EXHIBIT 99.1 AGREEMENT, dated as of July 25, 1997, by and among Insituform Technologies, Inc., a Delaware corporation (the "Company"); Jerome Kalishman ("Mr. Kalishman"), Nancy F. Kalishman ("Mrs. Kalishman"), The Jerome and Nancy Kalishman Family...Shareholder Agreement • August 7th, 1997 • Insituform Technologies Inc • Water, sewer, pipeline, comm & power line construction • Delaware
EXHIBIT 99.2 FOR IMMEDIATE RELEASE --------------------- INSITUFORM AND KALISHMAN GROUP SIGN DEFINITIVE AGREEMENT REGARDING COMPOSITION OF COMPANY'S BOARD -------------------------------------------------------- St. Louis, Missouri -- July 25, 1997 --...Board Composition Agreement • August 7th, 1997 • Insituform Technologies Inc • Water, sewer, pipeline, comm & power line construction
St. Louis, Missouri -- July 25, 1997 -- Insituform Technologies, Inc. (NASDAQ-NMS:INSUA) and a group led by two directors, Jerome Kalishman and Robert Affholder, jointly announced today that they have signed a definitive agreement to settle a dispute over the composition of the Company's Board of Directors. The parties have agreed to take the following actions:
