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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?


To: david james who wrote (1721)2/17/1998 9:58:00 AM
From: Harry_Behemoth  Read Replies (1) | Respond to of 2841
 
FEBRUARY 17, 1998

American Eco's Turner Group Adds $26.5 Million to Backlog

HOUSTON, TEXAS--Michael E. McGinnis, Chairman, President and CEO
of AMERICAN ECO CORPORATION announced that its Port Arthur based
subsidiary, Action Contract Services has added USD$26.5 million to
its contract backlog for maintenance services. The contracts
include ongoing storage tank maintenance at several Texas based
plants of Huntsman Petrochemical Corporation, and general
maintenance work for Olin Corp., in Beaumont, Texas. The Turner
Group's other subsidiary, C.A. Turner currently performs the
general maintenance work at four additional plant sites.

The Turner operation formed the basis for American Eco's move into
industrial and maintenance services when American Eco acquired it
in November of 1993. Turner provides field maintenance services,
industrial construction and pipe fabrication to customers
throughout the southwestern U.S.

Michael E. McGinnis, Chairman, President and CEO of American Eco,
states, "The fact that the Turner Group through the combined
actions of C.A. Turner and Action in providing services to
Huntsman and Olin, exemplifies American Eco's commitment to the
"single source" concept when servicing our clients."

American Eco is a leading North American provider of single-source
construction, management, maintenance, specialty fabrication,
engineering and environmental remediation services in the
refining, petrochemical, utility, forest products and offshore
manufacturing industries.

-30-



To: david james who wrote (1721)2/17/1998 5:57:00 PM
From: Peter H. Mack  Read Replies (1) | Respond to of 2841
 
Looking at market cap for DBCO, it is now below $50mil with 31mil shares out. Todays closing has them down 40% since the negotiations collapsed. Messages on the Yahoo board are irate. One message is repeated below.....

It seems to be logical that DBCO shareholders would now be interested in a deal that would improve their positions.

regards
pete m.
..................................
Subj: We all must call - Here is #
By: Went_Long
Date: Feb 17 1998 9:19 A.M PST
Reply To: Msg. 1 by YahooFinance

Not only should we demand action, but also a press release that details their intentions so we can stop
this shit. I am reposting some of Message #194's information:

We as shareholders must act immediately!!! Please phone Marengere immediately to demand
completion of the Eco transaction. Work: 514-634-3550 Home: 514-769-8358 Cellular:
514-386-0161 Weekends: 418-849-3840. Immediate sharholder action is necessary to save the
company and our investment.