How many companies have you seen on the OTC with 2 million shares outstanding that are fully reporting with this much potential.
Check out ECIC's news release that just came out today. This is no P&D either as this stock will be small cap NASDAQ in the next year.
Heres the release:
Eagle Capital International, Ltd. Announces Equipment Financing Agreement
Business Wire - March 04, 1999 09:23
SALT LAKE CITY--(BUSINESS WIRE)--March 4, 1999--Eagle Capital
International, Ltd. (OTC BB:ECIC) Douglas A. Dent, president, announced that Eagle
Capital has signed a Master Equipment Sales Agreement providing for the purchase of
at least 10 mobile block plants.
The plants, costing approximately $500,000 each, will be used by Eagle and its joint
venture partners to help meet previously announced commitments to furnish the patented
IMSI(R) Insulated Reinforced Masonry System in international building markets
including Asia, Latin America, Europe, and Africa.
Eagle plans to deploy the first truck in India where it has a controlling interest in
Construction Technologies of India. CT India is using the patented IMSI Block System
in that country and has targeted an estimated 24 million-block project for social housing
in the Greater Bombay Area. The company expects profits of approximately
$3,000,000 ($.10-.15 per block) to be generated from this project alone.
As mobile block plants are produced, Eagle also intends to ship them to China for use in
its joint venture, Great Wall New Building Systems, Inc. (GWNBS), which has entered
into a Letter of Intent with the Beijing Shuanlong Cement Group Co., as well as local,
county and central governments. The target date for beginning production of this project
is August of 1999. Annual sales of 6.3 million blocks and gross profits of $1,200,000
are expected.
GWNBS is also in discussions with a number of cities including Changzou, Shanghai,
Beijing and Tianjin. Currently, GWNBS has three Letters of Intent for joint venture
agreements, which would generate annual sales of approximately 16.4 million blocks
and profits of approximately $2,000,000. Prioritization will be coordinated with the
Central government committee for locations and start dates.
These projects taken together should generate profits to CT India and GWBS of
approximately $6,200,000 over a two-year period. As Eagle has acquired, or has
contracts to acquire, a controlling interest in these joint ventures, profits to Eagle should
approximate $1,600,000 per year, approximately $.80 per share (currently outstanding
1,997,918 common shares), for the next two years.
The IMSI system is a block wall system, using mortarless, dry-stacked construction
techniques that offer several advantages over typical construction methods. The system
is comprised of interlocking concrete blocks, a set of prefabricated foam inserts that are
placed inside each block, and a unique surface bonding material that holds the blocks in
place.
The system is cost competitive, rot proof, fireproof, architecturally adaptable, thermally
efficient for extreme climates, environmentally friendly and may be used for residential,
commercial and government construction. The system is also labor friendly, since it may
be constructed using local, semi-skilled workers who are quickly trained.
CONTACT: Eagle Capital International
Gene Cardinal, 604/622-5561
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