American Eco Executive Appointment for Environmental Division.HOUSTON, Texas--(BUSINESS WIRE)--May 24, 1996--AMERICAN ECO E·co , Umberto Born 1932. Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture. CORP.(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ECGOF TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ECX ECX European Climate Exchange ECX E-Commerce Exchange ECX eCatalog XML ECX Extended Count Register ECX Electronically Controlled Telephone Exchange ECX Extrusion-Cast Explosive (fine-grain) ECX Experimental Concentration - Percent ) AMERICAN ECO CORPORATION announced that it has appointed Don Scott as Vice-President and General Manager of Eco Environmental Inc. EEI EEI Edison Electric Institute EEI Estación Espacial Internacional (Spanish: International Space Station) EEI Electrical and Electronics Institute (Thailand) EEI Electro Energy, Inc. is the American Eco Division which recently launched an Emergency Response Unit, to add to its services for removal of asbestos and lead from commercial buildings as well soil remediation for petrochemical customers. Mr. Scott had previously been responsible for supervising the majority of the division's field contracts. He will be located at the Company's Houston offices. At the Annual Shareholders meeting on April 25th, in Toronto, Michael E. McGinnis, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Eco, announced, "The growth of current operating divisions from $46.7 million in 1995 are expected to top $71.3 million for fiscal 1996, with an additional $129.0 million from current and announced acquisitions, including the Offer to acquire Industra Service Corporation listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . The expected total revenues of $200.0 million are expected to sustain a fourth year of doubling earnings per share to $0.80." American Eco also announced that it had completed a private placement for 900,000 units consisting of 900,000 common shares at $C 8.22 per share, and a 1/2 share Warrant exerciseable at $C 8.22 per whole share until January 31, 1998. These funds will be used for working capital purposes. These securities have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. AMERICAN ECO is a leading provider of single source construction, project management, maintenance, demolition, dismantlement and environmental remediation services in the refining, petrochemical, government, commercial, manufacturing, and utility industries. CONTACT: American Eco Corporation Michael E. McGinnis, 713/647-0505 or American Eco Corporation John C. Pennie, 416/340-2727 |
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