SOURCE: Plasticon International, Inc.

March 07, 2007 08:39 ET

Plasticon International, Inc. Increases Revenues by Over $3.4 Million

Company Posts Their 2006 Second Quarter Unaudited Financial Statements on

LEXINGTON, KY -- (MARKET WIRE) -- March 7, 2007 -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company has increased its revenues by $3,431,647 for the six months ending June 30, 2006 to $3,566,891 from $135,244 recorded for the six months period ending June 30, 2005. This is over 2537% increase in revenues. Plasticon International, Inc. has posted their second quarter 2006 unaudited financial statements on

The Company reduced its current liabilities by $8,972,085 through a reduction of notes payable for the six months period ending June 30, 2006 as compared to June 30, 2005. Plasticon International, Inc. increased their assets by $1,903,350 for the six months period ending June 30, 2006 as compared to June 30, 2005. The Company and its wholly owned subsidiaries increased their finished goods inventory by $242,126 for the six months period ending June 30, 2006 as compared to June 30, 2005.

"We are very pleased to provide our shareholders with our financial statements for the second quarter of 2006. We are currently working on the third and fourth quarter, as well as, the year end financial statements for 2006. It is our goal to become current in our financial statements in order to up list to the OTC Bulletin Boards," stated Jim Turek, CEO and President of Plasticon International, Inc.

Plasticon International, Inc. recently announced that the proxy statements were mailed on Monday, February 26, 2007 to all shareholders of record. Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans call can also be reached at (504)-581-1300.

About Plasticon International, Inc.:

Plasticon International ( 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, projected profits, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. 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, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements 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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