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 the passing of its founder and largest shareholder, Harry Kletter. Mr. Kletter was 86 years old. Harry Kletter founded Tri-City Baling Company, the company that eventually became ISA, in the early 1950’s. Mr. Kletter aggressively expanded Tri-City into waste hauling and waste equipment manufacturing, creating a vertically-integrated waste services conglomerate. Tri-City was the first waste services company to go public, which occurred in 1969, after which Mr. Kletter changed the name of the company to Industrial Services of America, Inc. In 2003, Mr. Kletter was inducted into the Environmental Industry Association’s Hall of Fame, which recognizes leaders who have been actively engaged in the waste industry for at least 25 years and whose creative ideas, innovative concepts, and contributions have made a significant difference to the industry as a whole. Orson Oliver, Chairman of ISA’s Board of Directors, made the following statement: “We are extremely saddened by the passing of Harry Kletter. Harry was a strong, larger-than-life character who impacted the lives of everyone connected with ISA. I have enjoyed a professional and personal relationship with Harry for almost 40 years, and will always remember him as a brilliant visionary, entrepreneur and friend. ISA and its extended family will miss him.” Sean Garber, ISA’s President continued, “I am deeply saddened by the news of Harry’s passing. Harry was an important person in my life and was the reason I originally came to Louisville. I will always be thankful to him for that and for the opportunity he gave me to work at ISA. Harry was an important person to all of us and we are very saddened by this news. The entire ISA family extends its deepest condolences to the Kletter family.”
Mr. Kletter became a director of ISA in 1983 and served as the Company’s Chairman and Chief Executive Officer for almost 30 years. In 2012 he relinquished his Chairman title to Orson Oliver, and in May 2013 he resigned as Chief Executive Officer. Although he retired from his board and management positions, Mr. Kletter continued to go into his office at ISA regularly, demonstrating his intense passion for the company he founded and built.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. This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Specific risks include fluctuations in the price of recycled materials, varying demand for waste managing systems, equipment and services, competitive pressures in waste managing systems and equipment, competitive pressures in the waste managing business, and loss of customers. Further information on factors that could affect ISA’s results is detailed in ISA’s filings with the Securities and Exchange Commission. ISA undertakes no obligation to publicly release the results of any revisions to the forward-looking statements.