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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: wade brown who wrote (126)	1/26/1998 10:03:00 AM
From: Bugsy	Read Replies (1) \| Respond to of 747

TO ALL It looks like IECS may be gearing up to start constrution of another plant. If everything goes smoothly and they can get another plant in operation relitivly soon there should'nt be a problem getting financing in the future. Talked to Jeff Fri. and he told me that there was approx. 26 mil. shares outstanding.This co. is taking a straight to the point no nonsens aproach re: there news releases.No hype just the facts.Is'nt that refreshing.

To: wade brown who wrote (126)	1/29/1998 9:44:00 AM
From: wade brown	Read Replies (1) \| Respond to of 747

Everyone: Here is the latest news release: Thursday January 29, 7:01 am Eastern Time Company Press Release Industrial Ecosystems Inc. Announces Financing From the Bank of Montreal PACIFICA, Calif.--(BUSINESS WIRE)--Jan. 29, 1998--Industrial Ecosystems, Inc. (IECS)(NASDAQ OTC BB:IECS - news) announced today that the company has received $500,000 Canadian (CAD) in financing through an equal combination of debt and equity. The Bank of Montreal has loaned the company $250,000 CAD towards the upgrade of its Amherstburg ROP (Recovered Organic Products) plant. In addition, the company has closed on a $250,000 CAD private placement of restricted stock. CEO, Walter Kolbe, stated ''This is an important bridge to maintain our momentum until we complete a larger financing over the next few weeks.'' My commments: I can understand the need for bridge financing and it seems to come without alot of dilution, but I did not know the ROP just built needs upgrading anyone else understand this. wade