Daily News logo Newsletter logo   Search News     Daily News   


Plasticon to Complete Pro Mold, Inc. Acquisition on November 9th

  Share With Friends

At Closing, Plasticon Will Receive Plant Equipment and Contracts Valued at Close to $5 Million Annually

Plasticon International Inc. (OTC: PLNI) is pleased to announce that the company will meet with Pro Mold, Inc. on November 9th to complete the privately financed acquisition.

"This acquisition is truly a new beginning for Plasticon," said Jim Turek, President and CEO of Plasticon International, Inc. "It brings to closure one phase of the company, and represents the dawn of the next phase of the business. Plasticon will no longer rely on contract manufacturers and we can now control our own destiny through our own proprietary manufacturing methodology. This is a major milestone for the company and represents a great advance in our production capabilities."

Mr. Turek also mentioned that Pro Mold, Inc. is currently profitable and has contracts that are worth close to $5 million annually. "Pro Mold, Inc. is one of the premiere injection molding companies of the Midwest and we look forward to welcoming them to the Plasticon family. As of November 10th, the Pro Mold facilities will be wholly owned by Plasticon, and will become the centerpiece of our manufacturing operations. The Pro Mold facilities allow Plasticon to produce up to $20 million in production and sales annually as is. And with the addition of the new high-capacity molding machine that Plasticon recently purchased, the plant will now be able to produce up to $28 to $30 million in production and sales annually," Mr. Turek said.

For more information about the company 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.

Distributed by Market Wire


 
Support Wikipedia


Follow NewsBlaze

on Twitter

@newsblaze


Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Prosecution Paints a Portrait of Abuse in the Trial of George Huguely V! - 80
2 .Texas: Cops Pull Over Drunk Cowgirl Wearing Only Cowboy Boots - 45
3 .Censorship in America - 55
4 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 63
5 .Insitu Delivers Small Tactical Unmanned Aircraft Systems Capability to Marines - 46
6 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 30
7 .Early Marriage Has Harmful Effects on Women - 34
8 .Effective Costa Rica Marketing Ranks Country as Top Brand in Latin America - 31
9 .IHOP Relies on Surging Bacon-Mania to Keep Pace With Competition - 30
10 .Christian Evangelist Father Johnson Reveals That India Embraces Christianity - 25
Updated: 20:59 PST     8293

NewsBlaze Editors

editors

NewsBlaze Writers


Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room