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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (9473)	3/10/1998 3:14:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / American Eco Corp. Announces Total Backlog For All Divisions Reaches $245 Million AMERICAN ECO CORPORATION CBOE SYMBOL: EOQ TSE SYMBOL: ECX NASDAQ SYMBOL: ECGOF BERLIN SYMBOL: AEOGR MARCH 9, 1998 HOUSTON, TEXAS--Michael E. McGinnis, Chairman, President and CEO of AMERICAN ECO CORPORATION announced that its backlog for the total Company including all Subsidiaries is over USD$245.0 million. Recent News Releases on the successes of several divisions based in Canada and the US have announced backlogs of the individual subsidiaries, some News Services have not correctly attributed these backlogs to the Subsidiaries only. In the USA, American Eco Subsidiaries include: Chempower of Akron, Ohio; United Eco Systems, High Point, NC; Turner Group, Port Arthur, Texas; Specialty Management Group, Dallas, Texas; and Separation and Recovery Systems, Irvine, California. Each of these American Eco Subsidiaries has additional operating units working in other markets under various Trade Names. In Canada, American Eco Subsidiaries include: Industra Service Corporation, of Vancouver, British Columbia; and MM Industra of Halifax, Nova Scotia. Michael E. McGinnis, Chairman, President and CEO of American Eco, stated, "American Eco is proud of its achievements in the past year when our revenues reached $220 million, while backlog for all Subsidiaries grew an amazing 156 percent to $245 million for the year ahead". 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: Herb Duncan who wrote (9473)	3/10/1998 3:17:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / IPSCO Receives New Pipe Order IPSCO INC. TSE, ASE, NYSE SYMBOL: IPS MARCH 9, 1998 REGINA, SASKATCHEWAN--IPSCO today announced that it had received an order for 44,000 tons of 36" diameter line pipe from Interprovincial Pipe Line Inc. This order will be produced on its Regina spiral pipe mills starting 7 May 1998 with completion 31 July 1998, which follows completion of current mill bookings. At the same time IPSCO announced that it has agreed with Alliance Pipeline that its mill space reservation commitment would be rescheduled for an 1 August 1998 pipe production start. Alliance's current intent is to purchase approximately 400,000 tons of pipe from IPSCO constituting 1150 km of the Canadian portion of the Alliance project. The period of production of this requirement would fully book IPSCO's newly expanded Regina large diameter spiral mills until the end of February 2000. This news release contains forward looking information with respect to IPSCO's operations and beliefs. Actual results may differ from these forward looking statements due to numerous factors, including those discussed in IPSCO's Form 40-F for its fiscal year ended December 31, 1996.