Industrial Services of America, Inc. (ISA) (NASDAQ: IDSA) announces its
continuing expansion in the Grade Lane area with the purchase of the
former Allied System truck terminal. The 20,182 square foot facility
sits on 4.4 acres of asphalted parking area. Located in the Renaissance
Zone, the property will be occupied by ISA Logistics and Waste Equipment
Sales and Service Company (WESSCO), relocating from the main Louisville
location, creating room for shredder and related maintenance equipment.
ISA is committed, with the City of Louisville, to the continued growth
and development of the Renaissance Zone, and with a related party, owns
almost 60 acres of mixed use land and buildings within the Zone.
ISA will be widening Grade Lane to three lanes along its property,
allowing traffic to move more freely and safely. The road improvements
will accommodate the growth of ISA from the $10 million shredder project
due to be completed by the end of December, 2008. The shredder will
shred ferrous and non ferrous scrap for domestic and international
consumers. The shredder can also be used for a disaster plan by handling
materials prior to landfill disposal and recycling purposes.
ISA's new geographical expansion includes two recycling facilities in
New Albany and Seymour, Indiana. “ISA is
always looking for strategic expansion locations to feed our new
shredder and main Louisville operation,” said
Brian Donaghy, President. “The new premier
property purchase on Grade Lane and the widening will be great for our
growth from the new shredder.”
About ISA
Headquartered in Louisville, Kentucky, Industrial Services of America,
Inc. is a publicly traded company whose core business is buying,
processing and marketing scrap metals and recyclable materials for
domestic users and export markets. Additionally, the company offers
commercial, industrial and business customers a variety of programs and
equipment to efficiently manage waste. More information about ISA is
available at www.isa-inc.com.
This news release contains forward-looking statements that involve risks
and uncertainties that could cause actual results to differ from
predicted results. Specific risks include varying demand for waste
managing systems, equipment and services, competitive pressures in the
waste managing systems and equipment, competitive pressures in the waste
managing business, loss of customers and fluctuations in the price of
recycled materials. Further information on factors that could affect the
Company's results is detailed in the Company's filings with the
Securities and Exchange Commission. The Company undertakes no obligation
to publicly release the results of any revisions to the forward-looking
statements.
Industrial Services of America, Inc.
Ron Kletter,
502-366-3452
rkletter@isa-inc.com
or
Alan
Schroering, 502-366-3452
aschroering@isa-inc.com
http://www.isa-inc.com/
