IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... Message Board

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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...

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To: Bugsy who wrote (244)	3/5/1998 8:38:00 PM
From: BILL HOJNACKI	Read Replies (1) of 747

Bugsy, The company didn't announce what the 288 new sites are worth, but if you read again the 12-16-97 news release you can see that the CEO, Walter Kolbe stated that "the Amoco work alone should generate in excess of $.02 per share to the bottom line in 1998", so there you have it. It's also worth mentioning that he said "In addition, we have plans to aggressively expand our cleanup technology into new areas. We are currently performing work in India under a strategic alliance with Tetra Tech and this is just the tip of the iceberg". I can't wait to hear about that iceberg. I did some research on Tetra Tech, they are a huge company, and can throw a lot of business our way. Back to the $.02 per share this year, using a average P/E ratio of 17 17 x $.02 = $.34 a share value right now without the iceberg or the ROP plants. Toss in the Amherstburg facility, and we are talking about $2.04 a share. Bill H.

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