EXHIBIT 99

                                  RISK FACTORS

CURRENT   PROFITABLE   PERIODS  MAY  NOT  INDICATE  PERMANENT  TREND.  HERC  had
substantial  losses from  continuing  operations for each fiscal year from 1994,
the year it went public, until 1998. HERC reported an operating loss for both of
the years ended December 31, 1998 and December 31, 1999.  Although HERC believes
that the  revenues  will  continue to grow and it will operate  profitably  on a
current  basis,  it is possible  that HERC will not be profitable in the future.
The  current  trend of  profit  should  not be taken as an  assurance  of future
profitable periods.

HERC MAY NEED FINANCING IN THE FUTURE AND DOES NOT HAVE ANY COMMITTED SOURCES OF
FINANCING.  If HERC is not  profitable  in the future for an extended  period of
time, it will require additional  financing to cover operating  expenses.  Also,
any major capital expenditures might require capital from independent  financing
sources.  HERC does not have any accumulated retained earnings to fund cash flow
deficits  and  significant  capital  requirements.   Other  than  its  factoring
arrangement,  HERC does not have any specifically  identified sources for future
financing requirements.

THE CURRENT DEPENDENCE ON ONE SIGNIFICANT CUSTOMER HAS THE POTENTIAL FOR ADVERSE
FINANCIAL  RESULTS.  During the most recent fiscal year,  the United States Navy
accounted for approximately 70 % of the HERC revenues. The loss of a substantial
portion or all of the  business  from this  customer  will  result in a material
adverse  effect on the revenues and profits of HERC.  If the United  States Navy
cuts back or stops using HERC,  the sales staff may not be able to replace  this
customer in a timely enough fashion for HERC to continue operations.

POTENTIAL COMPETITION EXISTS FOR CUSTOMERS IN THE MARINE BUSINESS. HERC believes
that there are no  substantial  capital  requirements  for or other  barriers to
entry into the  chemical  cleaning  of pipe  systems  for the  marine  industry.
Therefore, there is potential competition from entities that elect to enter into
this industry. As with any competition, there may be an adverse effect on market
share and current margins of HERC.

THE LACK OF  PATENTS  MAY LIMIT  THE  ABILITY  OF HERC TO  PROTECT  ITS  CURRENT
COMPETITIVE  POSITION IN THE MARINE BUSINESS.  HERC competes on the basis of its
knowledge and  experience of marine and other closed loop systems.  The chemical
products used in the marine  business are based on  proprietary  chemistry,  but
this chemistry is not patented or, HERC believes, patentable.  Therefore, others
may develop the same  chemistry  through  reverse  technology  methodology or by
experimentation.  If that  happens,  another  entity could offer the some of the
same  benefits as HERC and increase the  competition  in the marine pipe systems
cleaning market.  Also, the lack of patents limits the ability of HERC to market
an  absolutely  unique  product  or  service.  HERC  relies on trade  secret and
confidentiality  protection with respect to the chemicals and  methodologies  it
uses in its  marine  business.  It is  possible  that  these  means  will not be
adequate to protect HERC from competitors.

EFFECT OF LIABILITY  CLAIMS IN EXCESS OF THE  INSURANCE  LIMITS COULD AFFECT THE
FINANCIAL  CONDITION OF HERC. HERC is engaged in a business that might expose it
to claims for personal or property  injury.  Suits may result from  personnel or
bystanders  who are injured on site,  from damage to a pipe system being cleaned
or from other  issues  arising from the  performance  of HERC's  services.  HERC
maintains  liability  insurance  in  the  aggregate  amount  of  $2,000,000  and
$1,000,000 per  occurrence.  HERC also has an umbrella  liability  policy in the
amount of $3,000,000.  If there is a successful  claim against HERC in excess of
the insurance  limits or that is not covered,  HERC will have a material adverse
effect on its financial condition.

EFFECT  OF  OUTSTANDING  RESTRICTED  COMMON  STOCK ON  FUTURE  SALES BY HERC AND
STOCKHOLDERS.  HERC sold an aggregate of 3,240,000 shares of common stock in the
fiscal  quarter ended June 30, 1998 at $.31 per share.  This amount  represented
about  30% of  the  current  outstanding  common  stock  immediately  after  the
transaction.  These shares were sold to finance the  business in 1998.  One year
after the date of sale, these shares became eligible for public sale without any
registration  statement. As a result there may be an adverse impact on the price
and liquidity of the common stock in the public market  because of the volume of
their possible sale.

EFFECT OF OUTSTANDING  OPTIONS AND WARRANTS ON MARKET PRICE AND LIQUIDITY.  HERC
has issued options and warrants to purchase  2,309,980 shares of common stock of
which a large  percentage  of them have a purchase  price per share at less than
the current market price of the common stock and are currently  exercisable  and
may be sold in the public market.  The existence of the options and warrants may
have an adverse  impact on the price and  liquidity  of the common  stock in the
public market  because of the overhang they create.  Also, the issuance of these
shares at prices  below the market  price  will  result in  dilution  to current
shareholders.

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