The 250k trade was at $8 which was above the ask, so I assume it was a buy.
Bought MARG at 5 3/4 yesterday - what a wild world it is out there in those - other stocks ....
Tuesday April 21, 10:02 am Eastern Time
Company Press Release
American Eco Receives 3 Year Contract from Total Petroleum for
Marseilles, France Facility
HOUSTON--(BUSINESS WIRE)--April 21, 1998--American Eco Corpora(TSE:ECX. - news; NASDAQ:ECGOF - news;
BERLIN:AEOGR) AMERICAN ECO CORPORATION announced that its Separation and Recovery Systems, Inc. (SRS) Joint
Venture SRS-ECO LTD., received a three year contract for resource recovery at the Total Refinery near Marseilles France. The
multi-year contract was awarded following a technology demonstration conducted from September through to February, 1998. SRS
indicated, that the contract, which is over seven figures, is precluded from announcing the specific amount due to Total Petroleum's
policies.
The transaction included the sale of SAREX Process equipment by Separation and Recovery Systems, Inc. to the Joint Venture
SRS-ECO. The SAREX process is cutting edge technology utilized in refinery and chemical plants for the recovery of valuable oil
resources and for the remediation of contaminated industrial sites. The SRS SAREX Process is field proven over the past ten years,
and has been utilized in the United States, Mexico, Australia, Taiwan, and South Africa.
Michael E. McGinnis, Chairman, President & CEO of American Eco, stated, ''American Eco is pleased that Total has recognized the
impact of the SRS technology demonstration through the award of a long term contract which meets their need for the new world
standards for environmental compliance.''
American Eco is a leading North American provider of single-source construction, management, maintenance, specialty fabrication, and
engineering services in the refining, petrochemical, utility, forest products and offshore manufacturing industries.
Contact:
American Eco Corporation - Houston, Texas
Cindy Jackson, 888/774-3246
or
Separation and Recovery Systems, Inc. - Irvine, Calif.
Joseph DeFranco, 714/261-8860
www.americaneco.com |
