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

To: pkwknk who wrote (514)	2/4/1998 1:05:00 PM
From: SIer formerly known as Joe B.	Read Replies (2) \| Respond to of 972

IDM Environmental Comments on Recent Stock Price Decline Business Wire - February 04, 1998 12:47 %IDM-ENVIRONMENTAL IDMC %NEW-JERSEY %ENVIRONMENT %ENMED %ENERGY %GOVERNMENT %UTILITIES V%BW P%BW --IDM and its consortium partners have been selected by the German Government to undertake the revitalization and re-industrialization of the Energiewerke Nord site in Lubmin, Germany, and to privatize Energiewerke Nord, GmbH (EWN), the state-owned company established to undertake the decommissioning/waste management work at the site. IDM will have a major ownership of the consortium which recently completed negotiations on an agreement aimed at setting the terms of privatization and the transition to ownership, which is expected to begin in the second quarter of 1998. The German project is expected to generate significant revenues and profits beginning in 1998. --IDM has made substantial progress with financing plans related to its electric-power-generation project in El Salvador. Project financing is anticipated to be completed by the end of the first quarter of 1998. Engineering development and design work is substantially completed and plant construction is scheduled to begin immediately following financial closure. Plant completion is expected within 10-12 months. "We believe the company is in the strongest position it has ever been in to achieve our growth objectives and to help create considerable value for our shareholders," said IDM Board Chairman Frank Falco. The foregoing discussion contains forward looking statements which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income, may differ materially due to risks and uncertainties, including: continued delays in awarding and commencing contracts; delays in payment on contracts due to dealings with governmental and foreign entities; changes in accepted remediation technologies and techniques; fluctuations in operating costs associated with changes in project specifications and general economic conditions; substantial fluctuations in revenues; economics, and other conditions affecting the ability of prospective customers to finance projects; and other risks generally affecting the timing and financing of projects. IDM Environmental Corp. is a world leader in industrial plant relocation and re-erection projects. IDM is also a leading provider of full-service, turnkey, environmental remediation and plant decommissioning services. In addition, IDM brings proprietary technologies in bioremediation and gasification of solid wastes. IDM services private industry, utilities, and government clients worldwide. Additionally, IDM is involved in the purchase and sale of surplus plants and equipment. CONTACT: BGS Associates Inc. Leonard Bogner, 212/593-5323 or 212/689-1214 Headlines Next Story