American ECO lists on Nasdaq.

HOUSTON--(BUSINESS WIRE)--Nov. 9, 1995--AMERICAN ECO CORP.(AMEX: ECG TSE: ECX ) AMERICAN ECO CORPORATION announced it will move its United States listing to the NASDAQ National Market, effective Thursday November 16th, 1995. The new trading symbol will be AECOF. American Eco will continue to maintain a dual listing as ECX on the Toronto Stock Exchange.

Michael E. McGinnis, President and CEO of American Eco stated, "During the last 3 years American Eco has moved from a turnaround, doubling its profits annually through consistent growth of revenue, 95 percent of which is now generated in the United States. Sales are estimated to reach US$40.0 million in the year end at November 30, 1995. American Eco believes that the NASDAQ National Market will provide the Company with a group of market makers that will expand the capital base available to support its plans for acquisition."

American Eco recently announced an increase of 50 percent for Net Income to US$1,879,000 or US$0.27 per share on an average of 6,951,591 shares, for the nine months ended August 31, 1995, compared to US$1.2 million or $0.21 per share on 5,932,590 shares for the same period in 1994. Revenues for the nine months of 1995 reached US$27.4 million. Shareholders equity reached US$13.7 million on assets of US$25.2 million. The above results are unaudited.

On October 18th, 1995, American Eco announced its acquisition of the Lake Charles Group of Louisiana to geographically expand its activities in the petrochemical market.

AMERICAN ECO CORPORATION, is a leading provider of project management, maintenance, demolition, dismantlement and environmental remediation services in the refining, petrochemical, government, commercial, manufacturing, and utility industries.

CONTACT: Stuart Taft, Summit Financial

800/790-9148

or

813/669-0688