posted
Plasticon International, Inc. CEO Looks Ahead to Successful 2007 inWallSt.net Interview
Feb 20, 2007 10:05:34 (ET)
LEXINGTON, KY, Feb 20, 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 an interview this week on WallSt.net. The interview focused on the burgeoning demand for Plasticon's products in the residential and commercial markets both domestically and abroad.
"We're now quoting jobs that we never had the opportunity to quote because, simply, people had not heard of the products or there were not enough people who were trained in how to apply them. We're now quoting developments with 1,750 homes where they want to use our Semco flooring exclusively," Mr. Turek stated in the interview with reporter Casey Rittenhouse.
The CEO noted that while the housing market may be down in some areas, commercial construction is on the rise and Plasticon's Rebar Support division will echo that increase. He also pointed to three milestones to watch for in the coming year from Plasticon, including the company's financials.
"They are obviously improving and we're very pleased with that, but more importantly than those figures are the new distribution chains we're picking up and the direction in which the company is heading internationally. Those three components are major developments that will be taking place and have a major effect on the Company this year."
The Company recently announced that it hosted a Nationwide Teleconference on February 15th to update the financial community on recent events that affect Plasticon International, Inc. and its shareholders. There was expected to be a high demand for the call-in lines for this Nationwide Teleconference and space was limited.
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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
posted
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon Subsidiary Awarded $415,000 Surfacing Contract for Paris Las Vegas Hotel & Casino
LEXINGTON, KY, Feb 22, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that their wholly owned subsidiary, SEMCO Distribution, Inc., has been awarded an estimated $415,000 contract for the surfacing of the pool deck at the luxurious Paris Las Vegas Hotel & Casino, a Harrah's Entertainment company, in Las Vegas, Nevada. The 86,000 square foot deck will be treated with SEMCO's Pre-Stain, X-Bond and Xtra Gloss Systems. SEMCO's chemical bonding compounds assure long-lasting color, durable protection and environmentally responsible design.
The spacious sundeck encompasses an area surrounding the two-acre, octagonal pool at the base of the Hotel's Eiffel Tower. It is surrounded by French gardens, marble decor, private cabanas and a poolside cafe. The hotel features classic European architecture with 2,916 guestrooms and 295 suites.
"The Paris Las Vegas Hotel & Casino is the ultimate in style and elegance and our surfaces will compliment and protect that environment. This is one of many new projects in Las Vegas this year and we're anxious to show off the SEMCO surfaces in such a unique venue," stated Jim Turek, CEO and President of Plasticon International, Inc.
Based in Las Vegas, SEMCO Distribution, Inc. markets and sells custom surfacing products to high profile commercial, public and private clientele. Their products are noted for aesthetic appeal and durability for use in heavily used walkways, extreme outdoor conditions and in chlorinated pools. Plasticon International, Inc. completed the acquisition of SEMCO Distribution, Inc. in January 2006.
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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
posted
Plasticon International, Inc. Announces Annual Shareholder Meeting toBe Held March 16th in New Orleans
Mar 1, 2007 09:15:59 (ET)
LEXINGTON, KY, Mar 01, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company mailed the proxy statements on Monday, February 26, 2007 to all shareholders of record. Plasticon International, Inc.'s annual shareholder meeting will be held at 1p.m until 3 p.m. on March 16th, 2007 at the Double Tree Hotel in New Orleans, Louisiana.
By proxy or in person, shareholders will vote to elect four Directors of the Company to each serve a three-year term and to ratify the appointment of Mendoza, Berger & Co. of Irvine, California as the independent registered public accounting firm of the Company for the year 2006 and 2007. At the meeting, shareholders may transact such other business as may properly come before the meeting. The proxy statement referred to a record date of February 16th, 2007 and should have read February 9th, 2007
"I am looking forward to meeting with our shareholders at our first annual shareholder's meeting. We look for their continuing support as we move forward and bring the Company into full compliance to move to the OTC Bulletin Boards in 2007," stated Jim Turek, President and CEO of Plasticon International, Inc.
Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans call can also be reached at (504)-581-1300.
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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
You elected to receive shareholder communications and submit voting instructions via the Internet. This e-mail contains information specific to your holding in the securities identified below.
2007 PLASTICON INTERNATIONAL, INC. is holding an Annual Meeting of Stockholders as follows:
MEETING DATE: March 16, 2007 For Holders as of: February 9, 2007 CUSIP NUMBER: 727563108 ACCOUNT NUMBER: ******** CONTROL NUMBER: ************
You can enter your voting instructions and view the shareholder material by clicking on the following link:
posted
Looks like a lot of money flowing into this lately. Accum/Dist line steady up normally indicates it has support on the buy trend.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
Interesting MM behavior the past few days. The last resistance level is at the MA 200 at .00147...The bollinger bands are tight and PLNI closed today touching the upper band...Material events news could give this the kick it needs to approach the MA200...After that there is no resistance...Folks may want to at least keep PLNI on their radar the next two weeks prior to the shareholder meeting in New Orleans...GLTA
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Plasticon International, Inc. Increases Revenues by Over $3.4 Million
Mar 7, 2007 08:38:59 (ET)
LEXINGTON, KY, Mar 07, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company has increased its revenues by $3,431,647 for the six months ending June 30, 2006 to $3,566,891 from $135,244 recorded for the six months period ending June 30, 2005. This is over 2537% increase in revenues. Plasticon International, Inc. has posted their second quarter 2006 unaudited financial statements on www.pinksheets.com .
The Company reduced its current liabilities by $8,972,085 through a reduction of notes payable for the six months period ending June 30, 2006 as compared to June 30, 2005. Plasticon International, Inc. increased their assets by $1,903,350 for the six months period ending June 30, 2006 as compared to June 30, 2005. The Company and its wholly owned subsidiaries increased their finished goods inventory by $242,126 for the six months period ending June 30, 2006 as compared to June 30, 2005.
"We are very pleased to provide our shareholders with our financial statements for the second quarter of 2006. We are currently working on the third and fourth quarter, as well as, the year end financial statements for 2006. It is our goal to become current in our financial statements in order to up list to the OTC Bulletin Boards," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the proxy statements were mailed on Monday, February 26, 2007 to all shareholders of record. Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans call can also be reached at (504)-581-1300.
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, projected profits, 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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
posted
Plasticon International, Inc. (PINKSHEETS: PLNI) CEO James Turek announced the company had signed an LOI for the acquisition of a Northwest development company. The television interview can also be viewed online immediately at xxx.moneytv. net.
-------------------- It will run when you least expect it. :)
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posted
Plasticon International, Inc. Signs Letter of Intent to Acquire AV-CBDevelopments
Mar 9, 2007 08:41:29 (ET)
LEXINGTON, KY, Mar 09, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company has signed a Letter of Intent to acquire AV-CB Developments. AV-CB Developments is a joint-venture between Avest Limited Partnership and Christian Brothers Construction. AV-CB Developments, located near Boise, Idaho, is primarily a construction company that builds residential and commercial developments in the Idaho area. Based on the due diligence completed by Plasticon to date, we believe that AV-CB Developments has several projects whose future prospects may hold multi-million dollar values.
"Plasticon International, Inc. has the intention of acquiring 100% of AV-CB Developments, which will add more than $80,000,000 in sales to the Company. One of the most unique factors about AV-CB Developments is that they lock in their pricing and sell out their projects prior to construction commencing. AV-CB Developments is a green company that makes every effort to comply with all environmental issues as well as to use green products as much as possible in their projects," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that they have increased its revenues by $3,431,647 for the six months ending June 30, 2006 to $3,566,891 from $135,244 recorded for the six months period ending June 30, 2005. This is over 2537% increase in revenues. Plasticon International, Inc. has posted their second quarter 2006 unaudited financial statements on www.pinksheets.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) assumptions and other statements regarding AV-CB Developments 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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
posted
GOD I LIKE THIS! Plasticon International, Inc. has the intention of acquiring 100% of AV-CB Developments, which will add more than $80,000,000 in sales to the Company. One of the most unique factors about AV-CB Developments is that they lock in their pricing and sell out their projects prior to construction commencing. AV-CB Developments is a green company that makes every effort to comply with all environmental issues as well as to use green products as much as possible in their projects," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that they have increased its revenues by $3,431,647 for the six months ending June 30, 2006 to $3,566,891 from $135,244 recorded for the six months period ending June 30, 2005. This is over 2537% increase in revenues. Plasticon International, Inc. has posted their second quarter 2006 unaudited financial statements on www.pinksheets.com .
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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posted
Kinda makes you wonder how they'll pay for this acquisition. Guess they can just issue several jillion shares and pay with them. More dilution at .0004 Things that make you go hmmmmm......
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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quote:Originally posted by ed19363: Kinda makes you wonder how they'll pay for this acquisition. Guess they can just issue several jillion shares and pay with them. More dilution at .0004 Things that make you go hmmmmm......
posted
Look at the accumulation/distribution charts...It's been all accumulation... buying ...since December 1st..The charts and the L2's show dilution ended prior to December...The dilution, in lartge part, was to acquire Semco and Promold...Dilution would show as distribution on the charts...
The general thought is Turek is buying back a good portion of the float to create a short squeeze...This puppy's been shorted to the max...at least looking at the charts someone is buying a bunch of shares...Wonder who????
quote:Originally posted by ed19363: Kinda makes you wonder how they'll pay for this acquisition. Guess they can just issue several jillion shares and pay with them. More dilution at .0004 Things that make you go hmmmmm......
quote:Originally posted by Spartans: Look at the accumulation/distribution charts...It's been all accumulation... buying ...since December 1st..The charts and the L2's show dilution ended prior to December...The dilution, in lartge part, was to acquire Semco and Promold...Dilution would show as distribution on the charts...
The general thought is Turek is buying back a good portion of the float to create a short squeeze...This puppy's been shorted to the max...at least looking at the charts someone is buying a bunch of shares...Wonder who????
quote:Originally posted by ed19363: Kinda makes you wonder how they'll pay for this acquisition. Guess they can just issue several jillion shares and pay with them. More dilution at .0004 Things that make you go hmmmmm......
posted
Plasticon International, Inc.'s Wholly Owned Subsidiary SEMCOManufacturing Completes Work on $82 Million I-515 Beltway InterchangeProject
Mar 13, 2007 08:30:54 (ET)
LEXINGTON, KY, Mar 13, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating across a 76,400 square foot span of the interchange. Pictures of the completed project can be viewed on http://www.plasticonintl.com .
SEMCO's protective coating system was chosen to prevent the absorption of water into the surface of the bridges, to mitigate the cleanup cost of graffiti, and also for its attractive color schemes. The new interchange joins Interstates 215 and 515 in Henderson, Nevada with a multitude of roads, bridges and ramps. The total cost of the Interchange project was $82,247,827, paid for by a combination of federal, state and local funds.
"We're excited to have completed the I-515 Beltway Interchange for the Nevada Department of Transportation. SEMCO's revolutionary products are saving tax payer dollars and helping to beautify the interstate," stated Jim Turek, President and CEO of Plasticon International, Inc.
Based in Las Vegas, SEMCO Manufacturing markets and sells custom surfacing products to high profile commercial, public and private clientele. Their products are noted for aesthetic appeal and durability for use in heavily used walkways, extreme outdoor conditions and in chlorinated pools. Plasticon completed the acquisition of SEMCO Manufacturing, Inc. in January 2006.
Plasticon International, Inc. also recently announced that the proxy statements were mailed on Monday, February 26, 2007 to all shareholders of record. Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans can also be reached at (504)-581-1300.
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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
posted
Plasticon International, Inc. to Seek a Listing on the American StockExchange
Mar 14, 2007 08:30:44 (ET)
LEXINGTON, KY, Mar 14, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company intends to make an application for listing of its common stock on the American Stock Exchange.
Currently, the Company is taking special efforts to complete the filing of its third quarter 2006 Form 10-QSB with the Securities Exchange Commission. Upon filing of the third Quarter 2006 Form 10-QSB, the Company will become current with its periodic filing obligations. In addition, if the Company is successful in acquiring AV-CB, the Company believes that its balance sheet will satisfy the capital requirements that will allow the Company to submit an application for listing of its common stock on the American Stock Exchange. If current plans continue to hold and subject to further negotiations, the Company anticipates that the acquisition of AV-CB may be completed within the next 30 to 60 days.
"This is a proud moment for Plasticon International, Inc. and its shareholders. We are looking to become fully compliant in meeting our reporting obligations in the near future. If we are successful in completing the acquisition of AV-CB, we will be working to submitting an application for listing of our common stock on the American Stock Exchange," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating across a 76,400 square foot span of the interchange. Pictures of the completed project can be viewed on http://www.plasticonintl.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) assumptions regarding the acquisition of AV-CB, the planned application for trading on the American Stock Exchange, 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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
Revenue for the three months ended September 30, 2006 was $1,194,948, an increase of $1,193,227 from revenue totaling $1,721 for the three months ended September 30, 2005. The increase in revenue is attributed to the acquisition and operations of Semco Distribution, Inc., Ultimate Surfaces, LLC, and Pro Mold, Inc.
Cost of revenue for the three months ended September 30, 2006 was $802,062 as opposed to $507,321 for the quarter ended September 30, 2005. The gross profit for the three months ended September 30, 2006 was $392,886, as opposed to a loss of $505,600 for the quarter ended September 30, 2005, which is an improvement of $898,486 for the quarter and $1,843,895 for the nine months ending September 30, 2006.
For the quarter ended September 30, 2005, selling, general and administrative expenses were $11,673,292 of which, $6,548,040 was compensation for shares. Selling, general and administrative expenses for the three months ended September 30, 2006 were $2,349,990 of which, $1,067,168 was compensation for shares The decrease in these expenses is primarily attributed to a decrease in legal and accounting professional fees as well as a significant decrease in stock compensation. Loss from operations for the three months ended September 30, 2006 was $1,957,104 as opposed to $12,178,892 for the same quarter ended 2005. The decrease in loss from operations from September 30, 2005 to September 30, 2006 is attributed to the decline in compensation for shares and the decline in the acquisition related professional services.
Interest expense for the period ended September 30, 2006 was $97,517, an increase of $79,243 from the period ended September 30, 2005. The increase in interest expense is due to the acquisition funding and increased borrowing from related parties.
Total liabilities and stockholders’ deficit for the quarter ended September 30, 2006 was $8,156,399. The Company’s working capital deficit improved by approximately $9.7 million from $10.9 million at September 30, 2005 to $1.2 million at September 30, 2006 primarily due to debt restructuring. This trend is expected to continue.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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