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

To: Kerm Yerman who wrote (10251)	4/22/1998 1:52:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / American ECO Receives 3 Year Contract AMERICAN ECO CORPORATION CBOE SYMBOL: EOQ TSE SYMBOL: ECX NASDAQ SYMBOL: ECGOF BERLIN SYMBOL: AEOGR APRIL 21, 1998 American Eco Receives 3 Year Contract from Total Petroleum for Marseilles, France Facility HOUSTON, TEXAS--AMERICAN ECO CORPORATION announced that its Separation and Recovery Systems, Inc. (SRS) Joint Venture SRS-ECO LTD., received a three year contract for resource recovery at the Total Refinery near Marseilles France. The multi-year contract was awarded following a technology demonstration conducted from September through to February, 1998. SRS indicated, that the contract, which is over seven figures, is precluded from announcing the specific amount due to Total Petroleum's policies. The transaction included the sale of SAREX Process equipment by Separation and Recovery Systems, Inc. to the Joint Venture SRS-ECO. The SAREX process is cutting edge technology utilized in refinery and chemical plants for the recovery of valuable oil resources and for the remediation of contaminated industrial sites. The SRS SAREX Process is field proven over the past ten years, and has been utilized in the United States, Mexico, Australia, Taiwan, and South Africa. Michael E. McGinnis, Chairman, President & CEO of American Eco, stated, "American Eco is pleased that Total has recognized the impact of the SRS technology demonstration through the award of a long term contract which meets their need for the new world standards for environmental compliance." American Eco is a leading North American provider of single-source construction, management, maintenance, specialty fabrication, and engineering services in the refining, petrochemical, utility, forest products and offshore manufacturing industries.