AMERICAN ECO SELLS NON-OPERATING ASSETS.

HOUSTON--(BUSINESS WIRE)--May 23, 1995-- AMERICAN ECO CORPORATION announced it has signed a Letter of Intent with Longview Industries Inc., of Dallas to sell the non-operating assets of its Action Machine Shop in Port Arthur, Texas. Action Machine Shop is a subsidiary of ECO's C.A. Turner Construction division.

Upon closing of the above transaction, American Eco expects to post an extraordinary gain of US$300,000 or US$0.04 per share in the third quarter ending August 31, 1995. "The sale of Action Machine Shop is planned to eliminate duplication in equipment and services which will improve productivity," stated Michael McGinnis, American Eco President & CEO. C.A. Turner provides maintenance services to the petrochemical industries in the Texas golden triangle. The closing of the transaction is subject to ratification of the Board of Directors of Longview Industries upon completion of due diligence by the purchaser.

American Eco reported Net Income of US$483,000 or US$0.07 per share for the three months ended February 28, 1995 on first quarter 1995 revenues of US$11.0 million. Net Income of US$904,000 or US$0.15 per share for the year ended November 30, 1994 were reported on revenues of US$34.9 million. The quarterly results are unaudited. AMERICAN ECO CORPORATION is a leading provider of single source construction, project management, maintenance, demolition, and environmental remediation. ECO's clients are in the refining, petrochemical, government, commercial, manufacturing and utility industries.

CONTACT: Michael E. McGinnis, (Houston), 713/647-0505

or

J.C. Pennie, (Toronto), 416/340-2727