| | Business Summary | | Industrial
Ecosystems,
Inc.
(IEI)
operates
through
its
wholly
owned
subsidiary,
Environmental
Protection
Company
(EPC),
which,
among
other
things,
utilizes
a
bioremediation
process
to
reclaim
contaminated
soil.
A
majority
of
IEI's
excavating
and
soil
remediation
jobs
are
done
on
sites
owned
and
operated
by
BP-Amoco,
in
and
around
Durango,
Colorado,
and
the
Farmington,
New
Mexico,
area.
At
the
customers'
direction,
the
contaminated
soil
is
excavated
and
transported
from
the
BP-Amoco
site
to
a
10-acre
parcel
of
land
located
five
miles
from
Farmington,
New
Mexico,
or
to
the
Durango
site.
The
Farmington
parcel,
which
is
owned
and
operated
by
EPC,
is
permitted
to
receive
and
bio-convert
hydrocarbon
impacted
soils.
The
Durango
site
is
owned
by
BP-Amoco
and
operated
by
EPC.
EPC's
agreement
with
BP-Amoco
allows
for
the
bioremediation
of
only
BP-Amoco
soil
on
the
EPC
parcel.
In
2000,
approximately
2%
of
the
BP-Amoco
remediation
jobs
were
performed
on
site
by
treatment
of
contaminated
soil. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Industrial
Ecosystems
operates
a
wholly
owned
subsidiary,
Environmental
Protection
Company
(EPC),
which
utilizes
a
bioremediation
process
to
reclaim
contaminated
soil.
For
the
three
months
ended
3/31/01,
revenues
totalled
$305
thousand,
up
from
$128
thousand.
Net
income
totalled
$29
thousand
vs.
a
loss
of
$238
thousand.
Results
reflect
additional
remediation
revenues
from
Amoco.
Earnings
reflect
management's
efforts
to
control
operating
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Tom Jarnagin, 57
Pres,
Director | $37K | Joseph Knox, 38
VP | -- | | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/i/iecs.ob.gif)