ECOS Group Signs Major Contract
Updated: Friday, January 26, 2001 01:01 PM ET
MIAMI LAKES, Fla., Jan. 26 /PRNewswire/ -- ECOS Group, Inc. (OTC Bulletin Board: ECOS) announced today that its wholly owned subsidiary, Construction & Electrical Specialists (CES), has executed a lump sum contract for $967,691 with an undisclosed Fortune 500 transportation company. The contract includes the renovation of a 70,000 square foot industrial facility located in Tampa, Florida. Work will include design, permitting, selective demolition, asbestos abatement, and erection of pre-engineered metal roof, wall, and ceiling systems. Additionally, new electrical upgrades will include a lighting system that provides 50-foot candles of light and a ventilation system that provides 270,000 cubic feet of air per minute. The work will begin in February 2001 and should be completed within 5 months. Management believes this contract should have a positive impact on the revenues and profitability of the company's Construction, Electrical, and Demolition services business sector.
ECOS Group, Inc. is a publicly traded holding company, trading on the OTCBB under the ticker name "ECOS." Its subsidiaries are engaged in environmental consulting/engineering, petroleum and hazardous waste assessment and remediation, real estate transaction environmental assessments, asbestos management, indoor air quality, mold and mildew assessment and remediation, construction management, design/build, demolition, construction, and electrical contracting. It has recently expanded its construction practice to include the design/build of metal building structures of all sizes. The above announcement is the company's first contract in this new construction business sector.
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