Industrial Enterprises of America Inc.

• Public
• US

Dow Jones Description

The Company was originally incorporated in the State of Florida on June 14, 1990 as Mid-Way Medical Diagnostic Center, Inc. ("Mid-Way (Florida)"). In September of 1996, Mid-Way (Florida) amended its articles of incorporation to increase the authorized number of common shares from 100 to 50,000,000 and to reduce the par value to $.001. Also in September 1996, Mid-Way (Florida) affected a split of its outstanding shares of common stock 10,000-for-one, increasing the number of outstanding shares from 100 to 1,000,000. Mid-Way (Florida) was initially engaged in the business of seeking to establish and operate medical and diagnostic centers. During 1991, Mid-Way (Florida) abandoned its efforts to engage in such business. In September 1997, Mid-Way (Florida) entered into a Stock Purchase Agreement with Mr. David Cohen in which Mid-Way (Florida) agreed to issue 10,000,000 shares of its common stock to Mr. Cohen for $100,000. Mr. Cohen was subsequently appointed the sole officer and director of Mid-Way (Florida). The $100,000 paid to Mid-Way (Florida) in exchange for such shares was used by Mid-Way (Florida) to pay legal expenses and finder's fees in connection with the aforementioned transaction.

President & CEO

Number of Employees 90

Contact Information

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