Khashogi Makes Initial Investment of $2 Million In Eagle Capital
BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 22, 1999--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.
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Contact:
Eagle Capital International, Ltd.
Anthony D'Amato, 561-988-2550
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