Plasticon Announces That Semco Acquisition Will be Privately Financed Cash Transaction

Plasticon Stock Will Not be Diluted as a Result of Transaction

LEXINGTON, Ky., May 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the acquisition of Semco, Inc. will be a privately financed cash transaction. Private financing has been arranged due to the profitability of Semco.

"There will be no dilution of Plasticon's stock as a result of this transaction," said Jim Turek, President and CEO of Plasticon International. "This acquisition will add tremendous value to Plasticon. Semco's ground-breaking products literally have no competition in the marketplace. Our current distributor is the largest building materials distribution company in the nation. Should our distributor agree to distribute Semco's product line, the impact on our sales would be absolutely staggering. Their surfacing products are unique and they fill an extremely important and profitable niche. They have the only product on the market which truly prevents water damage. This problem has plagued the construction industry and cost the U.S. billions of dollars annually. Semco's products completely waterproof the structure they are bonding to."

Semco's products are able to waterproof the structure they adhere to because of the advanced technology behind their product line. Their products chemically link and bond with the surface they are applied to, which makes them essential to construction companies and distributors.

"Not only are their products unique," Mr. Turek said, "they also perfectly compliment our recycled plastic rebar support products. This would be product synergy at its best. A perfect example of this would be the application to bridge construction, which is a huge segment of construction industry. A very high percentage of bridges are plagued with water damage problems, and that's why companies increasingly have turned to Plasticon's rebar support products. Now we have the opportunity to sell Semco's concrete coating products to those same customers, which adds a critical layer of waterproofing protection."

Semco's 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. Water damage costs the U.S. billions of dollars annually. "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, are the next killer application for the construction industry."

On May 31st, Mr. Turek will be featured on a webcast at to discuss the acquisition and other recent developments at Plasticon International. For more information about Plasticon International, please visit

About Plasticon International, Inc.

Plasticon International ( 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 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.


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