Industrial Services of America, Inc. announced changes to the corporate governance structure and management of the Company. The board of directors announced that effective immediately, it has reduced the number of members from seven to five, with Harry Kletter, Brian Donaghy and David Russell tendering their resignations at the Company's quarterly board meeting. The Board appointed Jonathan S. Blue, Chairman and Chief Executive Officer of Blue Equity LLC, to fill the vacancy created by Mr. Kletter on the Board.

In addition, Harry Kletter also retired from his position as Chief Executive Officer, and the Board appointed Mr. Blue to replace him in that capacity. Although Mr. Kletter had previously announced his intention to retire as a Board member and as Chief Executive Officer at the company's annual meeting later this year, both Mr. Kletter and the Board acknowledged their satisfaction to date with the performance of Blue Equity pursuant to the management agreement that was announced on April 1, 2013. As a result, Mr. Kletter and the Board determined there was no reason to delay the change in corporate governance and management structure.