Industrial Ecosystems Inc. Doubles Production Capacity with the Addition of Ontario Facility.PACIFICA, Calif.--(BUSINESS WIRE)--June 22, 1998--Industrial Ecosystems Inc. (IECS IECS Improved Environmental Clothing System (Canadian forces) IECS Integrated Environmental Control System IECS Intelligent Enterprise Control System ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :IECS) announced today that they have leased a new soil treatment facility from prominent Ontario developer William Docherty, allowing them to increase capacity two-fold. In a remarkable display of confidence, Mr. Docherty, Director of A&D Holdings, has decided to take lease payments in the form of a small percentage of IECS's on-site revenue. The ten acre remediation facility is slated to begin operations next week. The location of the new property -- in the town of Windsor, Canada, just across the river from Detroit -- gives the company a whole new range of clients from Chrysler to Heinz. Equally propitious pro·pi·tious adj. 1. Presenting favorable circumstances; auspicious. See Synonyms at favorable. 2. Kindly; gracious. [Middle English propicius, from Old French is the company's alliance with Mr. Docherty, one of the areas's largest developers. Providing entree into the distressed real estate market, Mr. Docherty will work closely with IECS to create a brisk business in an area with virtually no competition. "It's a great fit," said Walter Kolbe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "Not only does this allow us the capacity to take on more work with virtually no upfront expense, it also allows us to penetrate more lucrative industries." Previously, IECS has serviced clients like Amoco, Shell and other oil industry leaders from its treatment facility in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). which is capable of generating between two and three million dollars per year. CONTACT: Industrial Ecosystems Inc. Jeff Feld, 888/582-3810 |
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