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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3/A No. 2
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person: John P. Crowe,
1015 West 54th Street, Kansas City, MO 64112
2. Date of Event Requiring Statement (Month/Date/Year): 06/30/1999
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol:
INDUSTRIAL ECOSYSTEMS, INC.(IECS)
5. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
( ) Director ( ) Officer, give title below (X) 10% Owner ( ) Other
Title: Owner
6. If Amendment, Date of Original (Month/Day/Year): 7/16/99
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
<C> <C> <C> <C>
1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Direct(D)or Indirect Beneficial
Security Beneficially Owned Indirect(I) Ownership
-------- ------------------ --------------- -------------------
Common Stock 2,751,889 D N/A
Common Stock 833,333 I Shares held of record by Four C's
Development, LLC, an entity controlled
by John P. Crowe
</TABLE>
TABLE II - Derivative Securities Beneficially Owned
1. Title of Derivative Security:
Options
Rights Agreement
2. Date Exercisable (Month/Day/Year):
Options: 1/4/98
Rights Agreement: January 1, 1999
Expiration Date(Month/Day/Year):
Options: 1/4/04
Rights Agreement: December 31, 2000
3. Title and Amount of Securities Underlying Derivative Security (Amount of
Number of shares):
Options: 2,065,906 shares of common stock
Rights Agreement: 16,798,452 shares of common stock
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4. Conversion or Exercise Price of Derivative Security:
Options: $0.225 per share
Rights Agreement: Cancellation of $750,000 line-of-credit, including
accrued interest through date of exercise of rights
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
Options: (I)
Rights Agreement: (I)
6. Nature of Indirect Beneficial Ownership:
Options: May be issued pursuant to a Joint Venture Agreement to JFJ
Ecosystems, LLC, an entity controlled by John P. Crowe
Rights Agreement: May be issued pursuant to a Joint Venture Agreement to
JFJ Ecosystems, LLC, an entity controlled by John P. Crowe
Explanation of Responses: Industrial Ecosystems, Inc., entered into a Rights
Agreement with JFJ Ecosystems, LLC, which includes provisions for the issuance
of shares and options to JFJ Ecosystems, LLC, in exchange for the membership
interest of JFJ Ecosystems, LLC, in the joint venture. Details of the Rights
Agreement are included in the Industrial Ecosystems, Inc., Form 10SB, as
amended, which is available on the EDGAR website.
Signature of Reporting Person: /s/John P. Crowe
Date: 12/6/99
