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To: justmickey who wrote (70434)	11/8/2000 7:39:34 AM
From: StocksDATsoar	Respond to of 150070

otcnn.com IFS Takes Polystyrene Recycling System to Norway By Peter Lim Published by OTCNN.com 11/06/2000 09:26 AM EST International Foam Solutions, Inc. (IFS) (OTCBB: IFOS) is finalizing an agreement with Arcon AS, a distributor of raw materials to the Norwegian industry, to represent IFS and be the exclusive distributor in Norway for IFS and sell IFS’s polystyrene recycling system, Styro Solve and Solution Machine. The dollar value of the contract was not disclosed. Styro Solve is a chemical solution while the Solution Machine is a device, of various sizes, that facilitates the process of recycling polystyrene. Recycled polystyrene can be used in the manufacture of products ranging from videocassettes, cameras, plastic razor handles, chemical pencils and computer cases. After engaging in research and development for seven to eight years, IFS only recently took its product to market. The pending Norwegian deal is IFS’s second foray into a foreign market; Japan is its first. “Being quite honest, the European base and the European countries have stronger regulations on recycling than the US,” IFS CEO, Harvey Katz told OTCNN. “And because of the strong regulations and the strong requirements that they have on recycling, this turns out to be a very good mix for IFS and distributors like Arcon.” According to IFS, there are 17-19 million fish boxes being produced in Norway and over 1,000 metric tons of polystyrene used in making yogurt containers alone. Headquartered in Delray Beach, FL, IFS hopes the Norwegian deal represents the first in a series of European companies to enter into contracts with the company and that the deal will trigger a domino effect. Katz is currently involved in definitive discussions with companies in Denmark, Finland and Sweden, formalizing negotiations with companies in Germany and Italy and engaged ongoing negotiations with companies in England, France and Belgium. “The Scandinavian market is a very, very strong market at this time,” Katz said. “On my last trip I discovered that (among) all of the European countries, the first environmental ideas, concepts and projects seem to start up in the Scandinavian countries, then go to Germany and Italy and then they come into France, Belgium and England.” On the domestic front, IFS’s recycling system, despite only recently hitting the market, has already been well received by a handful of entities, Katz said. Among its American clients are the Albany and Bakersfield school districts and the City of Los Angeles Power and Water Department, he added. Established in 1993, IFS has been a public traded company since Sept. 1997. Now that the company has completed its R&D and is in “full force marketing,” Katz expects a better performance of its stock and an imminent departure from the OTCBB. The stock closed at $0.20 on Friday, up 11 percent, after trading 141,700 shares. Disclaimer OTC News Network is an unbiased, objective news source focusing exclusively on OTC Bulletin Board companies. We do NOT publish any paid editorial content. In addition, OTC News Network does NOT own any stock in any OTC Bulletin Board companies. None of the shareholders, officers and affiliated entities owns any stock in the companies mentioned in this article. This ensures that OTCNN can make its editorial decisions objectively. Companies included in the news stories have NOT paid a fee or any other form of compensation for their appearance.