SOURCE: Plasticon International Inc.

May 10, 2006 08:30 ET

Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

CORONA DEL MARA, CA -- (MARKET WIRE) -- May 10, 2006 -- WWW.BUYINS.NET is initiating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://WWW.BUYINS.NET.

Month           Total Vol.    Short Vol.   Avg. Price   Short $ Value
-----           ----------    ----------   ----------   -------------
January ’05     99,733,360     7,679,469     $0.003       $  23,038
February       162,740,080    12,530,986     $0.003       $  35,087
March           69,280,392     5,334,590     $0.003       $  15,470
April          105,720,168     8,140,453     $0.003       $  23,607
May          1,030,887,616    79,378,346     $0.011       $ 849,348
June           639,579,456    49,247,618     $0.015       $ 753,489
July           450,594,752    34,695,796     $0.015       $ 530,846
August         429,448,672    33,067,548     $0.013       $ 423,265
September      423,765,856    32,629,971     $0.013       $ 437,242
October        462,601,408    35,620,308     $0.010       $ 370,451
November       964,371,008    74,256,568     $0.007       $ 534,647
December       940,215,360    72,396,583     $0.005       $ 383,702
January ’06  2,114,025,728   162,779,981     $0.005       $ 862,734
February     1,082,063,104    83,318,859     $0.007       $ 541,573
March          658,098,944    50,673,619     $0.006       $ 298,974
April          678,449,664    52,240,624     $0.005       $ 261,203
May             92,029,720     7,086,288     $0.004       $  31,180

Total:      10,403,605,288   793,991,319     $0.008      $6,375,856

*   short volume is approximated using a proprietary algorithm.
**  average short price is calculated using a volume weighted average
    short price.
*** short volume is the total short trade volume and does not account
    for covers.


           PLNI On OTC Naked Short Threshold List

           Start               End                  Days on List

           January 7, 2005     January 13, 2005     5

           February 14, 2005   February 18, 2005    5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list two times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under 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, Inc. 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.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS.NET has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade-by-trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 750,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS.NET to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

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 which 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

  • Contact:
    Thomas Ronk, CEO
    WWW.BUYINS.NET
    +1-800-715-9999
    Tom@buyins.net

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

    Contact Investor Relations:
    Jackie Fleming
    Ph: 866 843 2775