Industrial Services of America, Inc. (NASDAQ: IDSA), a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities for domestic users and export markets and offers programs and equipment to help businesses manage waste, today announced that Mr. Orson Oliver has been elected Chairman of its board of directors. Mr. Oliver, 69, has been a director of ISA since 2005. He is currently an independent business consultant with over thirty-five years of experience in banking and financial consulting. Mr. Oliver began his career in 1968 as an attorney with the U.S. Treasury Department in Washington, D.C. In September of 1975, he joined Bank of Louisville as general counsel. In November of 1985, he became President of the Bank of Louisville. During his tenure, the Bank of Louisville became the largest, locally managed bank in Louisville, Kentucky. Since his retirement from banking in February of 2004, Mr. Oliver has worked as an independent general business consultant for the Al J. Schneider Company, a corporation with a number of large hotels and real estate holdings in the Louisville, Kentucky area. Since May 2004, Mr. Oliver has also worked as an independent general business consultant for PNC Bank. Mr. Oliver has been a member of the board of directors of The Rawlings Company, LLC since January 1997 and the Al J. Schneider Company since February 2004. Harry Kletter, ISA’s founder and CEO, was elected Vice Chairman of the board of directors. Mr. Kletter has been a director of ISA since 1983. “I am pleased that Orson has agreed to serve as chairman of our board,” stated Mr. Kletter. “He has demonstrated experience and expertise as an executive and board member at a number of organizations over the course of his career. We value his judgment and look forward to his leadership of our board.”
Stated Mr. Oliver: “I would like to thank Harry for his vote of confidence as I assume the leadership of the board at ISA. Clearly, I will have large shoes to fill, as Harry’s sixty years of experience in the scrap and waste businesses are virtually unparalleled. I am grateful that Harry has agreed to be the Vice Chairman of the board, and I look forwarding to leading ISA in the years to come.”ISA is also pleased to announce that Alan Gildenberg, 54, has been elected as a member of its board of directors. Mr. Gildenberg has over 30 years of experience in the financial industry as an investment advisor and also an independent floor trader at the Chicago Mercantile Exchange. He holds a B.B.A. from the University of Michigan’s School of Business Administration. ISA’s SEC filings are available for review at the Securities and Exchange Commission web site at http://www.sec.gov/edgar/searchedgar/companysearch.html. About ISA Headquartered in Louisville, Kentucky, Industrial Services of America, Inc., is a publicly traded company whose core business is buying, processing and marketing scrap metals and recyclable materials for domestic users and export markets. Additionally, ISA offers commercial, industrial and business customers a variety of programs and equipment to manage waste. More information about ISA is available at www.isa-inc.com. Key words: recycling, scrap, ferrous, non-ferrous materials, waste management, international markets, global markets.