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ENVIRX INDUSTRIES SIGNS LETTER OF INTENT TO ACQUIRE INLAND PRODUCTS

ENVIRX INDUSTRIES SIGNS LETTER OF INTENT TO ACQUIRE INLAND PRODUCTS
 HOUSTON, July 27 /PRNewswire/ -- ENVIRx Industries, Inc. (NASDAQ: ENVX) announced today that it has signed a letter of intent to acquire Inland Products, a non-hazardous waste disposal company located in Kilgore, Texas.
 Inland Products specializes in the recovery and reclamation of usable products from non-hazardous oil field sludge tank bottoms and crude oil pits. The acquisition is expected to add $2,700,000 in revenues over the next 12 months to the industrial waste division of ENVIRx which includes the sludge disposal operations of G. C. Environmental, Inc. which was acquired in April.
 The acquisition of Inland Products by ENVIRx will principally be through an exchange of stock. The transaction is subject to the board of directors approval of ENVIRx, due diligence, and the execution of a definitive agreement.
 ENVIRx Industries, Inc., which recently announced it was changing its name to TransAmerican Waste Industries, Inc. is engaged in a variety of waste management activities, including the processing and disposal of wastewater sludge, construction of special waste disposal sites, and environmental engineering, consulting and design of water pollution control equipment. As previously announced, ENVIRx is also aggressively pursuing acquisitions in the solid waste management industry.
 -0- 7/27/92
 /CONTACT: Tommy Fatjo, vice president of ENVIRx Industries, 713-956-1212/
 (ENVX) CO: ENVIRx Industries Inc.; Inland Products ST: Texas IN: SU: TNM


SM -- NY068 -- 3496 07/27/92 11:47 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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