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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: MicroKing who wrote (668)	12/16/1998 10:12:00 AM
From: Rob C.	Read Replies (2) \| Respond to of 747

Thanks for the heads up, my guess is that they are going broke, here is the old release... PACIFICA, Calif.--(BUSINESS WIRE)--March 24, 1998--Industrial Ecosystems Inc. (OTC BB:IECS.O) is pleased to announce that it has entered into a joint venture to expand its program for recovering organic by products for animal feed ingredients. The new joint venture company is called ROP North America and as its name implies it has the exclusive rights to develop the ROP program in Canada, the United States and Mexico. JFJ Ecosystems is contributing $2,000,000 USD to ROP North America for a 19% stake in the new entity's common stock with IECS owning the other 81%. Initially, JFJ Ecosystems and Industrial Ecosystems will share equally in the profits with IECS having an option to increase its share of the profits to 81%. John Crowe is ROP North America's chairman and Fred Rice and Walter Kolbe will be the other board members. John Crowe stated, "I have been searching for a company to invest both my time and money. After months of due diligence I am excited about linking up with Industrial Ecosystems. I feel the company has tremendous upside and I am looking forward to expanding the market for their technology." Walter Kolbe, IECS's CEO added, "This is easily the most significant event for IECS since we signed our contract with Amoco Oil (AN) five years ago. The combination of John Crowe's experience and IECS technology will create a company that will lead us into the next century as the front runner in organic by products recovery." --30--smm/sf* azs/sf CONTACT: Industrial Ecosystems Inc. Jeff Feld, 888/582-3810 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENVIRONMENT ENMED FOODS/BEVERAGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire