NEW YORK, March 27, 2007 (PRIME NEWSWIRE) -- Plastinum Corp. (OTCBB:PLNU) is pleased to announce that its wholly owned subsidiary Plastinum Corp BV (the Netherlands) has appointed Rene Schutte as Senior Technology Officer effective March 27, 2007. Mr. Schutte will also serve in the same capacity on behalf of Plastinum.
Prior to his employment with Plastinum, he was employed by Wavin T&I Dedemsvaart, a global supplier of pipe systems solution, as a Polymer Specialist. In that role, Mr. Schutte was responsible for polymer analysis and the transformation of R&D developments into end products.
From 1998 to March 2006, Mr. Schutte was employed by Hycail B.V. Noordhorn, a producer of poly lactic acid polyester whose assets and intellectual property were acquired by Tate & Lyle in April 2006. At Hycail, Mr. Schutte was employed as Product Specialist R&D where his responsibilities involved chemical synthesis of new products, formulation work, internal and external evaluation of compounds, technical analysis of the formulations, implementation of the R&D developments and production process development and optimization.
Mr. Schutte obtained diplomas in Chemistry & Plastics and Chemical Laboratory education attending the "HLO Hogeschool Drenthe", Emmen the Netherlands, (Higher Laboratory Education, Bachelors, "Ingenieur").
Plastinum is also announcing that it has terminated its employment relationship with Patrick Sulzer, who previously had served as its Chief Operating Officer.
Plastinum Corp BV, at its Dutch Pilot plant in Emmen, is in the final stages of testing its industrial size Polymot350 for industrial production of its first commercial compound.
It is Plastinum Corp.'s objective to become a leading supplier of superior compounds in the plastic industry, through its unique reactor technology.
About Plastinum Corp:
Plastinum Corp., listed on The OTC Bulletin Board(r) (OTCBB) (ticker symbol "PLNU"), owns the patent rights associated with a ultra high shearing technology through which multiple immiscible thermoplastics can be blended.
The Company's mission is to commercialize the technology through applications in the virgin plastic markets (polymer alloys) and the plastic recycling sector (i.e. recycling of plastic from obsolete computer and other electronic equipment).
Certain statements in this news release, including statements that we "believe", "expect", "intend" or words of similar import (including statements with regard to our objectives and intentions), are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding our potential future plans and objectives, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in our Securities and Exchange Commission filings available at http://www.sec.gov.