Thursday February 12, 12:41 pm Eastern Time
Company Press Release
IDM Enters Into Stock Lock-Up Agreement With
Shareholders
SOUTH RIVER, N.J.--(BUSINESS WIRE)--Feb. 12, 1998--IDM Environmental Corp.
(NASDAQ:IDMC - news; NASDAQ:IDMCW - news) today announced it has reached an
agreement with a substantial number of participants in a recent registration statement filed by the
company.
Under terms of this agreement, the participants have locked up their shares for the next six months.
''We are pleased that these shareholders have, through this agreement, expressed their support of
the Company and belief that IDM has strong growth prospects,'' said IDM Board Chairman Frank
Falco.
IDM Environmental Corp. is a world leader in industrial plant relocation and re-erection projects.
IDM is also a leading provider of full-service, turnkey, environmental remediation and plant
decommissioning services. In addition, IDM brings proprietary technologies in bioremediation and
gasification of solid wastes. IDM services private industry, utilities, and government clients
worldwide. Additionally, IDM is involved in the purchase and sale of surplus plants and equipment.
Contact:
BGS Associates Inc.
Leonard Bogner, 212/593-5323 or 212/689-1214
More Quotes and News:
IDM Environmental Corp (Nasdaq:IDMCW - news;
Nasdaq:IDMC - news)
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