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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO)
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To: Peter H. Mack who wrote (404)1/29/1998 7:59:00 PM
From: david james  Read Replies (1) of 535
 
I know them only from the July 3rd press release
dljdirect.com

The Committee's proposal requires a majority of shareholders of Dominion
Bridge approving its consent solicitation.
-- Substantially increase new business by acquiring First Key Project
Technologies, Inc. This international engineering and construction management
firm is headquartered in Toronto, Canada and was recently formed by former
industry executives of Bennett & Wright and Bracknell Corporation. It
currently has a backlog of over US$600 million, with projects in Canada and
internationally. Mr. Ken Mariash, the Committee's President and CEO, stated:
"Over the next twelve months, this group is projected to generate revenues of
US$150 million with pre-tax profits exceeding US$12 million. Additionally,
the acquisition would bring an additional US$50 million of fabrication work to
Dominion Bridge's Lachine (Montreal) facility, which current management
describes as a major source of current operating losses. With completion of
this acquisition, Dominion Bridge's consolidated backlog of work in hand would
exceed US$1 billion."
The Committee's members are currently negotiating an acquisition agreement
with the principals of First Key Project Technologies that the Committee
believes would be additive to Dominion Bridge's earnings. The acquisition
agreement would be assigned to Dominion Bridge following a change in control.

David
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