American Eco Corporation (ECGOF) Will be Elite Corporate Presenter April 8
at IRI/NYSSA 2nd Tues. Forum Televised on NBC PFN
International Portfolio Manager Heiko Thieme will also speak on subject:
'Small Caps Investing Opportunities in a Declining Market'
New York, NY and Houston, TX -- American Eco Corporation (ECGOF / OTC),
which is a leading environmental and construction service provider, will be the sole Elite Corporate Presenter at the IRI / NYSSA 2nd Tuesday Forum at noon, April 8, at the World Trade Center.
The speaker will be Michael McGinnis, president of American Eco, according
to Daniel Meisenheimer, III, himself CEO of Meisenheimer Capital (MEIS) and
United States Basketball League (USBL), and chairman of the co-sponsoring
Investors Research Institute, a non-profit organization.
The Forum, a networking event for small cap companies, analysts, brokers,
traders and individual investors, is produced jointly with the New York Society of Security Analysts and is telecast live to the Wall Street community via NBC PFN.
The newsmaker speaker for the event will be Heiko Thieme, porfolio manager
and head of American Heritage Management Corp., NYC, and Thieme Asset
Management SA, Luxembourg. Thieme's contrarian strategies, and especially his ability to spot high growth small caps, is well known on Wall Street. His topic is aptly titled: 'Small Caps Investing Opportunities in a Declining Market'.
American Eco provides environmental and construction related services,
offering soil remediation, bioremediation, asbestos/lead abatement, oil recovery and waste minimization and underground storage tank removal. In addition, American provides industrial maintenance, pipe fabrication, civil construction, refinery turnarounds and specialized demolition construction.
ECGOF has been trading near its 12-month low in recent days. The IRI /
NYSSA Forum is a premier platform for the introduction of promising emerging growth companies. Past presenters have without exception traded to new 6-mo or 12-mo price highs and/or new volume highs due to the enhanced exposure the Forum provides to mainstream brokerages and institutions.
American Eco has capitalized on out-sourcing. It provides one-stop, single
source solutions to the refining, petro-chemical, utility and forest products industries, becoming a leading provider in a $200b-plus industry. In addition to strong internal growth, American has seen rapid expansion due to an aggressive but selective acquistion program. Through this diversification, cross-selling has grown from 1% of revenues in 1995 to 20% to 25% expected in 1997. Sales have grown more than 100% on an annualized basis, and
net has also continued to see record gains.
For the year ended Nov. 30, 1996, its earnings tripled to $8.8m, or $0.81
per share, compared to $2.8m or $0.40 per share in the previous year. Revenues also increased 2.5 times to $120m for the year, compared to $47m in the previous year.
In addition to the Elite Corporate Presenter program, the Investors Research Institute also sponsors an Elite Corporate Membership Program, which identifies small cap companies which agree to meet stringent guidelines for investor accessibility and disclosure, and which includes continuous analyst coverage by an independent member of the New York Society of Security Analysts, a website program, membership in an Elite Partners program
with Market Guide, Business Wire and others, and special membership in the Association of Publicly Trade Companies.
For reservations to the 2nd Tuesday IRI / NYSSA Forum, call 212-912-9249.
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