American Eco SRS Subsidiary Commences Resource Recovery in Saudi Arabia.HOUSTON--(BUSINESS WIRE)--June 20, 1997--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. CORPORATION (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ECX., 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.) announced that its Separation and Recovery Systems, Inc. (SRS SRS, SRS-A see slow-reacting substance. ) subsidiary will commence resource recovery operations in the Kingdom of Saudi Arabia. Gibca-SRS, a joint venture company located in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. has formed a tripartite alliance with Saudi chartered company Anabeeb to provide SAREX SAREX Shuttle Amateur Radio Experiment (now Space Amateur Radio Experiment) SAREX Search And Rescue Exercise SAREX Space Amateur Radio Experiment (formerly Shuttle Amateur Radio Experiment) Process services within the Kingdom of Saudi Arabia. Gibca-SRS has been awarded its first operating contract for resource recovery at the Aramco Yanbu refinery. The agreement with Aramco prohibits disclosure of financial arrangements. SRS partner Gibca Petroleum Services owned by Shaikh Khalid Bin Saqr Al Qassimi, is a division of Gibca Group which provides industrial and construction services, manufacturing, and distribution of consumer products throughout the United Arab Emirates and the Gulf States. The alliance with Anabeeb, provides Gibca-SRS with a 500 employee operating infrastructure in the Kingdom of Saudi Arabia. The transaction includes the sale of SAREX Process equipment by Separation and Recovery Systems, Inc. to the joint venture company Gibca-SRS. The SAREX process is cutting edge technology utilized in refinery and chemical plants for the recovery of valuable oil resources and for the remediation of contaminated industrial sites. The SRS SAREX Process is field proven over the past ten years, and has been utilized in the United States, Mexico, Australia, Taiwan, and South Africa. Michael E. McGinnis, Chairman, President & 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, stated, "As middle eastern gulf states expand beyond oil production and into downstream product manufacturing, requirements for resource recovery and environmental controls will become increasingly important. American Eco has positioned itself to provide specialized resource recovery and environmental services to meet the intensifying demand." American Eco is a leading North American provider of single-source construction, management, maintenance, engineering and environmental remediation services in the refining, petrochemical, utility, forest products and offshore manufacturing industries. CONTACT: Separation and Recovery Systems, Inc. Joseph DeFranco, 714/261-8860 or American Eco Corporation - Houston, Texas Cindy Jackson, 888/774-3246 |
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