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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (15972)	5/8/1998 1:51:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 34592

(BSNS WIRE) American Eco Secures $65.0 Million Gas Pipeline Contract Thr American Eco Secures $65.0 Million Gas Pipeline Contract Through Joint Venture Business Editors HOUSTON--(BUSINESS WIRE)--May 8, 1998--American Eco (TSE:ECX) (NASDAQ:ECGOF) (BERLIN:AEOGR) Michael E. McGinnis, Chairman, president & CEO of AMERICAN ECO CORPORATION announced the receipt of a Cdn$65.0 million gas pipeline construction contract from TransCanada PipeLines Limited of Calgary, Alberta. The contract is for 54 miles of 42" high-pressure pipe for the southern and eastern Ontario region. American Eco is a 51 percent joint venture partner with the Steen Contractors Limited subsidiary of Dominion Bridge Corporation, Deere Park Capital Management, L.L.C. and Deere Park Capital Management Inc. American Eco, a 6.7 percent shareholder of Dominion Bridge, indicated that it is providing bonding and fabrication for the project. "We are pleased that the financial strength of American Eco has enabled us to secure this gas pipeline order for the benefit of the joint venture companies," McGinnis, stated. "The companies view this contract as a prototype for future cooperative efforts." 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. --30--CF/ph* CONTACT: American Eco Corporation - Houston, Texas Bruce Tobecksen, 888/774-3246 www.americaneco.com or Cindy Jackson, 888/774-3246 or VMW Inc., New York, New York Sylvia Dresner, 212/605-3140 VMWeiner@aol.com KEYWORD: TEXAS INDUSTRY KEYWORD: BANKING MINING/METALS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *