Applies to -- ECIC
Khashogi Makes Initial Investment of $2 Million In Eagle Capital
Khashogi Makes Initial Investment of $2 Million In Eagle Capital
BOCA RATON, Fla., Oct 22, 1999 (BUSINESS WIRE) -- Eagle Capital
International, Ltd. (OTCBB: ECIC) - Eagle Capital International, Ltd.
is pleased to announce that Motasem Khashogi of Saudi Arabia has made
the first part of a significant investment in Eagle Capital. The
Shemano Group of San Francisco acted as the placement agent on behalf
of Sabre Capital Management of Dallas for the transaction. To further
underscore his commitment, Mr. Khashogi has asked for and received two
seats on the Eagle Capital Board of Directors.
"For Eagle Capital to be able to attract someone of Mr. Khashogi's
caliber and reputation are clear signs that Eagle is building a world
class organization," said Eagle President & CEO Anthony D'Amato.
Besides the financial and Board commitments, Mr. Khashogi will be
instrumental in developing high level contacts to further sales of the
Insulated Masonry System in the Middle Eastern countries through our
relationship with Arabian Masonry Systems, the licensee for that
region.
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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Eagle Capital International, Ltd.
Anthony D'Amato, 561-988-2550
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA TEXAS CALIFORNIA INTERNATIONAL AFRICA/MIDDLE
INDUSTRY CODE: BUILDING/CONSTRUCTION
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