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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 (2727)	9/16/1998 11:10:00 AM
From: JimieA	Read Replies (1) \| Respond to of 2841

The press release said: "a performance bonus of US$80 million is offered by the consortium led by American Eco to Davie Industries. " Do you know what this $80 million bonus is about? Or why offered by Eco? Wasn't the $5 million investment by Eco into Dominion Bridge enough of a gift?

To: david james who wrote (2727)	9/17/1998 10:37:00 AM
From: JimieA	Respond to of 2841

Oops: Original Press release read: "In addition, a performance bonus of US$80 million is offered by the consortium led by American Eco to Davie Industries." Correction: In the news release sent out on September 15, 1998 for DOMINION BRIDGE CORPORATION, an error occurred in the third paragraph. It should have read performance bond instead of performance bonus. Now reads: "In addition, a performance bond of US$80 million is offered by the consortium led by American Eco to Davie Industries." Big difference! Now there is no real change from original deal. Dominion Bridge certainly puts out a quality product. NOT!

To: david james who wrote (2727)	9/24/1998 5:34:00 PM
From: srvhap	Read Replies (1) \| Respond to of 2841

How long was this guy Bruce Tobecksen in the CFO slot ? Thursday September 24, 3:19 pm Eastern Time biz.yahoo.com Company Press Release American Eco Corporation Appoints New CFO HOUSTON--(BUSINESS WIRE)--Sept. 24, 1998--In a move emphasizing its desire to strengthen its operating and executive team, the Board of Directors of American Eco Corporation (NASDAQ:ECGOF, TSE:ECX) announced today that they have appointed Mitchell Posner to the position of Executive Vice President, Chief Financial Officer and Director of Corporate Development. Mr. Posner joins American Eco from the investment banking firm of Legg Mason Wood Walker where he was Managing Director of the Industrial and Capital Goods sector. In that capacity, his focus was on finance, mergers and acquisitions and enhancement of shareholder value advising numerous Fortune 1000 companies Commenting on the appointment, Frank Fradella, President of American Eco stated, ''This appointment is integral to our previously announced program to improve our financial controls and reporting. Executing our strategic plan necessitates a transaction specialist who has broad experience in the capital markets and corporate development. Along with financial and legal expertise, Mitch brings these talents to American Eco.'' Mr. Posner is a graduate of Temple University, Rutgers Law School, and is a member of the Pennsylvania Bar. American Eco will release its earnings statement on Friday, October 2 as scheduled. Mitchell Posner replaces Bruce Tobecksen who is leaving the Company to pursue other interests. Mr. Tobecksen will remain available during the transition. American Eco is a leading North American provider of single-source industrial support and specialty fabrication services in the energy, pulp & paper, and power generating industries.