CECO Environmental Announces $10 Million in New Business

Date : 06/18/2008 @ 7:52AM
Source : PR Newswire
Stock : Ceco Environmental (MM) (CECE)
Quote : 2.37  -0.38 (-13.82%) @ 3:54PM
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CECO Environmental Announces $10 Million in New Business

CINCINNATI, June 18 /PRNewswire-FirstCall/ -- CECO Environmental Corp. (NASDAQ:CECE), a leading provider of air pollution control and industrial ventilation systems, announced today that it has received new orders totaling approximately $10 million.

Rick Blum, President and Chief Operating Officer, stated, "$6.5 million of this business involves seven new orders which come from the refinery, foundry, ethanol, glass, power, chemical, and steel industries. They were secured by our Fisher-Klosterman, GMD, CECO Abatement, Kirk & Blum, and Effox subsidiaries. The rest of the orders come from a wide variety of industries. One of them was received by our H.M. White subsidiary, one by CECO Filters, and one by Fisher-Klosterman's Shanghai operation."

Phillip DeZwirek, Chairman and Chief Executive Officer, stated, "The wide variety of industries from which our business is coming is yet another indication that the horizontal integration aspect of our strategy has had the desired effect of broadening our customer base. We will continue to pursue this strategy."

ABOUT CECO ENVIRONMENTAL

CECO Environmental Corp. is North America's largest independent air pollution control company. Through its ten subsidiaries -- Busch, CECOaire, CECO Filters, CECO Abatement Systems, kbd/Technic, Kirk & Blum, H.M. White, Inc., Effox, GMD Environmental and Fisher-Klosterman -- CECO provides a wide spectrum of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems. CECO is a full-service provider to the steel, military, aluminum, automotive, ethanol, aerospace, electric power, semiconductor, chemical, cement, metalworking, glass, foundry and virtually all industrial process industries.

For more information on CECO Environmental, please visit the company's website at http://www.cecoenviro.com/ .

Contact: Corporate Information Phillip DeZwirek, CECO Environmental Corp.

Email: 1-800-606-CECO (2326)

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward- looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in CECO's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operates. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.

DATASOURCE: CECO Environmental Corp.

Contact: Phillip DeZwirek of CECO Environmental Corp.,

+1-800-606-CECO (2326),

Web site: http://www.cecoenviro.com/

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