American Eco acquires Corpus Christi firm.HOUSTON--(BUSINESS WIRE)--March 14, 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) AMERICAN ECO CORPORATION as part of its strategy to establish a single source solution for the petrochemical, refinery and utility industries, has acquired 100 percent of the shares of Environmental Evolutions, Inc., ("EEI") of Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. , in exchange for 400,000 common shares of American Eco. EEI sales which exceed US$12.0 million, have been doubling each year, through key customers including Central Power & Light Company and City Public Service of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . EEI now provides a broad base of emergency spill response services to the pipeline and transportation industries for the entire Gulf Coast area, enhancing American Eco's service to its existing refinery and petrochemical plant customers. EEI founder, 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. , Jim Wright, as well as, Aaron Fine, Vice-President, have entered into long term management contracts to continue to operate EEI as a separate profit center of American Eco. AMERICAN ECO'S EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. have more than doubled in each of the last three years when the year ended November 30th, 1995, tripled Net Income to US$2.9 million or US$0.40 per share compared to US$0.9 million or US$0.15 per share in 1994. Revenues in 1995 reached US$46.7 million, up 34 percent. Over 98 percent of American Eco revenues are now generated in the US market. The above results are audited. AMERICAN ECO announced on January 31st, the acquisition of Petrocan Construction Resources of Beaumont, Texas. On October 18, 1995, American Eco announced its acquisition of The Lake Charles Group of Louisiana with US$45.0 million worth of construction in progress. AMERICAN ECO's acquisition are part of a coordinated strategy to expand geographically as 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: Summit Financial Marketing Stuart Taft, 813/669-0688 |
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