September 25, 2009 (FinancialWire) — Heartland, Inc. (OTCBB: HTLJ) said that the appraisal value of the property, building, and equipment of its steel warehousing subsidiary has been increased to $3.05 million from $2.5 million.

The additional capital will be added to Heartland Steel’s overall working capital, according to the company.

Heartland Steel, the company’s steel warehousing subsidiary, is completing a new facility based in Washington Court House, Ohio, which is scheduled to open in mid-October.

Middleboro, Kentucky-based Heartland has businesses in steel warehousing and fabrication and petroleum retail and wholesale operations.

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