LEXINGTON, Ky., June 30, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that R&S Manufacturing has increased their order for Plasticon's recycled plastic rebar supports by 50%, bringing their order this year to over $750,000. Plasticon's patented rebar supports, the most advanced in the industry, will be supplied to R&S's customers with every order of their post-tension cable products.
"The initial order for our rebar supports was placed at the beginning of this month, and now the order has already been increased by 50%," said Mr. Jim Turek, President and CEO of Plasticon International. "Those numbers speak for themselves. We are excited that our relationship with R&S manufacturing is already exceeding expectations. R&S is a dynamic, growing company and we look forward to continuing to build the relationship with them. Every order of post-tension cable will be accompanied by our rebar support products. R&S Manufacturing is one of the oldest, most trusted names in post tensioning cable sector and we believe that demand will continue to increase for their products. We are looking forward to continuing to develop our relationship with R&S."
R&S Manufacturing, which has been in business for over 20 years, is one of the leading post tension cabling suppliers in the United States. Post tensioning, which is used in slab construction, is a method of strengthening and reinforcing concrete using steel cables. "R&S's products and Plasticon's products will work together seamlessly, and will provide construction companies with the best in breed solution for strengthening concrete," Mr. Turek said.
Mr. Turek also noted that R&S has now requested that Plasticon International design and manufacture customized products based on their specifications. "I am extremely pleased with the close working relationship that has developed between the management team of R&S Manufacturing and Plasticon International. We are delighted to be working with another industry leader, and I look forward to continuing to work with them on product improvements for our industry."
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.
Plasticon International, Inc.: Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements that 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.