More news.....no volume, no price appreciation, seems like we might have some expensive wall paper on our hands???
PACIFICA, CALIF. (Jan. 15) BUSINESS WIRE -Jan. 15, 1997--Industrial
Ecosystems Inc. (IEI) announced today that it will build and operate a
Recovered Organic Products (ROP) Plant in Amherstburg, Ontario, Canada.
The Plant is being funded by the Bank of Nova Scotia who has stipulated
that it has first right of refusal to fund all future plants in Canada.
It has been estimated by the Canadian government that there is a need
for over two hundred (200) ROP Plants across Canada.
The Company also announced that it has executed a Letter of Intent with
Browning Ferris Industries (BFI) to provide food waste recycling
services.
BFI is the second largest solid waste management company in North
America with annual revenues in excess of $6 billion.
IEIs CEO, Walter Kolbe, stated "The Amherstburg Plant should be at 50%
capacity its first day because of BFI. We expect that operations will
commence during May of this year. The implications are extraordinary
for IEI because of the amount of waste BFI handles, and the potential
funding of other plants by a substantial bank."
--30--lmm/sf eh
CONTACT: TST Inc.
Charles Ehnot or Michele Ruby, 800/409-1244
Pat Vitucci, 609/296-9219
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENVIRONMENT ENMED REPEATS: New York 212-752-9600 or
800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
* * * * * * * * * *PACIFICA, CALIF. (Jan. 15) BUSINESS WIRE -Jan. 15, 1997--Industrial
Ecosystems Inc. (IEI) announced today that it will build and operate a
Recovered Organic Products (ROP) Plant in Amherstburg, Ontario, Canada.
The Plant is being funded by the Bank of Nova Scotia who has stipulated
that it has first right of refusal to fund all future plants in Canada.
It has been estimated by the Canadian government that there is a need
for over two hundred (200) ROP Plants across Canada.
The Company also announced that it has executed a Letter of Intent with
Browning Ferris Industries (BFI) to provide food waste recycling
services.
BFI is the second largest solid waste management company in North
America with annual revenues in excess of $6 billion.
IEIs CEO, Walter Kolbe, stated "The Amherstburg Plant should be at 50%
capacity its first day because of BFI. We expect that operations will
commence during May of this year. The implications are extraordinary
for IEI because of the amount of waste BFI handles, and the potential
funding of other plants by a substantial bank."
--30--lmm/sf eh
CONTACT: TST Inc.
Charles Ehnot or Michele Ruby, 800/409-1244
Pat Vitucci, 609/296-9219
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENVIRONMENT ENMED REPEATS: New York 212-752-9600 or
800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
* * * * * * * * * * |
