Heartland, Inc. (OTC Bulletin Board: HTLJ), a diversified company with businesses in steel warehousing and fabrication and petroleum retail and wholesale operations, today announced that Heartland Steel, the company's steel warehousing subsidiary, has received a commitment to purchase steel to be used in a significant public works project in the Mid-West. The value of the new business is approximately $500,000.
"Both infrastructure improvements and new projects present tremendous opportunities for our company," said Randy W. Frevert, President of Heartland Steel. "This order represents only the first phase of construction; and we continue to pursue and bid on other similar projects in our markets."
"I continue to be encouraged by the fast start of Heartland Steel, despite a challenging economic environment," said Terry Lee, Chairman and CEO of Heartland, Inc. "It reflects the fine work of a team of dedicated employees and validates our decision to establish this business and build our facility at a centralized location within a market where there is both the need and the potential for solid growth."