PNLI - (COMTEX) B: Plasticon International Inc. Completes Audited Financial State
ents ( Market Wire )
B: Plasticon International Inc. Completes Audited Financial Statements ( Market
ire )
LEXINGTON, KY, May 08, 2006 (MARKET WIRE via COMTEX) --
Plasticon International, Inc. (OTC: PLNI) 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 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.
Upon completion of the 2005 year end audit and the first quarter of
2006, which the Company fully expects to have the very near term,
Plasticon will submit the necessary filings to move the Company to
the OTC:BB.
"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 OTC:BB, 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 public, we fully anticipate
being re-quoted on 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."
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.
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:
Investor Relations
Rodney Marvel
Ph: 866 843 2775
SOURCE: Plasticon International, Inc.
Copyright 2006 Market Wire, All rights reserved.
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