LEXINGTON, KY-March 14, 2007 -- Plasticon International, Inc. (OTCPK:PLNI - News) is pleased to announce that the Company intends to make an application for listing of its common stock on the American Stock Exchange.
Currently, the Company is taking special efforts to complete the filing of its third quarter 2006 Form 10-KSB with the Securities Exchange Commission. Upon filing of the third Quarter 2006 Form 10-QSB, the Company will become current with its periodic filing obligations. In addition, if the Company is successful in acquiring AV-CB, the Company believes that its balance sheet will satisfy the capital requirements that will allow the Company to submit an application for listing of its common stock on the American Stock Exchange. If current plans continue to hold and subject to further negotiations, the Company anticipates that the acquisition of AV-CB may be completed within the next 30 to 60 days.
"This is a proud moment for Plasticon International, Inc and its shareholders. We are looking to become fully compliant in meeting our reporting obligations in the near future. If we are successful in completing the acquisition of AV-CB, we will be working to submitting an application for listing of our common stock on the American Stock Exchange," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating across a 76,400 square foot span of the interchange. Pictures of the completed project can be viewed on www.plasticonintl.com.
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.
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