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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update -- Ignore unavailable to you. Want to Upgrade?

To: Steve Johnston who wrote (218)	10/3/1998 10:15:00 AM
From: J. Kerr	Read Replies (2) \| Respond to of 340

From today's Globe and Mail Report on Business: "ELI Eco Logic Inc. has hired Wood Gundy Securities Inc. to explore strategic options, including a possible sale of the company. Eco Logic, which destroys hazardous waste, has not been able to complete an alliance with an unidentified engineering and construction company, chief executive officer Fred Arnold said yesterday. He also said Eco Logic, based in Rockwood, Ont., has received a new contract from Orica Australia Pty. Ltd. to destroy a large stockpile of hexachlorobenzene waste. Eco Logic cannot reveal the size of the contract at Orica's request, but Mr. Arnold said it is the largest his company has received. To complete the project, Mr. Arnold said Eco Logic must line up new financing or find a buyer with available financing." Regards. Joe