PLYMOUTH, Minn., June 21, 2005 (PRIMEZONE) -- As environmentally conscious green technologies continue to make mainstream market gains, Heartland Holdings Inc. (OTCBB:HTLJ), after recording sales increases for fiscal year 2004 of 1,029 percent, has entered into the production of environmentally sound fertilizer, broadening the company's core technologies.
Heartland's product uses a wide variety of materials in composting and accelerates material composition -- to result in a significant cut in time. Advanced monitoring and systems regulation technology enables the industrial manufacture of fertilizer, from common sources of waste, in a timely and cost-effective manner. Heartland's composting process eliminates wastes that would otherwise fill landfills and could minimize the use of dangerous, toxic chemicals for fertilizer manufacturing that is currently the norm.
"The growth strategy employed fiscal 2004 is continued into 2005 -- Heartland is expanding into new, diversified areas that support the company's core segments. With the adoption of this new fertilizer, we address a fundamental need for safe and user-friendly green fertilizers in the farming and home gardening industries while at the same time doing our part to protect the environment," Heartland CEO Trent Sommerville said.
Heartland internal operations is working to more closely integrate existing subsidiaries and increase the competitiveness of each division.
Effective operations between the Evans Columbus Corporation, which manufactures up to 500,000 55-gallon steel drums per year, and Mound Technologies subsidiaries creates stronger purchasing positioning of the companies for raw steel materials requirement of 12,000 tons, lowering costs due to the new economies of scale.
"We are building on 2004's substantial growth in 2005 by pursuing acquisitions of profitable companies with long-term growth projections and top management teams," Sommerville said.
About Heartland Inc.
Heartland Inc. is a growing diversified holding company comprised of subsidiaries within several different and distinct industry segments. From heavy machining and fabricated steel products to specialized machinery, commercial construction and builders of new homes, Heartland Inc. is developing broad product and service offerings to provide economic protection and growth opportunities for investors.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding any potential sales of products as well as statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Heartland Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Heartland's annual report on Form 10-K for the fiscal year ended December 31, 2003 and any subsequent reports filed with the Securities and Exchange Commission under the Exchange Act. This press release speaks as of the date first set forth above and Heartland assumes no responsibility to update the information included herein for events occurring after the date hereof.
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