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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO) -- Ignore unavailable to you. Want to Upgrade?


To: Peter H. Mack who wrote (404)1/29/1998 7:59:00 PM
From: david james  Read Replies (1) | Respond to 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



To: Peter H. Mack who wrote (404)1/30/1998 5:05:00 PM
From: Duncan  Respond to of 535
 
Peter Mack:

I'm a long time investor in ECO and am following the DBCO activity very closely...not to mention taking a few shares of DBCO along the way.

<<Do you know anything about the reference to 'First Key Project Technologies'? It was referenced as something the Kuhn group wanted to acquire if they succeeded in their atack on DBCO. (see SEC documents on Consent)>>

As for Kuhn, back in August of 1997, their proxy fight for ECO did not receive the 47% consent vote they needed...no where close. They've completely disappeared from DBCO. There is no relationship.

Duncan