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I noticed at around 3:40PM the MM's jumped hard on the bid and then right after close the 8K comes out. I would assume the financials are in the near term. My thinking is the MM's are preparing for PLNI to complete this process. why else load up right before the 8K? Especially after slowly bringing the PPS up over the past week.
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PLNI -- Plasticon International, Inc. .001 Com (5 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com. Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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News: Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com. Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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TwinTrader.com: TwinTrader.com reports on the Pink Sheet Trade Leaders: iPackets International, Inc. (OTC: IPKL), RushNet, Inc. (OTC: RSHN), VIP ComLink, Inc. (OTC: VIPM), Plasticon International, Inc. (OTC: PLNI), Produce Safety & Security Internatio Plasticon International, Inc. (OTC: PLNI) - hit 129 trades at close. Traded up 10.00%.
November 2 - Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
Plasticon International, Inc. (OTC: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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This slow and steady incline is healthy. The NOBO numbers and the first quarter financials with the forgiveness of debt of around $27 million will leave them essentially debt free. Thes will move it a little faster...I expect the NOBO numbers this week..IMO
quote:Originally posted by successinstock: PLNI should pull a RSHN and retire some shares to get this going....
The Pro-Mold site that was down for nearly a year is now back up! Very simple pages, but that is ok. Looks like JT is slowly moving in the right direction by taking care of all the little things that needed done one by one. http://www.promold-inc.com/
-------------------- It will run when you least expect it. :)
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Slow day... Good reason to go out and Vote your Favorite bum in or out. PLNI continues to channel in the .0011-12 range. IMO thats a good thing.
-------------------- It will run when you least expect it. :)
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Press Release Source: Plasticon International, Inc.
Plasticon International, Inc.'s SEMCO Manufacturing Unit Begins Work on West Charleston Lofts Project in Las Vegas Thursday November 9, 9:38 am ET
LEXINGTON, KY--(MARKET WIRE)--Nov 9, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. is beginning to work on the West Charleston Lofts Project in Las Vegas, NV. The current work covers patios, pools and corridors for the first 45 units of the project. The West Charleston Lofts will feature Semco's proprietary surface treatments for surfacing, decorating and anti marking or graffiti protection for the entire project of approximately 210 condos connecting hallways, balconies and pools. The total of Semco's portion of the project is valued at $852,000. The work on additional condo elements will be awarded as the units become available.
As currently planned, Semco has been informed that the project will feature two five-story buildings of 105 lofts each at the southwest corner of the Interstate 215, Las Vegas Beltway and West Charleston Boulevard. Eight floor plans, ranging from 1,530 to 2,800 square feet, will be available the first quarter of 2007. The loft style is achieved by exposed ductwork, expansive windows and 10- to 12-foot ceiling heights in the single-story lofts and 20-foot ceilings in the two-story lofts.
"The west Charleston Lofts Project is a major stepping stone in vertical marketing for Semco Manufacturing, Inc. This project showcases the effectiveness of our products not only outdoors but indoors as well. We're still waiting on information about additional work that is being considered, such as the table and counter tops, that would create additional revenues," stated Samel Sem, President of Semco Manufacturing, Inc.
Semco's product line is noted for its incredible durability which is why its products are not only extensively used indoors, but also on heavily trafficked outdoor walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors. Semco Manufacturing has offices in the U.S., Japan, China, Singapore, and Australia.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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Press Release Source: Plasticon International, Inc.
Plasticon International, Inc. Showcases New SEMCO Wallcovering Product to Over 35,000 Attendees at the International Hotel/Motel & Restaurant Show in New York Monday November 13, 9:42 am ET
LEXINGTON, KY--(MARKET WIRE)--Nov 13, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc., is presenting its new product, the X-Bond system, at the International Hotel/Motel and Restaurant Show in New York. Jim Turek, CEO and President of Plasticon International, is representing SEMCO and presenting their products at the Big Apple Worldwide booth, # 4002, to more than 35,000 attendees. The show commenced November 11, 2006, at the Jacob K. Javits Convention Center, with a full day of conferences and featured a keynote address by former NYC Mayor Rudy Giuliani. SEMCO's innovative X-Bond system is a waterproof, lightweight, cementatious product that can resurface virtually any surface. The X-Bond system offers a durable and environmentally responsible creative design capability. This superior bonding system adheres directly to any existing surface. X-Bond can be safely applied in confined areas over existing surfaces minimizing waste disposal.
"We are very excited to showcase our amazing X-Bond system at one of the world's largest hospitality shows. The X-Bond system has unlimited texture possibilities, which allow for complete creative freedom. This durable, waterproof system is designed for both interior, exterior and below grade use," stated Jim Turek, CEO and President of Plasticon International, Inc.
The show is owned by the Hotel Association of New York City, Inc., the New York State Hospitality & tourism Association, Inc., and the American Hotel & Lodging Association, featuring more than 1,400 products and services.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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Big Apple Wallcovering, Inc. and Plasticon International, Inc. ReportSuccessful Showing to More Than 35,000 Attendees at InternationalHotel/Motel and Restaurant Show
Nov 21, 2006 10:48:48 (ET)
NEW YORK, NY, Nov 21, 2006 (MARKET WIRE via COMTEX) -- Big Apple Worldwide, Inc. (PINKSHEETS: BPWW) is pleased to announce that their wholly owned subsidiaries, Big Apple Wallcovering, Inc., and Elabrient Surfaces, Inc., showcased their lines of exclusive wallcoverings, fabrics and surfacing products at the 91st Annual International Hotel/Motel & Restaurant Show in New York City. Jim Turek, CEO and President of Plasticon International, Inc. (PINKSHEETS: PLNI), represented SEMCO and presented their products at the Big Apple Worldwide booth to more than 35,000 attendees.
Big Apple Wallcovering unveiled a striking, NYC-themed exhibit, featuring large-screen video demonstrations surrounded by digital video kiosks which showcased the 'No More Books' technology and Elabrient Surfaces, 'Touch Point Imagery.' Also among the products featured was SEMCO's innovative X-Bond system, a waterproof, lightweight, cementatious product that can be used to resurface virtually any surface.
"Big Apple Worldwide, Inc. is excited about the results from the International Hotel/Motel and Restaurant show. We are reviewing future prospects for possible agreements with Plasticon International, Inc. Our 'No More Books'(TM) campaign was a huge success and we look forward to announcing developments of new contracts and purchase orders," stated Neal Jablon, President of Big Apple Worldwide, Inc.
"We are very pleased with the results from the International Hotel/Motel and Restaurant show. There were over 35,000 people in attendance and the response was tremendous. We are pursuing possible leads from several companies and expect to announce related developments in the near future," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Big Apple Worldwide, Inc.: Big Apple Worldwide, Inc. ( www.bigappleworldwide.com ) is a holding company focused on serving the hospitality and leisure market. Big Apple Wallcovering, Inc. ( www.bigapplewallcovering.com ) is a wholly owned subsidiary of Big Apple Worldwide and has inspired the Architecture and Design community with cutting-edge design and the manufacturing of architectural wallcovering and fabrics for hospitality, private offices and commercial interiors. Big Apple Worldwide, Inc. also recently purchased Elabrient Surfaces, which is a commercial interior design development and manufacturing company specializing in commercial wallcovering. Big Apple Travel, Inc. ( www.bigappletravel.com ), a wholly owned subsidiary of Big Apple Worldwide, Inc., is a full service travel agency and features a next generation travel salon in Orlando, Florida.
About Plasticon International, Inc.: Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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Did anyone notice the MM's posturing on Friday? It's almost like they know something that we don't. The last time this type of activity happened was the day prior to the Semco 8K...Keep a close eye out IMO...GLTA
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SEMCO Manufacturing, Inc. Completes Hard Rock Cafe Floor Logo Project
LEXINGTON, KY, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has completed the Hard Rock Cafe floor logo project in Las Vegas, Nevada. The project generated an estimated $20,000 in revenues for the Company. The Hard Rock Cafe's new logo was treated with SEMCO's Pre-Stain System, X-Bond System, and Xtra Gloss System. SEMCO's unique Pre-Stain System is a chemical bonding compound that provides rich, lasting color on concrete and X-Bond surfaces. The X-Bond System is surface and finishing system offering the ultimate in durable, environmentally responsible creative design capability. The Xtra Gloss System is finishing system that provides a protective barrier which preserves color, adds strength and increases durability.
The Hard Rock Hotel and Casino is a hotel-casino located in Las Vegas, Nevada. The property has a 650 room hotel and 30,000ft(2)casino. Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealership showroom, where in 1979 they began to cover the walls with rock 'n' roll ephemera.
"We are very pleased to have completed the Hard Rock Cafe project. We were able to use SEMCO's innovative products that can be seen by millions of people that visit the Hard Rock Cafe," stated Jim Turek, CEO and President of Plasticon International, Inc.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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Rumor has it PLNI is close to releasing the NOBO short numbers and they are HUGE along with the 10Q first quarter with the debt forgiveness and nice profits...I'm curious to see what the heck the delay has been about...I've been expecting this for at least a month...Watch the MM's close on the L2's for a signal...GLTA
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Plasticon International, Inc.'s Wholly Owned Subsidiary, Pro Mold,Inc. Adds Additional Warehouse Space
Nov 30, 2006 09:19:50 (ET)
LEXINGTON, KY, Nov 30, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
Pro Mold leased the new warehouse due to an increase in production capacity. The warehouse has multiple shipping docks that can facilitate 53 foot trailers. The inventory stored in the new warehouse will include Pro Mold's rebar slab bolsters and the new Pac Chair 111. The rebar slab bolsters are manufactured from recycled plastic resin at the Pro Mold facility. The unique coupling system allows for rebar supports to be snapped together rapidly while adding extra stability and strength. The new Pac Chair 111 adds two additional rebars to the X-Chair and are stackable for easy storage and handling. All of the products in the new warehouse are packaged and ready for immediate shipping.
"The additional warehouse will allow Pro Mold to continue manufacturing their rebar supports and chairs now that the Company has the space to store the products before they are shipped. Purchase orders will be filled and shipped at a more expedient pace now that the Company has the additional storage for Pro Mold's products," stated Jim Turek, CEO and President of Plasticon International, Inc.
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, MO.
About Plasticon International, Inc. Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
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So the value of inventory in the original warehouse is $360,000. I wonder how often a year the inventory turns over...Usually you want it turned at the very least once a month...During the slow seasons it's less and the busy season it's more...Be nice to know what the inventory will be after the additional square footage...
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