PLNI.PK

[higherstocks]

Hey Fousc, I did buy on Friday at .0044 only bought 100,000 shares though.  I will hold and see if the uptren continues.  They will need to come out soon about the buy-back though

[SarfiSoy]

Breaking down the 50 day ma resistance point today. Up 30% since yesterday's entry already

[SarfiSoy]

.0071 for a HOD, nice way to break the 50 day moving average

[plocp]

A month or so ago, I wrote an article on penny stocks, advising readers, as I've often done, to consider steering clear. I received a thoughtful response from a reader and thought I'd share it with you. Jeffrey T. said:

"I found your Motley Fool article on penny stocks nearly right on the money ... however, not ALL penny stocks are scams. Take Plasticon International (OTCBB: PLNI), for example. They are a fledgling company utilizing recycled plastic to manufacture concrete building products such as rebar supports and, coming soon, plastic rebar. With the future rebuilding efforts after Hurricanes Rita and Katrina, alternatives to steel products will be sought. Add to this, the company has recently acquired a company specializing in concrete sealing. This product along with the rebar supports can easily add YEARS to the life of bridges and buildings, by reducing the amount of decay from environmental impacts and corrosion. I would like to see you do a follow up story to the one you recently wrote, and highlight that there do exist some DIAMONDS in the pile of shiny rocks as you so appropriately quoted!"

Jeff, your wish is my command. There surely are some diamonds in the pile of penny stocks -- I'll concede that point immediately. The problem is, they're not so easy to find, and I'm not even sure that you've found one in Plasticon.

Plasticon's green flags
Your email did make Plasticon sound quite enticing, so I tried to look up information on it. I struck out at my usual sources of quick data, such as our own Quotes and Data area and even Yahoo!'s offerings. The place where I found the most information was Plasticon's website. There, I learned that:

The firm is 17 years old.

Its "line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states."

It has recently dramatically increased production capacity to $20 million in annual sales -- and up to $30 million, soon.

The market for rebar supports was $27 billion back in 1993, suggesting that there's plenty of money to be made if Plasticon's plastic rebar is accepted and purchased.

Plastic lumber sales in the United States are growing at 40% per year. I've seen plenty of plastic lumber and am impressed with it. Tom Gardner even recommended plastic lumber maker Trex (NYSE: TWP) in our Stock Advisor newsletter. (Though its stock has been having a bad year.)

A link to a profile of the company in a newspaper reported that the firm's products are used in all 50 states, and in more than 200 bridges across the nation, as well as elsewhere. Also, the firm has received patents valued at over $20 million and has an inventory of injection molds valued at over $10 million. (Inventory, like patents, isn't necessarily a good thing, unless it's put to good use.)

The firm is planning to buy back shares -- some 200 million to begin with -- which can boost the share price.
Plasticon's red flags
The only trouble is, despite all this information, I didn't see some of the info I was seeking. Specifically, I couldn't find:

Copies of quarterly and annual financial reports filed with the Securities and Exchange Commission (SEC).

Reports on just how much money the company has taken in in revenues over the past years and quarters, and how much it has kept as profits. (One press release listed on the company website had a headline that said "Plasticon Announces Company is Profitable as of Second Quarter 2005," but the link to the article was no longer working.)

Reports on the company's financial health. For example, how much debt does it have, and how much cash? Sometimes terrific companies crash because they can't service their debt or just don't have enough money to keep the machinery running long enough to make money.
This is pretty standard stuff for most publicly traded companies. For example, a quick trip to the website of Buffalo Wild Wings (Nasdaq: BWLD), a $225 million company recommended in our Hidden Gems newsletter a few months ago, offers links to annual reports and SEC filings, among other things. (Grab a painless free trial of Hidden Gems and see what other small, dynamic firms we've recommended.) It's the same with $650 million Rule Breakers recommendation Myriad Genetics (Nasdaq: MYGN), which is up some 14% since being featured a few months ago. (Try Rule Breakers for free and see the whole list of recommended stocks.)

There's other information I'd want before I'd consider investing in this firm, too. For example, who are its competitors and how are they doing?

Above all, I'm left wondering why the company, if it's doing so well, isn't offering any data on its financial health and performance for investors and would-be investors. One might argue that such details might be hidden so as not to inform competitors, but still ....

I tried one last resort. I called the Investor Relations contact person listed on the website. I thought I'd gotten the wrong number at first, though, because the call was answered by a Florida-based consulting company, which apparently handles investor relations issues for the Kentucky-based Plasticon. Regardless, I asked the fellow to send me the company's latest financial statements -- and was told he couldn't. He said they would be available in the near future, and that he'd send them to me. This was a week or two ago, and all I received was a press release announcing that "Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility" and "Injection Molds Have Been Independently Valued at $10 Million." I even asked for past reports, while I wait for the latest ones. That went nowhere, too -- they simply weren't available.

In a nutshell
I've seen, read and heard enough about Plasticon now to make me not want to invest in it. This could end up being one of many investments and non-investments I regret later, but that's OK.

The company's market cap, or total market value, appears to be in the neighborhood of $15 million. That's pretty darn tiny. A simple, successful mom-and-pop store down the street might carry such a value. The stock price is a mere penny per share. If the firm is really doing so well, why are the stock price and market value so low?

I remain committed to my belief that most stocks valued at less than $5 per share carry such low prices for good reasons. These "penny stocks" tend to be volatile and are easy to manipulate and lose money on. Basically, I'd rather invest in firms with established and impressive track records and more transparent finances. If Plasticon one day offers more data on itself, I'll be happy to take a closer look, since the company and the industry are quite intriguing.

In the meantime, there are lots (and lots) of more established and exciting companies. Even Tootsie Roll (NYSE: TR) is compelling -- as W. D. Crotty explained recently. He pointed out that had you invested $1,000 in Tootsie Roll back in 1957, you'd have more than a million dollars now, as its average compound growth rate over the period topped 16%. Then there's Avon (NYSE: AVP), which as M. D. Mitchell explained, is growing slowly but surely and may grow much more, thanks to a presence in China. And Stock Advisor selection 7-Eleven (NYSE: SE), which recently reported sales up 17% and profits up a whopping 54%. See? Lots of promising candidates for investments -- and they all have financial statements ready for your examination.

So am I here to slam Plasticon? Not at all. I just don't know enough about it, even though I tried to learn -- which is the problem. If you know more than I do about Plasticon, as you well might, I invite you to share more information on our discussion board.

Learn some fascinating stuff about penny stocks in these articles:

Straight Talk on Penny Stocks
A Penny Stock Penny-Pinching Guide
Penny Stock Nation
The Right Kind of Pennies
Be a Penny Stock Millionaire!
Penny Stocks From Heaven
Selena Maranjian's favorite discussion boards include Book Club, The Eclectic Library and Card & Board Games. She owns shares of no company mentioned in this article. For more about Selena, view her bio and her profile. You might also be interested in these books she has written or co-written: The Motley Fool Money Guide and The Motley Fool Investment Guide for Teens. The Motley Fool is Fools writing for Fools.

[joozt]

do you think it is a BUY at current levels?

today
0.0069 -      19%

with all the good news we had and yet to come (buyback)?

some TA would be appreciated!
thanks

[joozt]

7 consecutive red days for PLNI
brought it back to 0.006 (from 0.010)

when do you TA's see this as a BUY opportunity - would like to learn things like that

thanks in advance.

[joozt]

one last try 

[GatewayStocks]

Plasticon International Inc. Completes Audited Financial Statements
Monday May 8, 8:56 am ET


Plasticon Completes Audits and Submits Filings to the SEC


LEXINGTON, KY--(MARKET WIRE)--May 8, 2006 -- Plasticon International, Inc. (Other OTCLNI.PK - News) is pleased to announce they have completed their Audits and have submitted its filings to the SEC. Plasticon International Inc. has completed their audits for 2003 and 2004 and will now move expeditiously to complete their audits for the year end 2005 and the first quarter of 2006.
Plasticon International's financial statements have been audited by Mendoza Berger Company, L.L.P., CPA, who has served as the independent auditor for the Company during the fiscal years ended December 31, 2004 and 2003. Plasticon International's financial statements have been filed along with an information statement on http://www.pinksheets.com. The Company is presently nearing completion of the 2005 audit and expects to make its filings available in the near future, along with the first quarter of 2006.

ADVERTISEMENT


Upon completion of the 2005 year end audit and the first quarter of 2006, which the Company fully expects to have in the very near term, Plasticon will submit the necessary filings to move the Company to the OTCB.

"We have commissioned a leading Market Maker to submit the necessary filings with the SEC and NASD to move the Company up to the NASDAQ Bulletin Board," said Jim Turek, President and CEO of Plasticon International, Inc. "It is our goal to move the Company to the NASDAQ Bulletin Board as quickly as possible. Once we have completed the move to the OTCB, we will then focus on bringing the Company to the American Stock Exchange."

Mr. Turek added, "This is a very exciting time for Plasticon International, Inc. This is truly a milestone for the Company. By completing its audits, Plasticon is moving forward and getting closer to its goal of moving to higher markets. In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years. Upon making the first quarter of 2006 financial statements available to our shareholders and the pubic, we fully anticipate being re-quoted on http://www.pinksheets.com."

Mr. Turek also noted, "There are many significant developments regarding sales that the Company will be discussing with its shareholders and the public in the coming days and weeks. Additionally, we will be implementing the buy back program and addressing the share structure of Plasticon International, Inc. Once again, the Company wishes to be clear that there are no plans for a reverse split now or in the future. The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."

[higherstocks]

2004 Annual Report!
https://www.otcstockinfo.com/repository/671/671_FR3.pdf

http://www.pinksheets.com/quote/finance.jsp?symbol=PLNI


Posted: Wed May 10, 2006 8:10 am    Post subject: PLNI - Plasticon International - News:   

--------------------------------------------------------------------------------

PLNI -- Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

CORONA DEL MARA, CA, May 10, 2006 (MARKET WIRE via COMTEX) -- WWW.BUYINS.NET is initiating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Month Total Vol. Short Vol. Avg. Price Short $ Value
----- ---------- ---------- ---------- -------------
January '05 99,733,360 7,679,469 $0.003 $ 23,038
February 162,740,080 12,530,986 $0.003 $ 35,087
March 69,280,392 5,334,590 $0.003 $ 15,470
April 105,720,168 8,140,453 $0.003 $ 23,607
May 1,030,887,616 79,378,346 $0.011 $ 849,348
June 639,579,456 49,247,618 $0.015 $ 753,489
July 450,594,752 34,695,796 $0.015 $ 530,846
August 429,448,672 33,067,548 $0.013 $ 423,265
September 423,765,856 32,629,971 $0.013 $ 437,242
October 462,601,408 35,620,308 $0.010 $ 370,451
November 964,371,008 74,256,568 $0.007 $ 534,647
December 940,215,360 72,396,583 $0.005 $ 383,702
January '06 2,114,025,728 162,779,981 $0.005 $ 862,734
February 1,082,063,104 83,318,859 $0.007 $ 541,573
March 658,098,944 50,673,619 $0.006 $ 298,974
April 678,449,664 52,240,624 $0.005 $ 261,203
May 92,029,720 7,086,288 $0.004 $ 31,180
Total: 10,403,605,288 793,991,319 $0.008 $6,375,856

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for covers.

PLNI On OTC Naked Short Threshold List
Start End Days on List
January 7, 2005 January 13, 2005 5
February 14, 2005 February 18, 2005 5

Plasticon International, Inc. has been on the OTC Naked Short Threshold list two times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

About Plasticon International, Inc.

Plasticon International, Inc. 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.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS.NET has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade-by-trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 750,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS.NET to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Plasticon International, Inc. has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.

By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.

Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.

Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

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.
Contact:
Thomas Ronk, CEO
WWW.BUYINS.NET
+1-800-715-9999
[email protected]
Contact:
Pl asticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Jackie Fleming
Ph: 866 843 2775
SOURCE: Plasticon International Inc.
CONTACT: http://www.buyins.net
mailto:[email protected]
http://www.plasticonint l.com

[Draak]

 The Start of a new movement upwards! And a big one. The company is ready Pro mould is under the belt as is Semco. Financials looking very good!


October 26, 2006 - 7:30 AM EST           
 
BUYINS.NET Identifies Naked Short Selling of 1.1 Billion Shares of Plasticon Stock
Plasticon International, Inc. (PINKSHEETS: PLNI) was informed that BUYINS.NET, a company not affiliated with Plasticon, has reported that the total aggregate number of Plasticon shares shorted from January 2005 to October 2006 is approximately 1.1 billion shares with an approximate total dollar value of $91.9 million.

According to BUYINS.NET, the Squeeze Trigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is anticipated when PLNI shares close above $0.0065. To access SqueezeTrigger prices ahead of potential short squeezes visit http://www.buyins.net.

"It has been our goal to identify and publish the pattern of brokers shorting our stock with the failure to deliver shares. Naked short selling is a financial assault and robs millions of dollars from investors as well as the ability for small cap companies to capitalize their operations. We are distressed by naked short selling and this practice wrongly influences the market. Our primary focus right now is to restore shareholder value and confidence in Plasticon International, Inc," stated Plasticon President and CEO Jim Turek.

[Draak]

Up %25 on the best volume in a long long time! If the volume continues and the shorts are forced to cover PLNI will hit the trigger price and really run North!

[Draak]

Support in at PLNI. If this can trade to trigger price, you will have a serious Multi bagger!

One good volume day and the rally will be fantastic. $'s DD! and radar. Financials out soon which have shown big increases in revenue and semcos business is booming.

[Draak]

PLNI Semco $1 Million worth of orders in 2 days!

October 30, 2006 - 8:30 AM EST           


Plasticon International, Inc.'s SEMCO Manufacturing Unit Selected for West Charleston Lofts Project in Las Vegas
Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has been selected for the West Charleston Lofts project in Las Vegas, Nevada. The first element of the project has been awarded in the amount of $150,000 and work is progressing on the first 45 units for a total estimated value of $852,000.

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.

"We are very excited about the recent project bid that was awarded to SEMCO Manufacturing, Inc. There will be more details regarding the project as the work progresses and there may be additional projects awarded from West Charleston Lofts," stated Jim Turek, CEO and President of Plasticon International, Inc.

SEMCO Manufacturing, based in Las Vegas, Nevada since 1981, markets and sells surfacing products to many of the city's most impressive showcase projects, including a number of 5 star luxury resorts. SEMCO is known for its eclectic customer base which also includes high profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects. One well-known SEMCO project included the Biosphere project where SEMCO provided the materials for the creation of a lush, fully functioning indoor rainforest.

October 31, 2006 - 8:08 AM EST           


Plasticon International, Inc. Subsidiary Awarded Nevada Beltway Construction Contract Valued at Over $240,000
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Nevada Department of Transportation has awarded Semco Distribution, Inc., a subsidiary of the Company, a $241,850 contract for the surfacing of the concrete embankment at the I-515 Beltway Interchange in Nevada. The project involves the application of Semco's proprietary concrete sealants and anti-graffiti coating.

Semco's coating system was chosen to allow the Nevada Department of Transportation an opportunity to use a more attractive color combination, to eliminate the absorption of water into the surface of the structure and to mitigate the cleanup cost of graffiti with their protective coating. The new interchange joins Interstates 215 and 515 in Henderson, Nevada with numerous roads, bridges ands ramps. The total cost of the Interchange project is $82,247,827, paid for by a combination of federal, state and local funds.

"We believe that as environmental regulations increase, the worldwide demand for Semco's surfacing systems may grow. We now offer a total waterproofing solution for major construction projects. Our unique re-bar support products with Semco's concrete coating is a combination that will provide countless opportunities for us to sell both Plasticon and Semco products to the same customers on the same projects," stated Plasticon President and CEO Jim Turek.

[Draak]

 November 2, 2006 - 8:43 AM EST           

Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
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.

[Draak]

Showing strength. It's looking like resistance is going to break soon, Then should push us ever closer as the share buy back and pro mould figures are released.

Just forming a right shoulder from the inverse head. Strong base here.