They have cut ties with Plastinum (at least as far as share ownership), although Jaques Mot is the CEO of both companies.
From 10-Q filed 5/15/2009 :
"At December 31, 2006, we owned approximately 94% of the issued and outstanding equity securities of Plastinum Polymer Technologies Corp., formerly known as Plastinum Corp. (“Plastinum”). On February 20, 2007, we effected a pro rata distribution (or "spin off") of Plastinum to our stockholders whereby our stockholders of record as of that date received one share of Plastinum common stock for each share of our common stock the stockholder owned, and the Company no longer owns any interest in Plastinum or Plastinum’s business. The results of operations of Plastinum have been included in these financial statements through February 20, 2007 and are presented as discontinued operations in the financial statements."