han about how semco was paid for this may awnser part of your question Source: Plasticon International, Inc.
Plasticon Announces That Semco Acquisition Will be Privately Financed Cash Transaction
Plasticon Stock Will Not be Diluted as a Result of Transaction
LEXINGTON, Ky., May 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the acquisition of Semco, Inc. will be a privately financed cash transaction. Private financing has been arranged due to the profitability of Semco.
"There will be no dilution of Plasticon's stock as a result of this transaction," said Jim Turek, President and CEO of Plasticon International. "This acquisition will add tremendous value to Plasticon. Semco's ground-breaking products literally have no competition in the marketplace. Our current distributor is the largest building materials distribution company in the nation. Should our distributor agree to distribute Semco's product line, the impact on our sales would be absolutely staggering. Their surfacing products are unique and they fill an extremely important and profitable niche. They have the only product on the market which truly prevents water damage. This problem has plagued the construction industry and cost the U.S. billions of dollars annually. Semco's products completely waterproof the structure they are bonding to."
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