ECIC - Friday October 8, 8:02 am Eastern Time
Company Press Release
Eagle Capital International, Ltd. Announces $25 Million Contract
BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 8, 1999--Eagle Capital International (OTCBB:ECIC - news) is pleased to announce that CT India, a majority-owned subsidiary, has signed a four-year sales contract with US Technologies of India.
This contract allows for Eagle to sell 12 million units of the IMSI wall system over the course of the next four years. This contract will produce $25 million dollars in revenue.
Eagle is also pleased to announce that it is in the process of shipping it's first Mobile Surface Bonding plant to Bombay, India. This will be followed by the shipment of a Mobil Block Plant to Bombay as well. These plants will augment current fixed plant production in India. This added production capability will allow Eagle to finalize larger pending contracts with CITCO and HUDCO of India.
The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Eagle) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Eagle. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors.
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Contact:
Eagle Capital International, Ltd.
Anthony D'Amato, 561/988-2550
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