To: ErnestPoe who wrote (33763 ) 4/23/1999 9:31:00 AM From: LeeR Read Replies (1) | Respond to of 34592
TTRIF could be making a turnaround. (Watch carefully) From : PR NewswireApr 22 1999 1:49PMRe : ISM Holding Corp Finalizes Management Negotiations Between Thermo Tech Ventures, Inc And Thermo Tech Technologies, Inc. Thursday April 22, 02:49 PM Eastern time Company Press Release SOURCE:ISM Holding Corporation ISM Holding Corp Finalizes Management Negotiations Between Thermo Tech Ventures, Inc And Thermo Tech Technologies, Inc. INDIANAPOLIS, IN, April 22 /PRNewswire/ ISM Holding Corp (OTC Bulletin Board: ISMH) announced today that the Company has finalized management negotiations between Thermo Tech Ventures, Inc. and Thermo Tech Technologies, Inc. (OTC Bulletin Board: TTRIF). The result of the negotiations will place Kevin Simpson, President and CEO of Thermo Tech Ventures, Inc. as the new President and CEO of Thermo Tech Technologies, Inc. commencing on May 1st, 1999. Gary Sallee, President of ISM Holding Corp. commented, "The significance of these changes as they relate to ISM will simply expedite the realization of the annual revenue stream to ISM and we look forward to a very profitable future with Thermo Tech Ventures, Inc. and Thermo Tech Technologies, Inc." On February 24th ISM Holding announced that the Company was taking an equity position in the establishment of Thermo Tech(TM) Ventures, Inc., a newly formed partner with Thermo Tech Technologies, Inc. In the announcement it was stated that Thermo Tech Ventures, Inc. expects to build a minimum of four (4) Thermo Master II facilities per year. With ISM Holding Corp's 33 percent revenue ownership in Thermo Tech Ventures, Inc. the result would be additional revenue to ISM Holding Inc. of approximately US 1,200,000 plus an equity position in each Thermo Master II facility built. On March 2nd, 1999 ISM Holding announced that the Company had secured 200,000,000 in Long Term Debt Financing for Thermo Tech Ventures, Inc. to build and operate Thermo Master Mark II plants worldwide. ISM Holding Corporation (ISMH) is a publicly traded company established in 1993. The company's headquarters are located in Indianapolis. ISM is a nationally recognized sports management company specializing in Sports Marketing, Athlete Management and Professional Race Team Management. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results