HUGE NEWS ON IFOS...NOT A BUY RECO ON IFOS...AS A MATTER OF FACT, DON'T BUY IT..DO WHATEVER IT TAKES NOT TO BUY IFOS...
HUGE NEWS.
Press Release
International Foam Solutions To Be Featured in DuPont Magazine
DELRAY BEACH, Fla.--(BUSINESS WIRE)--Sept. 21, 2000--International Foam Solutions, Inc. (OTCBB:IFOS - news) announced today that the Company and its patented proprietary process, the Styro Solve(TM) System© are being showcased in the upcoming October 1, 2000 issues of the U.S. and Global editions of the DuPont® Magazine, the official quarterly trade publication of DuPont (NYSE:DD - news).
Harvey Katz, C.E.O. of International Foam Solutions, Inc. (IFS) stated ``By featuring The Styro Solve System© in their quarterly magazine, DuPont recognizes IFS's cutting edge technology in polystyrene on site reduction and recycling.'' International Foam Solutions, Inc. (IFS) is the only company in the world with a proprietary environmentally safe, non-hazardous, chemical process that effectively addresses the world's growing polystyrene disposal problems and uses, a DuPont Nylon division product, as one of its key ingredients.
The full color two page article will feature pictures of the IFS Solution Machine© and discuss its revolutionary applications. The DuPont magazine is distributed in the United States, Europe and Asia and has a circulation of over 250,000. The article will be on IFS's web site when it released. (www.internationalfoamsolutions.com.)
Katz also announced today that in a separate article ``The Styro Solve System©'' will be in another DuPont Europe quarterly magazine. This article was written in Germany and will be distributed throughout Europe. This will give IFS tremendous exposure to a wider audience.
``In anticipation of the article, DuPont has already been introducing IFS to several of their distributors in Europe,'' added Katz. ``IFS has received positive responses from DuPont distributors in six European countries: Norway, England, Germany, France, Spain and Italy. IFS is making plans to meet with these distributors within the next 60 days to finalize agreements.'' Some of these distributors have revenues in the mid nine figure bracket ($100,000,000'S+)`` stated Katz.
``Europe has a larger population than the United States and we in the US tend to forget this fact. In addition, European Companies have generally been more responsive to environmental issues than US Companies'', added Katz, I see this as another opportunity to enhance the growth of IFS. This is beneficial for IFS, DuPont and the distributors. ``Some areas of Europe have mandated to keep Styrofoam® out of landfills and garbage dumps and require EPS to be recycled, EPS sales have been hampered in Europe. Using the IFS ''Styro Solve System``, EPS sales should rise significantly to match or exceed the US market.
The size of the polystyrene market is so vast (approx. 9 billion pounds per year in the U.S. or 2.7 billion dollars) and if the European market meet expectations within the near future this figure should double. This equates to IFS reducing & recycling 360,000,000 lbs. to 900,000,000 lbs. per yr.``
Polystyrene often referred to as Styrofoam® -- a trademark of Dow Chemical (NYSE:DOW - news) is used extensively in school food service items such as food trays, plates, bowls, salad containers, coffee and cold drink containers as well as forks, spoons, etc. Polystyrene is also used in meat packages, fruit and vegetable packaging from supermarket to insulation boards and packaging inserts. ``These items can now be recycled economically using our system and at the same time kept out of the landfills,'' added Katz.
Visit the Company's website at internationalfoamsolutions.com.
The statements made by International Foam Solutions (IFS) may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. IFS believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal process and systems; the ability to attract and retain high-quality employees; changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the company's target markets.
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Contact:
International Foam Solutions, Delray Beach
Harvey Katz, C.E.O., 561/272-6900
or
Sales Information:
Tony Bianco, Marketing Director, 561/272-6900 |
