DESTIN, Fla., April 17, 2007 (PRIME NEWSWIRE) -- Mound Technologies, Inc., a Heartland Inc. (OTCBB:HTLJ) subsidiary, has been awarded contracts for building additions for two large manufacturing companies in Ohio. The fabricated steel for Aida America, Inc. (www.aida-america.com) is scheduled to ship in April. The building addition for F&P America (www.fandp.com) ships this summer. The value of these two contracts combined is in excess of $1,750,000. Mound Technologies, Inc. continues to extend its backlog while building on the success of the last two years' business.
Trent Sommerville, Heartland Inc.'s CEO stated, "We are very excited about the turnaround at the Mound Technologies, Inc. subsidiary. When originally purchased in late 2003, Mound had sales of less than $5 million and was not profitable. Significant restructuring and successful redirection of the remaining employees have produced positive results." Mr. Sommerville also stated, "Heartland is now looking to add additional capacity to the metal fabricating segment of their business. Evaluation of possible acquisitions is now taking place with a focus on Midwestern and southern businesses."
About Heartland
Heartland Inc. (www.Heartlandholdingsinc.com) 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 to organic fertilizers and mulch, to 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.
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