LIKE PRODUCTS MADE FROM RECYCLED GLASS Plasticon's primary products (80% of revenue) are its concrete accessories/Rebar supports. Much of the past decade has been spent on developing the necessary molds for its Rebar supports, securing patents for these molds and the supports, obtaining approval in every state nationwide for the use of these concrete products in construction, challenging the steel industry with anti-trust litigation, and fighting off any competitors that have surfaced by successfully suing for patent infringement. As a result of the Company’s diligence, Plasticon’s patented plastic Rebar supports are now recognized as the "Cadillac" of the industry, and are today marketed without any serious competition. Plasticon’s plastic rebar supports have been chosen for use in the construction of a handful of “showcase structures” to date, mainly because the Company’s products are well designed and are constructed from strong, flexible, dielectric, non-corrosive, recycled and engineered plastic materials. Plasticon’s concrete products also do not rust, do not absorb water, and avoid the chloride ion attack. As Plasticon’s reputation continues to grow among top architects and contractors, many more structures will utilize the Company’s plastic Rebar supports in construction. See the Company’s website, currently at www.wicklundholdingcompany.com, for photos of these “showcase” structures that have been built with plastic Rebar supports. OVER $20-BILLION PER YEAR IN FEDERAL TAX IS BEING SPENT CURRENTLY ON REPAIRING THE NATION’S CRUMBLING PLNI’S FINANCIALS ARE CURRENTLY BEING AUDITED SO IT CAN BE RELISTED ON THE OTC BB WITHIN THE NEXT 45 DAYS PLNI HAS SIGNED AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH BLUE LINX WORTH 7 FIGURES OVER THE NEXT 2 YEARS
JAMES N. TUREK, PRESIDENT & CHIEF EXECUTIVE OFFICER Jim Turek, age 58, brings a wide range of experience and skills to the lead position at Plasticon. Prior, Jim served as President for three major Convention and Travel Destination firms. He began his career as a Corporate Financial Advisor working directly for the Controller of McDonnell Douglas Corporation. Following that position, Jim was appointed Director of Convention, Print, Media, Travel and Cinema Photography for McDonnell Douglas, responsible for all U.S. and International Component companies. EDWARD J. GARSTKA, CHIEF FINANCIAL OFFICER Ed Garstka, age 53, has more than 20 years experience in accounting, finance and operations, and has worked in a variety of industries including automotive, electronics and specialty chemicals. He began his career as an auditor/consultant with KPMG. His resume includes senior positions with Lear Corporation, Johnston Controls, and Northwest Industries. Ed is a Certified Public Accountant. JAMES P. TOOHEY, CONSULTANT Jim Toohey’s career includes thirty some years with Hallmark Cards, Inc., where he worked in a wide variety of areas including sales management, personnel, product development, marketing and distribution. Jim was eventually named President of Hallmark International and a corporate officer of the parent company. Key Management Recent
Share counts: 938 million held by insiders. 500 million float.
just between me and one other guy we've got 10% of the float. this will move once the audit news hits. pegasus consulting (new ir firm) has said news to be out next week. no news for 4 months becuase of the ir firm change.
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The filings with the SEC are listed on pinksheets.com, but all these do is really paint for you the picture of what James Turek has had to go through to transform this company from a failed oil company to a modern 'green' plastics firm.
This is a link to a post listing some patents held by Turek & Plasticon:
the following are some selected highlites of that page: BREAKING NEWS:
Plasticon International, Inc. has entered into and begun to fill orders for plastic supports on an exclusive distribution agreement with the largest US building products distributor. The initial commitment of $5.3 million includes the US, Puerto Rico and Caribbean, which will establish a solid base of distribution for the company and greatly enhance brand exposure of their plastic accessories. Plasticon's products will be carried in national retail outlets that over the next 2 years will be supplied by 63 distribution centers located throughout the country. Each center by average, represents a potential order of $300,000 wholesale or a total of $18 million annually without factoring reorders or special product requests for the US Market alone. As well, current negotiations for Canadian orders represent an additional potential of $2-4 million a year.
R&D
Plasticon has made a substantial investment into research and development which is now being realized through market orders, current production build-out to accommodate orders to scale for mass distribution and the holding of important registered patents.
"Many patents contain clever and novel ideas but turn out to be impractical when attempts are made to actually practice the art as a basis of a commercial venture. That is clearly not the case with the concrete accessories held by Plasticon. The Plasticon patents disclose commercially viable new and innovative technology.
"A validation parameter regarding the worth of the technology enters the equation if and when a patent disclosure is judged sufficiently economically viable that it begins to attract competitors.
"In Plasticon's case, a competitor aggressively entered the market directly competing with Plasticon concrete accessory products. A thorough analysis of the competitive products by professional patent and design counsel retained by Plasticon determined that the competitive products directly violated several aspects of Plasticon's patents. The competitor was informed, but chose to ignore Plasticon's notices of infringement and was taken to court by Plasticon for remediation in 2000.
"Court challenges to patent validity are very significant events. Defendants can bring true world-class experts in design and function to attempt to prove a patent and its technology invalid. Patents are thus subject to intense examination and records show that many patents fail to survive this process and are ruled invalid. Plasticon was subject to this process by the competitor's experts in a Federal Court proceeding in which a judge shortly concluded that the competitor failed to make a credible case and ruled in Plasticon's favor.
"Surviving this intense examination process under the circumstances noted above dramatically enhances the economic value of a patented technology. (William L. Kelly, P.h.D. WLK Associates)
In the court proceeding, an expert testified the registered patent by itself would have an increased valuation in excess of $16 million from the previous appraisal of between $4.5 to $6 million range.
Revenue Forecast
Plasticon's primary focus is plastic rebar supports which generate approximately 90% of revenue sales. Plasticon is nearing $2.5 million in sales for this year and expects to finish between $4 to $5 million for 2005. With a build-out that involves acquiring additional molds for pouring, and production levels coming inline accordingly, the company anticipates $15 million in revenue for year 3 and $35 million in revenue for year 5.
SUMMARY
Plasticon has developed a leading, high quality alternative building product in its plastic rebar supports that is patent protected and proven. Having obtained an exclusive contract with the largest building products distributor, Plasticon is building out its production facility to accommodate large-scale distribution. The concrete construction market for rebar supports is substantial with a glaring issue of corrosion and cost effectiveness that offers Plasticon a compelling argument for success. Plasticon is environmentally friendly using recyclable plastics, also known as a "Green Company," there may be some foreshadowing here as it relates to revenue forecasts at year one $4-5 million, year three $15 million and year five at $35 million, we anticipate a healthy move in the stock price.
True DD won't be available till they move to the OTCBB and become a fully reporting company. For now you have to decide the level of risk vs reward your comfortable with.
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This application of a plastic re-inforced rebar could be used in concrete hull construction in boats. May open an entirely new market.....Electrolysis may be eliminated......Yep you read it right, concrete boat hull construction...It really works....One of the biggest problems in concrete hull construction is electrolysis...The electrolysis is coused from electrical current generated by the old method of using steel mesh within the concrete....This problem is made worse in salt water....I'll try an find out if there is a concrete boat using this material...I generaly am skeptical about pinks, as far as holding them...However PLNI has me thinking I should hold this one...I will increase my position monday....There is a lot of hard work on the threads about this stock......So far the nonsense pumping is at a minimum....I think we may have something here......But watch close just in case....
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