SOURCE: Plasticon International, Inc.

October 26, 2006 08:30 ET

BUYINS.NET Identifies Naked Short Selling of 1.1 Billion Shares of Plasticon Stock

LEXINGTON, KY -- (MARKET WIRE) -- October 26, 2006 -- Plasticon International, Inc. (PINKSHEETS: PLNI) was informed that BUYINS.NET, a company not affiliated with Plasticon, has reported that the total aggregate number of Plasticon shares shorted from January 2005 to October 2006 is approximately 1.1 billion shares with an approximate total dollar value of $91.9 million.

According to BUYINS.NET, the Squeeze Trigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is anticipated when PLNI shares close above $0.0065. To access SqueezeTrigger prices ahead of potential short squeezes visit http://www.buyins.net.

"It has been our goal to identify and publish the pattern of brokers shorting our stock with the failure to deliver shares. Naked short selling is a financial assault and robs millions of dollars from investors as well as the ability for small cap companies to capitalize their operations. We are distressed by naked short selling and this practice wrongly influences the market. Our primary focus right now is to restore shareholder value and confidence in Plasticon International, Inc," stated Plasticon President and CEO Jim Turek.

Plasticon International, Inc. was on the OTC Naked Short Threshold list in January and in February of 2005. At the conclusion of each settlement day, data was provided on securities in which there were at least 10,000 shares in aggregate failed deliveries for five consecutive settlement days. The failures were to have constituted at least 0.5% of the issuer's total shares outstanding. The Securities Exchange Act of 1934 mandates that if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent and the broker/dealer it clears for must purchase securities to close out its fail to deliver position.

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.

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) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. 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, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT 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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