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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (2817)	5/5/1999 11:57:00 AM
From: TerriB	Read Replies (1) \| Respond to of 2841

News Release American Eco Outsourcing and Fabrication Contract Backlog Hits $300 million HOUSTON, May 5 /CNW-PRN/ - AMERICAN ECO CORPORATION (NASDAQ:ECGOF, TSE:ECX) announced that American Eco subsidiaries MM Industra and CCG, have received new contracts for US$10.3 million, pushing American Eco's total 1999 outsourcing and fabrication contract backlog to a record level of $300.0 million for the end of April period, up 20% over the same period in 1998. Each operating unit continues to see strong growth, particularly in the industrial service sector. Largest gainers are outsourcing services at the Turner Group, Chempower and Industra Service Corp of $130.0 million; Commercial construction of $80.0 million; and specialty manufacturing of $70.0 million; with other services of $20.0 million. American Eco's President & CEO, Michael E. McGinnis, stated, ''The turnaround in energy pricing has enhanced an already buoyant market for outsourcing and fabrication services, resulting in our current strong backlog. This trend is expected to continue.'' American Eco is a leading consolidator of outsourcing services to the energy, pulp & paper, power generation and retail industries. Except for the historical information in this News Release, the News Release includes forward looking statements that involve risks and uncertainties including, but not limited to quarterly fluctuations in results, the management of growth, competition and other risks. Actual results may differ materially from such information set forth herein. SOURCE American Eco Corporation CO: American Eco Corporation ST: Texas IN: ENV OIL PAP SU: CON 05/05/99 11:52 EDT prnewswire.com