Company Finalizes Estimated $30,000 Flooring Project
May. 29, 2007 12:30 PM
LEXINGTON, KY -- (MARKET WIRE) -- 05/29/07 -- Plasticon International, Inc. (PINKSHEETS: PLNIQ) announced today that the Company's wholly owned subsidiary, SEMCO
Manufacturing, is in the final stages of installing flooring in a
Lexington, KY Cadillac and Volvo dealership. The project is valued at an
estimated $30,000 in revenue and is expected to be completed in
approximately two weeks.
SEMCO is installing the X-Bond System into the servicing bays of the
Lexington Cadillac and Volvo dealership. The X-Bond System is a surface and
finishing system offering the ultimate in durable, environmentally
responsible, and creative design capabilities.
"Plasticon International and SEMCO Manufacturing are very excited to be
working on a project of this nature. We feel that the Lexington Volvo and
Cadillac dealership project helps showcase the diversity of the X-Bond
System," stated Jim Turek, CEO and President of Plasticon International,
Inc.
Plasticon International, Inc. recently announced that that the Company is
offering a share exchange program to their shareholders. Plasticon
International, Inc. will offer to exchange common shares of stock from
shareholders, which they will value at $.001, which is premium to market
price, in exchange for convertible preferred stock to be valued at $1.00 a
share. This means, for every 1,000 shares of common stock offered back to
the Company, shareholders will receive one share of convertible preferred
stock valued at $1.00 for future conversion purposes.
About Plasticon International, Inc.:
Plasticon International (www.plasticonintl.com) designs, produces, and
distributes high-quality concrete accessories, informational and
directional signage and plastic lumber, which are all produced from
recycled and recyclable plastics. Plasticon is a leader and an innovator of
cutting edge design, engineering, and production of industrial and
commercial products. Plasticon is an environmentally friendly company 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.
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Contact:
For more information, please visit: http://www.plasticonintl.com
Or Call:
Investor Relations
1-866-THE-APPL(E)
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