"For the first time in the history of the company, Plasticon will control the manufacturing process from start to finish, which will allow us to control our own destiny through the Pro Mold production facility," said Jim Turek, President and CEO of Plasticon International. "From this point forward, we will no longer rely on contract manufacturing. This is an exciting milestone for Plasticon." Next week, Plasticon will webcast a video tour of the entire plant. Mr. Turek will be present to start the new state-of-the-art 500-ton Toyo molding machine, signaling the beginning of Plasticon's control of the facility. "We will now control the entire manufacturing process, from molding the recycled resins, shaping them into innovative recycled plastic products and delivering the final product to the field," Mr. Turek said.
According to Mr. Turek, there are several major advantages to acquiring the Pro Mold facility. "First, the new plant will allow the company to offer enhanced service to our customer base through faster turnaround times on orders. Secondly, the new plant will give the company more direct supervision of quality control issues. Third, it will allow us to meet increased demand. Demand has been steadily rising for our most recently patented product, the PAC Chair III, as well as our additional recycled plastic rebar support products. The new facility allows us to control the process and effectively meet demand. Additionally, there is currently a $1 million backlog in orders for Pro Mold, which will need to be met as soon as possible. Fourth, the facility will allow us to produce custom-made orders, which will allow for expanded sales opportunities. We are looking forward to getting started on November 10th."
The new production facility allows for $20 million in production and sales annually at present production capacity, and with the addition of several new Toyo machines, production capacity can be pushed to between $25 million to $28 million annually.
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.
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