Heartland, Inc. (HTLJ) is becoming a leading diversified company with business interests in well established industries. HTLJ plans to successfully grow revenues by acquiring companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

To date, Heartland has completed acquisitions in the steel fabrication, residential and commercial construction, and steel drum manufacturing industries. Additionally, Heartland has identified acquisition opportunities in gasoline distribution, lumber manufacturing, and equipment distribution.

Heartland, Inc. finished the third quarter with a return to profitability. Quarterly net income was $55,518. Profitability was a result of good performance at the Mound Technologies, Inc. subsidiary along with a reduction in quarterly corporate overhead expenses.

Future prospects are encouraging with improved backlog at the existing subsidiary and opportunities to complete the agreement already in place with Harris Oil. Mound Technologies, Inc., a Heartland subsidiary, has seen sales grow from $7,386,678 with an income of $112,448 in 2004 to a projected $13,500,000 with a net income of over $1.2 million in 2007. Mound presently has a backlog approaching $7.5 million with good margins and is negotiating contracts for work well into 2008.

According to sales forecasts provided by the American Institute of Steel Construction, improved market conditions for Mound’s products will prevail for the next few years. This fact along with the lean management and manufacturing practices established at the company over the last three years will continue to produce positive results.

Recent Highlights:

• 
  On 12/11/2007 Mound Technologies, Inc., a wholly owned subsidiary of Heartland, Inc., was selected by C. R. Meyer of Oshkosh, Wisconsin to Provide Fabricated Structural Steel for a building addition onto the Appleton Paper factory in West Carrolton, Ohio. This project will require in excess of 1000 tons of fabricated steel plus metal deck. Erection of steel is to start in February of 2008 with completion by May. The value of this contract is in excess of $2.5 million US.
• On 11/14/2007 Mound Technologies, Inc. announces over $2,000,000 in new orders in October. The projects sold include a good mix of fabricated structural and miscellaneous steel work for industrial and institutional customers.
• On 11/06/2007 Heartland, Inc. signed a letter of intent to acquire Harris Oil Company. Harris Oil is a company located in central Tennessee that had sales in excess of $99 million in 2006. Harris Oil meets the criteria established by Heartland’s Board of Directors to pursue acquisitions that have a history of good cash flow in retail and light manufacturing that are located in the central part of the United States. This acquisition will positively impact Heartland’s bottom line immediately upon completion.
• On 9/20/2007 Mound Technologies, Inc. Awarded Two Contracts for fabricated steel, joist and deck for the Little Miami School District in southwestern Ohio. The revenue from the contracts is expected to be approximately $2.3 million.