IFOS, news, people not familiar with who Hobart is might not realize how big of an announcement this is. Go into any mom and pop store or big grocery store and you will see the name Hobart on the equipment. Walk-in-coolers, freezers, etc. Hobarts also supplies 99% of the items needed in the business, garbage cans, bags, mats, food supplies and containers, etc, they are very big. They send out a color catalog with all supplies plus they service any equipment they sell. Hobarts also finances what they sell, safe to say they have a huge customer base. If IFOS can land a spot in their catalog it will be seen by thousands of business owners like me who are interested in cutting cost of disposal of garbage plus the added bonus the recycling would bring in. I'm small business yet disposal of my garbage cost us between 15 and 20 thousand a year.
Wednesday October 18, 7:46 am Eastern Time Press Release IFS Finalizes Arrangements With Hobart Miami DELRAY BEACH, Fla.--(BUSINESS WIRE)--Oct. 18, 2000--International Foam Solutions, Inc. (OTCBB:IFOS - news) announced today that the Company has finalized arrangements for Hobart Miami to provide service contracts for the Solution Machines in the Miami/Dade area. The Solution machine provides on-site volume reduction for polystyrene waste material. The polystyrene waste is fed into the machine, which shreds the material and sprays it with Styro Solve, IFS's patented, environmentally safe solution. The resulting material, polygel, can then be recycled.
The arrangement with Hobart allows IFS to provide their customers with prompt, professional service and repair technicians. IFS is very pleased to have Hobart provide this service and is confident that their customers will benefit from this team. Hobart has a long-standing reputation in the food service field for reliable, competent service. Hobart has been in business over 100 years and has 240 sales and service locations worldwide. IFS expects to utilize HOBART service abilities as the company expands into other geographical areas.
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.
Visit the Company's website at internationalfoamsolutions.com
-------------------------------------------------------------------------------- Contact: |