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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF) -- Ignore unavailable to you. Want to Upgrade?

To: suzy-q who wrote (159)	3/19/1998 1:08:00 AM
From: arizona_ice_tea	Read Replies (1) \| Respond to of 206

nternational Absorbents Inc. - President/CEO of Operating Subsidiary Accepts New Position BELLINGHAM, Wash., March 18 /PRNewswire/ -- International Absorbents Inc. (OTC BB: IABS), a leading manufacturer and marketer of sorbent products made from waste wood fiber, today announced that Geoffrey Lawrence, President and CEO of Absorption Corp., the Company's wholly-owned subsidiary, is leaving the Company to accept an alternative opportunity overseas. ''We appreciate the contributions that Geoff made to Absorption Corp. during his tenure, and we wish him well in his new endeavors,'' remarked Gordon Ellis, President & CEO of International Absorbents Inc. ''He has received an exciting and lucrative offer that the Company is unable to match. Geoff will rejoin the firm he left before coming to Absorption Corp. and become Managing Director of its new German subsidiary. The position also locates him and his family in Europe, something his wife has been campaigning for since they lived abroad in the past. Geoff has done an excellent job of preparing Absorption Corp.'s existing management team to take over his duties and has expressed every confidence that they will continue to improve the Company's fortunes.'' International Absorbents Inc. develops, manufactures and markets patented and proprietary, cost-effective sorbent products derived from recycled, renewable materials. These environmentally safe products outperform conventional products used in a broad range of industrial and consumer applications, including oil and hazardous liquid spill cleanup and control, oil/water filtration, packaging and commercial/retail animal bedding and litter. Further information about International Absorbents is available at www.absorbent.com. NOTE: This press release may contain forward-looking statements with respect to the operations and business of the Company that involve risks and uncertainties. These risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. SOURCE: International Absorbents Inc. More Quotes and News: International Absorbents Inc (OTC BB:IABS - news) Related News Categories: chemicals, environmental, paper/forrest