Metalclad Insulation Corp Announces New Contract With Reliant Energy

Apr 10, 2001, 01:00 ET from Metalclad Insulation Corporation

    ANAHEIM, Calif., April 10 /PRNewswire/ -- Metalclad Insulation Corporation
 (Nasdaq: MTLC) has been awarded an $840,000 contract to perform abatement
 services at five generating stations throughout Southern California for
 Reliant Energy.  The 12-month contract is effective April 1, 2001.
     Robert Rizzo, Metalclad Insulation President, commented,  "We are pleased
 to have been chosen by Reliant energy for this effort.  We look forward to
 partnering with Reliant on this and future work.  This contract boosts the
 backlog for the firm to more than $20 million."
 
     Metalclad Insulation Corporation is a leading supplier of insulation,
 asbestos abatement, and lead abatement services in California, Nevada, and
 Arizona and most recently in Hawaii.  Over the past two years the firm has
 grown in excess of 30 percent annually, is continuing to expand and currently
 has a work force of over 200 personnel.  Metalclad provides its services for
 commercial, industrial and governmental clients.
 
     Statements in this release that are not strictly historical are
 "forward-looking" statements which should be considered subject to the many
 uncertainties that exist in the Company's operations and business environment.
 These uncertainties, which include economic and currency conditions, market
 demand and pricing, competitive and cost factors, and the like, are included
 in this release.
 
 

SOURCE Metalclad Insulation Corporation
    ANAHEIM, Calif., April 10 /PRNewswire/ -- Metalclad Insulation Corporation
 (Nasdaq: MTLC) has been awarded an $840,000 contract to perform abatement
 services at five generating stations throughout Southern California for
 Reliant Energy.  The 12-month contract is effective April 1, 2001.
     Robert Rizzo, Metalclad Insulation President, commented,  "We are pleased
 to have been chosen by Reliant energy for this effort.  We look forward to
 partnering with Reliant on this and future work.  This contract boosts the
 backlog for the firm to more than $20 million."
 
     Metalclad Insulation Corporation is a leading supplier of insulation,
 asbestos abatement, and lead abatement services in California, Nevada, and
 Arizona and most recently in Hawaii.  Over the past two years the firm has
 grown in excess of 30 percent annually, is continuing to expand and currently
 has a work force of over 200 personnel.  Metalclad provides its services for
 commercial, industrial and governmental clients.
 
     Statements in this release that are not strictly historical are
 "forward-looking" statements which should be considered subject to the many
 uncertainties that exist in the Company's operations and business environment.
 These uncertainties, which include economic and currency conditions, market
 demand and pricing, competitive and cost factors, and the like, are included
 in this release.
 
 SOURCE  Metalclad Insulation Corporation