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INNOVATIVE ENVIRONMENTAL SERVICES LTD. ANNOUNCE TRANSENVIRO ACQUISITION APPROVED

 VANCOUVER, March 2 /PRNewswire/ -- Innovative Environmental Services Ltd. (Alberta Stock Exchange: IES) announced today that it has received approval from the Alberta Stock Exchange concerning its acquisition of California-based Transenviro, Inc. IES is acquiring all of the outstanding shares of Transenviro in exchange for 100,000 freely trading shares of IES together with 750,000 shares of IES to be earned on a performance basis.
 Transenviro, a privately held California company incorporated in 1983, is engaged in the business of designing, manufacturing, constructing and servicing batch reactor wastewater treatment plants. The company currently holds Canadian and U.S. patents on the Cyclic Activated Sludge System ( CASS'') of wastewater treatment technology.
 -0- 3/2/93
 /CONTACT: Shannon Squyres of Corporate Relations Group, 714-955-1860/
 (IES)


CO: Innovative Environmental Services, Ltd. ST: British Columbia IN: SU: TNM

TM -- NY006 -- 1807 03/02/93 09:30 EST
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Publication:PR Newswire
Date:Mar 2, 1993
Words:143
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