Industrial Enterprises of America Announces New CFO

  
    
  
  
    
      Industrial Enterprises of America, Inc. (OTC BB:IEAM.OB), a specialty 
      automotive aftermarket supplier, is pleased to announce that, effective 
      immediately, Dennis O’Neill has joined the 
      company as Chief Financial Officer.
    
    
      Mr. O’Neill has over thirty years of financial 
      and operational experience, beginning his career in public accounting 
      with Wiss & Company and then with Laventhol and Horwath. Dennis has been 
      an independent consultant since 1995, during which time he has, among 
      other accomplishments, led the reorganization and recapitalization of a 
      $350 million auto parts manufacturer and assisted in the successful 
      turnaround and sale of a $600 million steel service center. Prior to 
      this, Mr. O’Neill spent six years with J.B. 
      Poindexter & Company, where he played a leading role in restructuring 
      Leer Manufacturing, Inc., an automotive aftermarket products company, 
      and Morgan Corporation.
    
    
      “Dennis brings a wealth of accounting and 
      financial expertise to Industrial Enterprises,” 
      commented John Mazzuto, Chief Executive Officer. ”His 
      years of experience in leveraged buyouts, corporate restructuring, and 
      financial planning will be invaluable as our company rapidly expands 
      over the coming years. In addition, he has the accounting skills crucial 
      to improving the company’s SEC filings to 
      ensure our financials are reported in a timely, thorough manner. His 
      industrial background and experience in the auto parts arena also 
      positions him as the optimal candidate for this high-level position.”
    
    
      Mr. O’Neill has a CPA and received his 
      Bachelors Degree in Accounting from St. Peter’s 
      College.
    
    
      About Industrial Enterprises of America
    
    
      Industrial Enterprises of America, Inc., headquartered in New York, NY, 
      is an automotive aftermarket supplier that specializes in the sale of 
      anti-freeze, auto fluids, charcoal fluids, and other additives and 
      chemicals. The company has distinct proprietary brands that collectively 
      serve the retail, professional and discount automotive aftermarket 
      channels.