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Microcap & Penny Stocks : IDMC Waste disposal or just garbage? -- Ignore unavailable to you. Want to Upgrade?


To: SIer formerly known as Joe B. who wrote (334)12/23/1997 4:39:00 PM
From: Sam Golden  Read Replies (1) | Respond to of 972
 
Its a "small" one but here it is:

Reuters, Tuesday, December 23, 1997 at 15:20

SOUTH RIVER, N.J., Dec 23 (Reuters) - IDM Environmental
Corp said Tuesday it received a $8 million contract to clean up
three buildings at the U.S Department of Energy's Oak Ridge,
Tenn., site.
IDM, which is subcontracting for Lockheed Martin Corp
(NYSE:LMT), will provide decontamination, decommissioning, and
asbestos abatement services. The company will start the work
immediately and expected to complete the project in early 1999.
"We believe that the Oak Ridge site is one of the most
important in the DOE complex and that the site will continue to
generate excellent opportunities for D&D and turnkey
remediation projects over the next several years valued in the
billions of dollars," said IDM's chairman, Frank Falco, in a
statement.
The company's stock gained 10/32 to 6-1/32 in Monday
afternoon trading.