Industrial Enterprises of America Announces Conference Call to Discuss Fiscal Third Quarter 2006 Results and Consolidation Progress


NEW YORK, May 16, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP), a specialty manufacturer and distributor of automotive aftermarket supplies, announced today that it will host a conference call on Wednesday May 24, 2006, at 10:00 a.m. Eastern Time to discuss Third Quarter 2006 financial results as well as the Company's consolidation progress.

To participate in the conference call, callers should dial 877-407-0782. International callers, please dial: 201-689-8567. The call will be webcast and can be accessed on the website, http://www.investorcalendar.com. A telephone replay of the call will also be available until May 31, 2006, by dialing 877-660-6853 or for international callers 201-612-7415 and entering account number 286 followed by conference ID 203299.

"We look forward to our first quarterly conference call. We fully expect to report our financials within the five day extension, which was necessary due to complications caused by major financings, an acquisition which doubled our size, and a death in the close family of our controller," commented John Mazzuto, Chief Executive Officer of Industrial Enterprises of America.

A replay of the webcast will be available for 180 days after the call on http://www.investorcalendar.com

About Industrial Enterprises of America, Inc.

Industrial Enterprises of America, Inc., Headquartered in New York, NY, is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.



            

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