Heartland Steel, Inc. Receives Line of Credit

MIDDLEBORO, Ky., Feb. 3 /PRNewswire-FirstCall/ -- Heartland, Inc. (OTC Bulletin Board: HTLJD), a diversified company with businesses in steel warehousing and fabrication and petroleum retail and wholesale operations, announced that Heartland Steel, Inc., its wholly owned subsidiary of Heartland Inc., has acquired a line of credit through Commercial Bank.

"To obtain this credit line during these difficult economic times speaks volumes of the credit-worthiness and performance of Heartland Steel and of Heartland, Inc.," said Randy W. Frevert, President of Heartland Steel. "It will help us lay another brick, so to speak, in the foundation of Heartland Steel as we continue to win new contracts and build Heartland Steel into a growing, profitable and sustainable business."  

Terry Lee, Chairman and CEO of Heartland said, "The acquisition of this line of credit is a testament to Mr. Frevert's reputation, knowledge and most importantly, Heartland's Steel's performance. Accordingly, we are currently looking for other opportunities to increase our presence in steel distribution and processing."

About Heartland, Inc.

Heartland, Inc. is a diversified company with businesses in steel warehousing and fabrication and petroleum retail and wholesale operations.  Mound Technologies is a full service structural and miscellaneous steel fabricator located in Springboro, Ohio. Lee Oil Company services and sells over 40 million gallons of petroleum product annually through a combination of retail and wholesale operations.   Heartland Steel, Inc. is a new venture which operates a structural steel service center in Washington Court House, Ohio.

Forward-Looking Statements

Statements contained in this news release, which are not historical facts, are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Amounts herein could vary as a result of market and other factors. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

SOURCE Heartland, Inc.