Untitled Document
Tuesday March 13, 9:30 am Eastern Time
Press Release
SOURCE: WoodFuel.com
HOUSTON, March 13 /PRNewswire/ -- WoodFuel.com announced today that it is
working with IFCO Systems (Nasdaq: IFCO - news), the largest wood pallet recycler
and manufacturer in North America, to establish a reliable, cost effective and
environmentally responsible program to manage the Company's wood by-product
stream. The program is designed to reduce the costs associated with the disposal
of wood debris generated as a result of the pallet recycling and manufacturing
process, in an environmentally friendly and sustainable manner. WoodFuel.com
will begin assisting IFCO at its pallet recycling facilities in Houston, Dallas,
San Antonio and McRae, Arkansas in March 2001 and work to establish similar
relationships at its 75 other locations throughout the United States.
WoodFuel.com is a business to business e-commerce company that buys and sells
wood material for renewable, beneficial and alternative energy uses. IFCO Systems
is a global leader in reusable container and pallet systems. Offering a wide
range of reusable systems innovations, transport packaging services and products,
IFCO serves more than 10,000 customers in 17 countries on 4 continents.
Jim Murphy, IFCO's Regional Vice President, stated, ``We're excited about
the opportunities that this performance-based working alliance will provide
both companies. We look forward to working with WoodFuel.com to augment our
ability to manage our stream of wood debris in an environmentally friendly,
safe, and cost effective way. This alliance will allow us to focus on our core
business, reduce one of our largest expense items, and provide a unique program
to our existing and future customers.''
``WoodFuel.com is adding large, individual suppliers of wood material to its
data base daily. The addition of IFCO's numerous material generating sites to
our existing supplier base is a giant step forward in our development of the
North American marketplace. We are determined to add significant value to IFCO's
operation by pursuing the highest and best uses for wood material through our
various value-added product lines. Our success will translate into lower operating
costs and higher customer service at the participating IFCO facilities,'' said
Scott Mactier, a Partner in WoodFuel.com.
``Further, we believe that this program can be successfully implemented for
a broad range of wood-intensive industries including Home Building, Furniture
Manufacturing, Manufactured Housing, Truss Manufacturing, Railroad Tie Manufacturing,
Vegetation Management and other industries that struggle with the disposal of
large quantities of wood by-products.''
For more information contact:
Scott Mactier, WoodFuel.com
281-484-0052, Ext 244
smactier@WoodFuel.com
SOURCE: WoodFuel.com