Heartland, Inc.(fka HTLJ)

[davidam]

I want to comment on your note about another Acqusition. Its definetly rumored one is in the works 10k certainly backs up that potential
Read the following from the 10k. This will give investors a sense of managements ability to execute an acquisition that is profitable, fit in the current company, has vision for future internal growth

Mission

Our mission is to become a leading diversified company with business interests in well established industries. We plan to successfully grow our revenues by acquiring companies with historically profitable results, strong balance sheets, sustainable cash flows, and solid management teams in place. By providing access to financial markets, expanded marketing opportunities and operating expense efficiencies, we hope to become the facilitator for future growth and higher long-term profits. In the process, we hope to develop new synergies among the acquired companies, which should allow for greater cost effectiveness and efficiencies, thus further enhancing each individual company’s strengths.

Expansion

We intend to continue strengthening our presence within our existing geographic footprint through internal growth and acquisitions of businesses with strong customer relationships and experienced and skilled personnel.

Capital Development

We intend to continue growing our business through selective acquisitions and/or upgrading our existing assets. Our capital investment decisions are determined by an analysis of the projected return on capital employed for each of those alternatives. Acquisitions are evaluated for “fit” within our stated goals and thoroughly reviewed by corporate level personnel before any acquisition is considered. We also evaluate the cost to acquire existing assets from a third party versus the capital required to buy or build new assets.

Based on these factors, we make capital investment decisions that we believe will support our long-term growth strategy and these decisions may involve a combination of asset acquisitions and/or the purchase of assets as deemed necessary.

In 2008, we completed the purchase of two pieces of property in Ohio:

·

25 Mound Park Drive in Springboro, OH – Current operations of Mound Technologies
·

1629 Old US Route 35SE in Washington C.H., OH – Future site of Heartland Steel

Additionally, we completed the acquisition of Lee Oil as of October 1, 2008. This acquisition included property and other fixed assets located in the State of Tennessee, Commonwealth of Kentucky, and the Commonwealth of Virginia.