ICC TECHNOLOGIES TELLS ANALYSTS AT CONFERENCE 'COMPANY WILL BE PROFITABLE FOR FIRST TIME IN 1994'
NEW YORK, June 10 /PRNewswire/ -- ICC Technologies, Inc. (NASDAQ: ICGN) "will be profitable in 1994, the first time since its founding, based on sales of the company's proprietary Desi/Air and Desert Cool air conditioning units which completely eliminate CFCs, work without a compressor, reduce energy costs by approximately 90 percent and improve indoor air quality by inducting three times as much fresh air as a comparable size traditional air conditioning unit," Irwin Gross, chairman and CEO, told money managers and analysts attending the Westergaard Environment 2000 Conference held here today. Mr. Gross noted that "successful beta site tests of the Desi/Air unit at military commissaries, supermarkets and other large structures have elicited strong interest from prospective buyers and distributors, and our new manufacturing plant will officially open for production later in June, with our earliest shipments starting this summer." Mr. Gross announced strategic marketing alliances with five independent Trane dealers on the East Coast, "increasing our distribution network to 15 dealers covering the eastern seaboard, from New England to Florida, plus selected Midwestern markets. We are now reviewing potential distributors in other regions of the country with the goal of establishing national representation in 1994." ICC Technologies is a leading developer of air conditioning and climate control systems for supermarkets, department stores and other commercial and industrial buildings. -0- 6/10/93 /CONTACT: Irwin Gross, chairman and CEO, at the Waldorf Astoria, Suite 14H, 212-355-3000, or Albert Resnick, director, 215-625-0700, both of ICC Technologies/ (ICGN)
CO: ICC Technologies, Inc. ST: Pennsylvania IN: SU:
WB-PS -- NY055 -- 0665 06/10/93 13:20 EST
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|Date:||Jun 10, 1993|
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