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

To: Michael Anthony who wrote (1744)	2/20/1998 11:41:00 AM
From: Harry_Behemoth	Read Replies (1) \| Respond to of 2841

Eco didn't pay much for CCG...paying off big time: Friday February 20, 11:18 am Eastern Time Company Press Release American Eco's Commercial Group Hits $24.4 Million in New Contracts and Backlog HOUSTON--(BUSINESS WIRE)--Feb. 20, 1998--American Eco Corpora (NASDAQ:ECGOF - news; TSE:ECX. - news; BERLIN:AEOGR) Michael E. McGinnis, Chairman, President & CEO of AMERICAN ECO CORPORATION announced that its Dallas based subsidiary, Specialty Management Group, Inc. d.b.a. ''CCG'' (Commercial Construction Group) has added USD$10.7 million in new contracts to its existing contract backlog of $13.7 million. The contracts are from various commercial clients including Allstate Regional Offices, Uniglobe Travel, Petco, regional shopping centers for Shafer Properties, direct care medical facilities for The Cirrus Group, Cornerstone Business Park, Cinemark and Starplex Theaters. CCG began building for nationally known chains such as CompUSA, BizMart, Eckerd Drugs, Chuck E. Cheese's and numerous restaurant chains including Outback and Don Pablo's. Today, CCG's focus has changed towards more full service construction management, design/build and development services. While still maintaining focus on relationships with repeat businesses, CCG is now a true outsource provider to its commercial and retail clients throughout the U.S.A. Michael E. McGinnis, Chairman, President & CEO of American Eco, stated, ''American Eco is very pleased with the rapid uptake in new business for our specialty construction and management systems being opened by CCG since its acquisition in late 1997''. 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.

To: Michael Anthony who wrote (1744)	2/20/1998 11:59:00 AM
From: Francois H. Gaston	Read Replies (2) \| Respond to of 2841

Michael... I said >>Actually they might position themselves for a lawsuit.<< I meant against ECGOF itself.... if they are not careful about their wording. One has to be careful when DBCO looses stock value that fast,... when somebody is spreading bad word about the company. Hopefully ECGOF is clean and is not adding too much fuel to the fire (I bet they don't). .... but lawyers can find many connections where there were none to begin with! Just stating my frustration about lack of PR and poor (but very friendly) IR. IR should know, by now, that everything said on the phone could be posted on the web, the same very day. I am still holding to some ECGOF shares and some friends are in big time. They are not selling one share. They are in for the long run. I sold some ECGOF shares in the past to play with other equities. I could not wait for ECGOF stock appreciation and keep all my money in ECGOF as I once did (and on margin). In the interim I was overall successful and did better than keeping everything in ECGOF. I am personally very optimistic that by end of 1998, ECGOF holders will have made significant money by holding this stock long. It could very well be that, by then, they will have done better than me! Good luck all. Gaston