Message-ID: <32010591.1075859787515.JavaMail.evans@thyme> Date: Thu, 1 Mar 2001 07:05:00 -0800 (PST) From: gail.brownfeld@enron.com To: rex.rogers@enron.com, rob.walls@enron.com, stephen.wallace@enron.com, eric.newell@enron.com, michael.moran@enron.com, rebecca.carter@enron.com, mark.evans@enron.com, mark.haedicke@enron.com, elizabeth.labanowski@enron.com, bruce.lundstrom@enron.com, daniel.rogers@enron.com, john.schwartzenburg@enron.com, marc.manly@enron.com, vicki.sharp@enron.com, john.ale@enron.com, kristina.mordaunt@enron.com, molly.sample@enron.com, janet.place@enron.com, jordan.mintz@enron.com, jim.armogida@enron.com, charles.cheek@enron.com, richard.sanders@enron.com, james.derrick@enron.com Subject: EnSerCo v. Industrial Holdings, Inc. Cc: john.enerson@enron.com, lisa.mellencamp@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: john.enerson@enron.com, lisa.mellencamp@enron.com X-From: Gail Brownfeld X-To: Rex Rogers, Rob Walls, Stephen Wallace, Eric Newell, Michael F Moran, Rebecca Carter, Mark A Evans, Mark E Haedicke, Elizabeth Labanowski, Bruce Lundstrom, Daniel R Rogers, John Schwartzenburg, Marc Manly, Vicki Sharp, John Ale, Kristina Mordaunt, Molly Sample, Janet Place, Jordan Mintz, Jim Armogida, Charles Cheek, Richard B Sanders, James Derrick X-cc: John Enerson, Lisa Mellencamp X-bcc: X-Folder: \Mark_Haedicke_Jun2001\Notes Folders\All documents X-Origin: Haedicke-M X-FileName: mhaedic.nsf EnSerCo plans to file an arbitration demand against Industrial Holdings, Inc. to obtain re-payment of a $15 million promissory note. EnSerCo also plans to make demand against the guarantors of the IHI debt:The Rex Group, Rex Machinery Sales, Inc., Rex Machinery Movers, Inc., U.S. Crating, Inc., First Texas Credit Corporation, Landreth Engineering Company, Pipeline Valve Specialty, Inc., Bolt Manufacturing Co.Inc., LSS-Lone Star Houston, Inc., American Rivet Company, Inc., Manifold Valve Services, Inc., Philform, Inc., GHX Incorporated, Regal Machine Tool, Inc., Whir Acquisition, Inc., Moores Pump and Supply, Inc., GHX Incorporated of Louisiana and Beird Industries, Inc. If you are aware of any reason why an arbitration demand should not be filed against any of these entities, please call me or e-mail me by the end of business on Monday March 5, 2001. If I don't hear from you by then, I will assume that you have no objection to moving forward against these companies. Thanks in advance. GAIL