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Saturday, December 10, 2005

[PLNI]: False & Misleading Statements on the Pro Mold Acquisition

1. In a press release (Exhibit A) issued by Plasticon International, Inc. (PLNI) on December 9, 2005, PLNI stated in the headline:

"Plasticon Completes Pro Mold, Inc. Acquisition."


2. The text of the press release stated that "...the company has successfully completed the privately financed and definitive agreement for the acquistion of Pro-Mold, Inc., pending SEC approval...", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


3. The text of the press release further stated that "Plasticon will be receiving plant equipment and current contracts valued at close to $5 million", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


4. The text of the press release further stated that "The Pro Mold facilities will be wholly owned by Plasticon...", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


5. The paragraphs above imply that even though the headline to the PLNI press release stated that the acquisition of Pro Mold had been completed, the text in the press release completely contradicts the headline. According to PLNI, the Pro Mold acquisition is still dependant on SEC approval. Many of the other statements in the press release, such as the fact that the Pro Mold facilities were not wholly owned by Plasticon as of the date of the press release further contradict the headline of the press release issued by PLNI. It can be concluded that PLNI issued a false and misleading press release in an attempt to convince PLNI stockholders and potential investors that the assets and business of PLNI were significantly greater than the actual amounts as of the date of the press release. One needs to go no further than the completely contradicting statements in the text of the very same PLNI press release to prove that the headline of the press release was false and misleading.




Exhibit A


Plasticon Completes Pro Mold, Inc. Acquisition

LEXINGTON, KY, Dec 09, 2005 (MARKET WIRE via COMTEX) -- Plasticon International
Inc. (OTC: PLNI) is pleased to announce that the company has successfully
completed the privately financed and definitive agreement for the acquisition of
Pro Mold, Inc., pending SEC approval. Plasticon will be receiving plant
equipment and current contracts valued at close to $5 Million.

Pro Mold, Inc. is currently profitable and generates revenues of approximately
$5 million annually. Pro Mold, Inc. is one of the premiere injection molding
companies of the Midwest. The Pro Mold facilities will be wholly owned by
Plasticon, and will become the centerpiece for manufacturing operations. As a
result, Plasticon will no longer rely on contract manufacturers, thus improving
the company's bottom line.

The Pro Mold facilities allow Plasticon to greatly advance production
capabilities. With the addition of the new high-capacity molding machine that
Plasticon recently purchased, the plant will now be able to produce up to $28 to
$30 million in sales annually.

"This acquisition symbolizes a move to the next level for Plasticon, we can now
control the future of the company through our own proprietary manufacturing
methodology. This is a great day for Plasticon and our investors," stated Jim
Turek, President and CEO of Plasticon International, Inc.
About Plasticon International, Inc.

Plasticon International (http://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.

For more information, please visit the Plasticon web site online at
http://www.plasticonintl.com/, or Contact Investor Relations at: 1-866 THE APPL(E)
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.

Contact:
Plasticon
http://www.plasticonintl.com/
Investor Relations:
1-866 THE APPL(E)
SOURCE: Plasticon International Inc.
CONTACT: http://www.plasticonintl.com/
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