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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (11558)	2/8/1999 10:08:00 AM
From: Mr.Manners	Read Replies (1) \| Respond to of 25711

ECIC Eagle Capital International, Ltd. Announces Stock Lock-up Agreement Business Wire - February 08, 1999 09:24 SALT LAKE CITY--(BUSINESS WIRE)--Feb. 8, 1999--Eagle Capital International, Ltd. (OTC BB:ECIC) President Douglas Alan Dent announced that shareholders representing over 80% of the company's common stock (1,997,918 shares outstanding) have consented to a lock up agreement for a period not to exceed 18 months. The Board of Directors has become aware of a recommendation by a national brokerage firm to short all Bulletin Board stocks in light of the recent changes in corporate reporting requirements, and feels that the company's stock has been the target of such attacks. The lock-up agreement should give investors and potential investors confidence that a majority of the company's shareholders are optimistic about the company's long-term prospects. As a reporting company, Eagle is already subject to full disclosure of its business developments and financial data and expects to file its Form 10KSB on time, as usual. The company recently completed its acquisition of the assets of IMSI Cap Fund, Inc., as planned, by issuing shares of its Series A Preferred Stock. IMSI Cap Fund, Inc., an affiliated company of IMSI, Ltd., has the right to market IMSI's patented building products, to use the products in development projects anywhere in the world where it would not compete with IMSI's own ventures, and to participate in IMSI's Joint Cooperative Ventures worldwide by providing capital funding for those projects. CONTACT: Eagle Capital International Gino Cardinal, 604/270-7718