SOURCE: Plasticon International Inc

October 26, 2005 08:30 ET

Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders

After Completing the Acquisition of ProMold, Inc. on November 9, Plasticon Will Begin a 6 Day Per Week, 24 Hour Per Day Production Cycle to Meet Demand

LEXINGTON, KY -- (MARKET WIRE) -- October 26, 2005 -- Plasticon International Inc. (OTC: PLNI) announced today that upon completion of the acquisition of ProMold, Inc. on November 9th, the company will adopt a 6 day per week, 24 hour per day production cycle to meet increased demand. ProMold, Inc. currently has a $1 million backlog of orders.

"The quality of ProMold's molding products is second to none in the industry," Mr. Turek said. "The recent natural disasters that destroyed billions of dollars of property in the U.S. led to a dramatic increase in construction projects and this in turn has led to increased demand for high-quality construction products. We project that demand will be on the rise for the foreseeable future. The recent $1 million backlog of orders for ProMold's products demonstrates that they are highly sought after in the industry. Again, we are looking forward to completing this transaction, which will dramatically increase our production capacity and add to our bottom line. Upon completion of the acquisition, we will immediately work to fulfill these orders."

Mr. Turek also mentioned that ProMold, Inc. is currently profitable and has contracts that are worth close to $5 million annually. "ProMold, Inc. is one of the premiere injection molding companies of the Midwest. When Plasticon takes over the ProMold facilities, we will be able to reach up to $20 million in production and sales annually as is. And with the addition of the new high-capacity molding machine that we recently purchased, the plant will now be able to produce up do $28 to $30 million in production and sales annually," Mr. Turek said.

Mr. Turek will be appearing on American Scene Radio with Steve Crowley on Thursday, October 27 between 9:10 and 9:30 AM to discuss the ProMold, Inc. acquisition and other recent developments with the company. (The program can be accessed at www.americansceneradio.com) For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies 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 whish 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 Information

  • Plasticon International, Inc.:
    Jim Turek
    President and CEO
    3166 Custer Drive, Suite 101
    Lexington, Kentucky 40517
    web site: www.plasticonintl.com

    Contact Investor Relations:
    Matt Maguire
    Ph: 866 843 2775