To: Redhook who wrote (79077 ) 6/11/1999 11:00:00 AM From: If only I'd held Respond to of 119973
CECE, look here.... CECO ENVIRONMENTAL CEO TELLS STOCKHOUSE.COM THAT NET PROFITS COULD GROW BY 70% CECO ENVIRONMENTAL CEO TELLS STOCKHOUSE.COM THAT NET PROFITS COULD GROW BY 70% COMPOUNDED ANNUALLY BY YEAR 2001; PLANS EXPANSION INTO EUROPEAN Diesel Market SARASOTA, Fla., Jun 11, 1999 /PRNewswire via COMTEX/ -- CECO Environmental (Nasdaq: CECE) Chief Executive Officer Phillip DeZwirek told StockHouse.com, in an exclusive interview, that CECO net profits would surge at a 70% compounded annual rate, that revenues are projected to grow by 25% compounded annually, and that EBITDA is estimated to climb 50% compounded annually, through year 2001. Asked to explain how the company would achieve that growth, DeZwirek told StockHouse.com, "A combination of internal growth and acquisition. I would say internal growth could bring about one-third of it and acquisitions two-third." DeZwirek also told StockHouse.com about its plans to expand into the European diesel market, following the company's announcement that it had been awarded a significant order from GM-EMD, the Electromotive Division of General Motors Corp. DeZwirek said, "The (European) environmental laws are tougher than in North America. That could be a vast market for us. It's certainly something we are preparing to attack." DeZwirek also discussed his company's informal association with the Environmental Protection Agency. To read the entire online interview, visit www.stockhouse.com . StockHouse Media Corporation is an Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With over one million visitors per month, StockHouse has emerged as a leading, online, global financial content provider. A subsidiary, StockHouse Canada, is the #1 Canadian financial website, where an estimated 21% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States of America, Canada, and Australia. StockHouse Contact (Media Only): StockHouse Media Corporation (U.S.A.) 1-941-365-5719 EMAIL: media@stockhouse.com WEB: http//www.stockhouse.com SOURCE StockHouse Media Corporation (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: StockHouse Media Corporation, 941-365-5719, or e-mail, media@stockhouse.com WEB PAGE: stockhouse.com GEOGRAPHY: Florida INDUSTRY CODE: FIN MLM News provided by COMTEX.