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Plasticon Announces Company is Profitable as of Second Quarter 2005; Review of Financials for first and second quarter 2005 show Plasticon to be on a positive cash flow basis.


LEXINGTON, Ky. -- Plasticon International Inc. (Pink Sheets:PLNI PLNI Pacific Lightnet Inc (Honolulu) ) today announced that a review of the financials for the first and second quarter of 2005 demonstrate that Plasticon has achieved profitability as of the end of the second quarter of 2005.

"Our momentum has been incredible over the last few months," said Jim Turek, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Plasticon International, Inc. "As the technology leader of the recycled plastics sector, we developed several major innovations which led to substantial cost savings and leaps in productivity. We announced our exclusive contract with the largest building materials Building materials used in the construction industry to create .

These categories of materials and products are used by and construction project managers to specify the materials and methods used for .
 distribution company in the U.S., which makes us the largest supplier of rebar re·bar  
n.
1. A rod or bar used for reinforcement in concrete or asphalt pourings.

2. A group of such rods forming a grid.



[re(inforcing) bar.]
 supports in the country. We also built some very important partnerships, which will allow us to continue to aggressively grow the company. All of these developments contributed to our profitability. So we are thrilled to announce that Plasticon International is profitable as of the second quarter of 2005."

Mr. Turek said that the company's top priority right now is to have the company audit completed by the end of July. "I am confident that we can meet this deadline. This is a very important step for us. Once the audit is completed we will immediately file the necessary documents with the SEC, in order to move Plasticon to the OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
. We expect this to be accomplished in the next 30 to 90 days. "

Mr. Turek emphasized that there will be many exciting announcements in the coming weeks and months, and noted that investors and shareholders should visit www.plasticonintl.com frequently for updates. "We approach communications with our shareholders and the public very seriously and we feel that it's very important to bring openness and integrity to the process. For news about our company, we urge investors to rely on trusted sites only. It has come to my attention that there is a lot of misinformation mis·in·form  
tr.v. mis·in·formed, mis·in·form·ing, mis·in·forms
To provide with incorrect information.



mis
 being bandied about on the internet regarding PLNI. If you are an existing shareholder or are considering buying stock in Plasticon, please consider very carefully the source of information you use to make your investment decisions. I urge all investors to make their decisions based on sound fundamental information and not on rumor, conjecture CONJECTURE. Conjectures are ideas or notions founded on probabilities without any demonstration of their truth. Mascardus has defined conjecture: "rationable vestigium latentis veritatis, unde nascitur opinio sapientis;" or a slight degree of credence arising from evidence too weak or too , or innuendo innuendo n. from Latin innuere, "to nod toward." In law it means "an indirect hint." "Innuendo" is used in lawsuits for defamation (libel or slander), usually to show that the party suing was the person about whom the nasty statements were made or why the comments . It's unfortunate that there is so much incorrect information on the internet, but again we would caution investors to only rely on trusted sites and other offline sources for investment information."

Strong fundamentals for Plasticon International give Mr. Turek a very optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 outlook as the company moves forward. "We are certainly in a very promising period of growth right now," Mr. Turek said. "The company is on very solid footing and is positioned for tremendous growth. PLNI offers serious investors strong fundamentals, superior patented products, an unprecedented distribution network in our sector, low overhead and positive earnings. We are grateful for the support of our existing shareholders and welcome those of you who are new owners of the Company," Mr. Turek said.

For more information, please visit Plasticon International online at www.plasticonintl.com.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work").  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 Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, compensation, and other factors which may be identified from time to time in the Company's public announcements.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 17, 2005
Words:714
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