ECIC - Monday November 29, 5:19 pm Eastern Time
Company Press Release
Research Investment Group Announces Investment Opinion on Eagle Capital International, Ltd.
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Nov. 29, 1999--
ECIC in Our Opinion is an Overlooked / Undervalued China Play With
Little Attention and No Coverage From Wall Street. In Our Opinion
ECIC has Huge Potential in One of the Hottest Investment Sectors
Now ... China!
It has been more than a few weeks since the United States and China signed the Trade Agreement Document making China the newest member of the World Trade Organization. This Agreement has sparked such an interest that investors continue to buy anything related with China. This buying interest is so heavy investors are scooping up companies with very little history, and in some cases even very limited revenues; however ECIC has a strong history with China and also has substantial financial resources. Chinese Government Officials and Dignitaries are eager to implement the revolutionary building system which ECIC markets for the building of impressive homes, multi-level apartment complexes and commercial buildings throughout China! China like many parts of the world is experiencing a critical housing shortage. For centuries the Chinese have built their homes and buildings with brick made from red clay. The cultivation of this clay has destroyed millions of acres of precious farmland topsoil putting an additional cataclysmic pressure on the Chinese government, that of feeding their people. Therefore the Chinese government has recently mandated the halt of Red Clay Brick production throughout China. The Chinese government has frantically looked for and found in ECIC the best solution in handling their housing needs without destroying their environment. (Note: ECIC is also well positioned in Mexico and India).
In a recent press release dated November 18th Eagle stated they are currently in discussions to replicate their existing operations in China and when completed, sales should easily surpass 100 million over a four-year period. Eagle stated they should gross well over 12 million dollars for the fiscal year 2000 just on existing operations in China alone. CPIH another China. related company that also deals in the construction industry, recently shot up to an astounding $80/shr within a week after trading between .25 and 3 1/4. HRCT soared from 50c to $5.00 and CAOL rocketed from a 30c to $3.00 a share. Like we stated earlier there have been many others with significant increases in share price purely due to their CHINA CONNECTION...
ECIC has been given very little attention and should be considered as a serious CHINA PLAY....
Eagle Capital International Ltd. (OTCBB:ECIC - news) is a Nevada Corporation created to develop MAJOR INTERNATIONAL MARKETS for the purpose of selling the patented IMSI building system. (INTEGRATED MASONRY SYSTEMS INTERNATIONAL). IMSI has developed a revolutionary new insulated masonry construction block system with distinct advantages over the traditional brick and mortar construction. The IMSI system features insulated reinforced masonry that is a mortarless and dry stacked system. These newly designed interlocking cement blocks have interior pockets where non-toxic, fireproof Polystyrene insulation is placed which dramatically increases energy efficiency while increasing structural integrity. There is no need for the use of mortar between blocks, this system instead utilizes a Structure Coat Surface Bonding Cement, which provides a weather resistant, structurally sound, and impermeable surface. These blocks can be used for all types of construction from ''low end'' multiple residential to ''high end'' beautiful custom homes as well as commercial and industrial buildings.
The IMSI Block went through seven years of Research and Development at Brigham Young University and is being used for construction throughout the United States. Simply put, the IMSI building system is revolutionary. The buildings go up quickly with the help of skilled and semi-skilled labor. When the structures are completed the dwellings are virtually fire proof, earthquake and hurricane resistant along with being rot proof, termite proof, sound proof and are extremely energy efficient! A superior home or building for less or the same cost as most conventional construction. With the ever increasing worldwide cost of lumber the demand for the IMSI building system should continue to escalate. Another key point is that with the cost of energy soaring throughout the world the up to 70% energy savings the IMSI system provides is unsurpassed. Mr. Chen Fu Guang with the Chinese Central Committee is the top ranking Chinese Official to approve new building products for China. Mr. Chen was recently in the United States to further relations between China and Eagle Capital International. He was quoted in the press as saying ''China wastes 1.6 million metric tons of energy annually as a result of insufficient insulation. Though most of China heats its buildings only four months of the year, it uses three times as much energy for heating as the United States. The IMSI blocks would tremendously reduce energy costs in China''. (Note: Eagle currently owns majority control in three IMSI licensees, China, India, and Mexico and is in the process of obtaining additional licenses either through IMSI or in partnership with existing license holders).
Eagle (ECIC) is focusing on establishing joint ventures with strategic Partners operating in target markets. Current strategic relationships have been established in America, Asia, the Middle East, and the Mediterranean Basin. These current relationships will help Eagle to expand and gain more exposure in these areas, as well as gain the political benefit of ''keeping it local'' which would reflect very positively on the company, and the local government of the country. At the same time this will also limit Eagles outlay of capital. These actions have helped Eagle establish business relationships with prominent local business and government entities as well as specific knowledge of commercial opportunities and cultural legal and business contexts of their markets which is virtually impossible for an outside company to acquire in a timely, business generating fashion.
Eagle currently has three major license areas, CHINA, INDIA, and MEXICO, which they consider prime markets and have already established joint ventures in these areas.
CHINA is the world's most populous country and Eagle has a partnership with Beijing based ''Double Dragon Construction'' which is wholly owned by The Peoples Republic Of China. Eagle operates as ''Great Wall Dragon'' and Great Wall's joint venture partner, Double Dragon ( which is a self sustaining enterprise under the Beijing municipality) produces 400,000 metric tons of cement annually and has earmarked approximately 20% of its production for the venture with Great Wall. The two projects contracted for first use in China of the insulated wall system are a six story residential development developed by Double Dragon and a group of vacation villas which were commissioned by the Mi Yun area's tourist development authority. The Mi Yun Lake district's expansive reservoir is the major source of water supply for Beijing and a major tourist attraction, including sections of the Great Wall newly opened for tourism. The company views this as a entry point into China and is expecting explosive growth and increased demand for their product as China looks to modernize and develop its economy. A Chinese Official have stated that in cooperation with ECIC a one-hour Chinese television documentary will be produced next year exclusively featuring Eagle and the IMSI Building System. This documentary will be broadcast in China on their State run TV stations. The purpose of this documentary will be to quickly acquaint all the Chinese people with the IMSI Building System in an effort to expedite its use for nationwide construction.
INDIA is the world's second largest country in terms of population. Eagle has partnered to form Construction Technologies of India. As a result they now have begun production in Bombay with a major Indian developer and expect additional large housing projects to be underway by the Spring of 2000. Construction Technologies of India is working with CITCO, MHADA, HUDCO and NPPI to be part of the construction of 254 large buildings of 3 to 7 stories each in the State of Maharastra. Eagle also announced on October 7 that CT India (it's majority owned subsidiary) has signed a four year deal with US Technologies of India. This contract allows for Eagle to sell 12 million blocks over the course of the next four years. This contract has a sales value of 25 million dollars to Eagle Capital.
MEXICO with its close proximity to the United States has an added advantage along with tile protections and opportunities as a result of NAFTA. (North American Free Trade Agreement) Eagles Mexican joint venture is known as Construction Technologies of Mexico. They have a number of sizeable projects, which are ready for near term implementation. Eagle views Mexico as another major growth area for them. The Mexican Government along with their local governments have made the rapid development of low cost housing a major goal.
Eagle appears to have a very bright future and should benefit significantly from the economic boom and World Wide shortage for quality affordable housing. This is considered a major priority in many foreign governments and Eagle is well positioned to capitalize on the burgeoning need.
Currently trading at only $2.00 a share, in our opinion ECIC could easily be THE NEXT BIG CHINA PLAY!
EAGLE CAPITAL IS A FULLY REPORTING CO WITH THE SEC....
EAGLE CAPITAL INTERNATIONAL, LTD. (OTCBB:ECIC - news) Structure and Recent Trading Pattern:
Total Shares of Common Stock Outstanding- 5.3 Million
Public Float- 2.3 Million
Projected Earnings Fiscal 2000- $1.01 per share
1999 Trading Range: US $0.37(low) by US $3.50 (high)
DISCLAIMER: PLEASE READ.
Research Investment Group is not a Registered Investment Advisor or a Broker / Dealer. Readers are advised that this report is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy.
ANTHONY D'AMATO (C.E.O OF EAGLE CAPITAL ECIC:OTCBB) HAS APPROVED THE ENTIRE CONTENTS OF THIS RESEARCH REPORT IN WRITING....
Research Investment Group has independently prepared this report, drawing upon a range of public news releases and information sources, as well as data and opinions provided by Eagle Capital International Ltd. (''ECIC'' or the ''Company'').and Anthony D'Amato (C.E.O OF ECIC:OTCBB) Prior to Research Investment Group issuing this report, the Company reviewed and approved the contents hereof in writing. Research Investment Group has not independently verified the Company's representations. Any opinions expressed in this report are statements of judgment as of the date of publication (29th November 1999) and are subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. Neither Research Investment Group nor its officers, directors, partners or employees / consultants accept any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.
The information contained herein is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. The opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. The foregoing discussion also contains forward-looking statements that are based on current expectations and differences can be expected. The information and opinions contained herein is not intended to be a complete discussion of information regarding some of the current and/or intended business activities of the Company, and all information contained in this report should be independently verified with the Company. Readers are urged to consult with independent financial advisors with respect to an investment in the shares mentioned herein. Investors should review a complete information package on the Company which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings.
In order to be in full compliance with the Securities Act of 1933, Section 17(b), Research Investment Group advises the readers of this document that it has received a ONE TIME FEE OF 50,000 free trading common shares of Eagle Capital International from Ashfield Investments, Inc. under the terms of a consulting / marketing services contract. Research Investment Group, its officers, directors, partners and employees / consultants may profit in the event the shares of the Company increase in value. These positions may be liquidated from time to time even after Research Investment Group, its officers, directors, partners and employees / consultants have made positive comments regarding the Company.
You should NEVER make an investment based solely on what you read in an online newsletter, E-Mail letter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known,'' said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. ''Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research.''
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. INVESTORS MUST ALSO INDEPENDENTLY VERIFY THE ''BLUE SKY'' ELIGIBILITY OF THE SECURITY MENTIONED IN THIS REPORT BEFORE MAKING ANY INVESTMENT DECISIONS. TIMING OF, AND ANY BUYING OR SELLING DECISIONS, ARE THE SOLE RESPONSIBILITY OF THE READER.
As with any stock, companies we choose to profile involve a very high degree of investment risk and volatility. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. We encourage U.S. readers to review the investing information available with the Securities and Exchange Commission (''SEC'') at sec.gov and/or the National Association of Securities Dealers (''NASD'') at nasdr.com The NASD has published information on how to invest carefully at its website.
Eagle Capital International is a fully reporting company with the SEC. Readers may access and review all ECIC public filings (including financial information) at edgar-online.com.
Under Bill s.1618 Title III passed by the 105th U.S. Congress this letter cannot be considered, labeled, or treated as illegal unsolicited commercial e-mail (''spam'') as long as it contains contact information and a remove link. For removal from this list, please send a message to gold@accesspro.net
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Contact:
Eagle Capital International, Ltd.
Randy Gleave, Public Relations
801/434-4911, (Fax) 801/434-4916
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