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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... -- Ignore unavailable to you. Want to Upgrade?

To: Bugsy who wrote (704)	6/24/1999 9:38:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 747

Bugsy, Morgy---NEWS!! >>(BSNS WIRE) Industrial Ecosystems, Inc. Commences a Soil Remediation Dem Industrial Ecosystems, Inc. Commences a Soil Remediation Demonstration for the U.S. Department of Defense Business Editors/Environment Writers PACIFICA, Calif.--(BUSINESS WIRE)--June 24, 1999--Industrial Ecosystems, Inc. (OTC BB:IECS) announced that it commenced last week a bio-remediation demonstration for the U.S. Department of Defense at the U.S. Navy's Pointe Molate Fuel Depot in Richmond, Calif. The demonstration is being sponsored by the Bay Area Defense Conversion Action Team (BADCAT), a public private partnership of the Bay Area Economic Forum (BAEF), the Bay Area Regional Technology Alliance (BARTA), the California Environmental Protection Agency (CAL EPA), Chevron Research and Technology Company, Engineering Field Activity West, Naval Facilities Engineering Command (EFA West), Naval Facilities Engineering Service Center (NFESC), San Francisco State University Center for Public Environmental Oversight (CPEO) and the U.S. Environmental Protection Agency (US EPA). The primary objective of the demonstration is to reduce current total petroleum hydrocarbon levels of approximately 50,000 parts per million to a level of under 1,000 parts per million within the five months. Tom Jarnagin, the company's president, stated, "We are excited about the opportunity that BADCAT and the U.S. Navy has given us to establish the technical, economic and environmental efficacy of the our bio-conversion process." The company's proprietary bio-conversion process incorporates environmentally safe microbes that clean soil that has been heavily contaminated with hydrocarbons. The U.S. Navy, Tetra Tech, Inc. (Nasdaq:WATR) and others should be able to fully evaluate the results of the demonstration by the middle of the fourth quarter. Tetra Tech is responsible for determining the nature and extent of contamination on many Military bases throughout the United States and for recommending cleanup methodologies, such as the company's. Should the evaluation be favorable, given certain site characteristics, the company's bio-conversion process could become an acceptable alternative method for reducing hydrocarbon contamination in soil on Military bases that have been targeted for hydrocarbon remediation. Jarnagin went on to add, "Needless to say, we are confident that our bio-conversion process will prove to be as effective for the U.S. Navy as it has been for Amoco (British Petroleum -- Amoco (NYSE:BPA)). Amoco has been a customer of the company for over five years. Special Note Regarding Forward-looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this letter that are not historical facts are hereby identified as "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act. Such forward-looking statements should, therefore, be considered in light of various factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements, if applicable. Words such as "estimate," "project," "plan," "intend," "expect," "believe," and similar expressions are intended to identify forward-looking statements. The company's stockholders are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. --30--mr/sf* dl/sf CONTACT: Industrial Ecosystems Inc., Pacifica Michael Hermosa, 650/355-5968<< This is the demo that the former management told us about, but never completed. YES! What is competent management really worth, folks?? Rick