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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: Bobby Yellin who wrote (420)	4/29/1998 9:26:00 AM
From: Gary S.	Respond to of 747

To All: the bad (reverse) with the good (news release ) Good release should be an interesting day !! Wednesday April 29, 7:01 am Eastern Time Company Press Release Industrial Ecosystems Inc. Expanding Cleanup Operations Into Canada PACIFICA, Calif.--(BUSINESS WIRE)--April 29, 1998-- Industrial Ecosystems Inc. (NASDAQ:IECS - news; OTC:IECS - news) announced today that it is expanding its operation into Canada utilizing its award winning clean up technology. CEO Walter Kolbe stated, ''We are in various stages of discussions with a major oil company and owners of contaminated properties to perform work. We are bidding on a large project now and anticipate creating a joint venture company to clean and develop contaminated properties. Our operation will initially be concentrated in southern Ontario.'' The Company's expansion plan for clean up activities is fourfold; (1) Expand work with Amoco Oil. (2) Expand services to other oil companies (eg. Shell Western) where logistics create the opportunity to increase revenues without a corresponding increase in overhead. (3) Create a joint venture(s) to develop contaminated properties. (4) Target Department of Defense work in the San Francisco Bay Area (estimated clean up work at closed Bay Area bases is $1.5 billion) IECS' technology has been featured in two major trade magazines, the Oil & Gas Journal and Civil Engineering. ''This is bioremediation at its best; fast, effective, and cost efficient'' - Civil Engineering ''(Industrial Ecosystems Inc.'s) natural and augmented bioremediation provides safe, environmental, fast and effective solutions for removing hydrocarbon stains from soil'' - Oil & Gas Journal -------------------------------------------------------------------------------- Contact: Industrial Ecosystems Inc. Jeff Feld, 888/582-3810 -------------------------------------------------------------------------------- More Quotes and News: Industrial Ecosystems Inc (OTC BB:IECS - news) Related News Categories: aerospace/defense, environmental, oil/energy -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?