SOURCE: Plasticon International Inc.

October 27, 2005 08:30 ET

Plasticon to Complete Acquisition of SEMCO Manufacturing on November 17th

CEO Jim Turek: SEMCO, a Pioneer of Resurfacing Technology, Will Be a Major Profit Center for Plasticon

LEXINGTON, KY -- (MARKET WIRE) -- October 27, 2005 -- Plasticon International Inc. (OTC: PLNI) announced today that the company will meet with SEMCO Manufacturing, Inc. on November 17th, 2005, to complete the privately financed acquisition.

"The final product review stage of SEMCO's surfacing technology is finished and we look forward to completing this acquisition on November 17th," said Jim Turek, President and CEO of Plasticon International, Inc. "This acquisition has generated a lot of excitement because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, will represent the most advanced waterproofing solution in the marketplace today for the construction industry. SEMCO's products are recognized as the best of breed surfacing products and technology in the United States. SEMCO's reputation as a cutting-edge surfacing technology company has also extended oversees. As a result they have opened offices in Japan, China, Singapore, and Australia to meet demand."

Because SEMCO's advanced surfacing technology is both unique and essential, Mr. Turek believes that SEMCO Manufacturing will add tremendous value to Plasticon's bottom line. "SEMCO's water-based resurfacing products, which cross-link chemically to any material they are being bonded to, reinforces the density of virtually any surface, including concrete, tile and wood to name a few. There are almost endless applications for their cutting-edge products. That's why we are confident that SEMCO will be a major profit center for Plasticon."

According to Mr. Turek, Plasticon has already received serious inquiries from ten major licensees who are interested in distributing SEMCO's products. "Since our announcement about the letter of intent to acquire SEMCO, we have been inundated with phone calls and inquiries about SEMCO's product line. In fact, we already have ten potential regional licensees lined up to distribute SEMCO's products. The reason for this is simple: SEMCO's products are both essential and unique. They have the only product on the market which truly prevents water damage. This problem has always plagued the construction industry and costs the U.S. billions of dollars annually."

Mr. Turek noted that the product synergies with Plasticon's existing recycled plastic rebar support product line and SEMCO's surfacing products will allow Plasticon to immediately begin offering SEMCO's products to existing customers. "SEMCO's surfacing products add years to the life of the structure by eliminating the absorption of water into concrete. Until now, water damage has corroded the metal rebar support which has been used in bridge construction in the past. The combination of Plasticon's rebar supports, which are impervious to water because they are made from recycled plastic, and SEMCO's surfacing products, which completely waterproof the structure they are bonded to, is unprecedented in our sector," Mr. Turek said. "These two products, offered together, give Plasticon an enormous competitive advantage. We will be the only company in our sector that can offer a truly comprehensive waterproofing solution to the construction industry."

SEMCO Manufacturing, based in Las Vegas, Nevada, since 1981, has provided their surfacing products to many of the city's most impressive showcase projects, including the world-famous fountains at the Bellagio, Las Vegas's premier hotel-casino, the MGM Grand and The Venetian Hotel-Casino. Their eclectic customer base also includes high-profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects to the Bioshpere project, where the SEMCO team provided the materials for the creation of a lush, fully functioning indoor rainforest. SEMCO's product line is noted for its incredible durability which is why it is used on heavily trafficked walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors.

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