Kim, something for you to ponder. It is OTC-BB but may be worthy of a Kimberly look :)
ECIC.... some DD....
Fully reporting OTCBB company.
Shares:
O/S: 5.3M
Public Float: 2.3M of which 1.5M is being held by insiders leaving about
800K tradable. This explains why the stock moves quickly on volume.
Eagle Capital is a company that is seeking it's fortune in developing
countries... It is an undiscovered China play as well as the emerging play
of business in the Balkans which are trying to recover after all the damage
from the recent war.
The information below is copied from the NR on 29 Nov from Research
Investment Group's (no one listened)info... I have talked to the company
several times now and verified this info.
Their main source of income will be through 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 not so 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).
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 has had three major license areas, CHINA, INDIA, and
MEXICO, which they consider prime markets and have already established
joint ventures in these areas.
Now, here is the new angle... after the war in the Balkans, there are
companies which are falling over each other to win construction contracts
in this area...
This is from the Friday, 3 Dec NR which no one seemed to pay attention to:
SALT LAKE CITY, Dec 3, 1999 (BUSINESS WIRE) -- Eagle Capital
International (OTCBB:ECIC) is pleased to announce that they have
entered into a Joint Venture Agreement with USTech Building Systems
Inc. the holder of an Integrated Masonry Systems, Inc. License for the
countries of Bosnia, Bulgaria, Montenegro, Yugoslavia, and the Ukraine.
A similar Joint Venture Agreement for the country of Romania has been
agreed to with Advantage Investments, Ltd.
These Joint Ventures will give Eagle Capital International, Ltd. a 50%
interest in the aforementioned license areas held by USTech and
Advantage. This agreement will allow the new Joint Ventures to fulfill
agreements now in place for both Romania and Yugoslavia.
Hummmm... the reconstruction starts and who is going to cash in?
Not a rec to buy, do your own DD...
Tom
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