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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...
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To: Bobby Yellin who wrote (331)3/24/1998 12:38:00 PM
From: D. Katz  Read Replies (1) of 747
 
News release questions and comments

>PACIFICA, Calif.--(BUSINESS WIRE)--March 24,
>.1998--Industrial >Ecosystems Inc. (OTC BB:IECS -
>news) is pleased to announce that it has entered into a joint
> venture to expand its program for
>recovering organic by products for animal feed ingredients.>
>The new joint venture company is called ROP North America and as
>its name implies it has the
>exclusive rights to develop the ROP program in Canada, the
>United States and Mexico. JFJ
>Ecosystems is contributing $2,000,000 USD to ROP North America
>for a 19% stake in the new
>entity's common stock with IECS owning the other 81%.

Are they able to build even one plant for US$2,000,000?

>Initially, JFJ Ecosystems and Industrial Ecosystems will share
> equally in the profits with IECS having an option to
>increase its share of the profits to 81%.

Does anybody know the terms for IECS exercising this option?

>John Crowe is ROP North America's chairman and Fred Rice
>and Walter Kolbe will be the other board
>members. John Crowe stated, ''I have been searching for a
>company to invest both my time and
>money. After months of due diligence I am excited about
>linking up with Industrial Ecosystems. I
>feel the company has tremendous upside and I am looking forward
>to expanding the market for their technology.''

This sounds positive. Is John Crowe part of JFJ Ecosystems?

>Walter Kolbe, IECS's CEO added, ''This is easily the most
> significant event for IECS since we
>signed our contract with Amoco Oil (AN) five years ago. The
>combination of John Crowe's
>experience and IECS technology will create a company that will
>lead us into the next century as
>the front runner in organic by products recovery.''
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