<PAGE>
CUSIP NO. 705499-101 Page 1 of 14 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
AMENDMENT NUMBER 1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Peerless Manufacturing Company
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- ------------------------------------------------------------------------------
(Title of Class of Securities)
705499-101
----------------------------------------
(CUSIP Number)
Ceco Environmental Corp.
505 University Avenue, Ste. 1900
Toronto, Ontario CANADA M5G 1X3
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 2, 2000
------------------------------------------------------------
(Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisitions which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The Remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
t be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the act (however, see the
Notes).
<PAGE>
_______________________________________________________________________________
CUSIP NO. 705499-101 SCHEDULE 13D Page 2 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CECO Environmental Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 149,500 shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | |
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 149,500 shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| |
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 SCHEDULE 13D Page 3 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Icarus Investment Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | |
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 149,500 shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| |
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 149,500 shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 SCHEDULE 13D Page 4 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phillip DeZwirek
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian Citizen
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 0
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 149,500 shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 0
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 149,500 shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 SCHEDULE 13D Page 5 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jason Louis DeZwirek
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian Citizen
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | |
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 149,500 shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| |
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 149,500 shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 SCHEDULE 13D Page 6 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Can-Med Technology, Inc. d/b/a Green Diamond Oil Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | |
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 149,500 shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| |
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 149,500 shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 SCHEDULE 13D Page 7 of 14 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IntroTech Investments, Inc.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | |
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 149,500 shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| |
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 149,500 shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,500 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
<PAGE>
CUSIP NO. 705499-101 Page 8 of 14 Pages
SCHEDULE 13-D
PEERLESS MFG. CO.
Amendment Number 1
Filed by CECO Environmental, Inc. ("CEC"),
Phillip DeZwirek, Jason Louis DeZwirek,
Icarus Investment Corp. ("Icarus"),
IntroTech Investments, Inc. ("IntroTech") and
Can-Med Technology, Inc. d/b/a Green Diamond Oil Corp. ("Green Diamond")
Items 2, 4 & 5 Inclusive for CECO Environmental Corp.
Item 2. Identity and Background:
(c) Principal Business: Ownership of all of the stock of
Ceco Group, Inc. The address of CEC's principal
business and its principal office is the address
given in Item 2(b).
Item 4. Purpose of Transaction:
CEC sold the common stock of the Issuer for purposes of
decreasing its holdings in Issuer. CEC is currently holding
stock of Issuer for investment purposes. CEC does not have an
intent to acquire additional securities of the Issuer for
purposes of acquiring the majority or all of the stock of
Issuer.
Item 5. Interest in Securities of the Issuer.
(a) CEC owns all of the 149,500 shares of Issuer directly,
which is 10.22% of the outstanding common stock of Issuer.
(b) CEC has sole voting power and sole dispositive power with
respect to such 149,500 shares of common stock of Issuer.
(c) In the past sixty days, CEC has made the following open
market transactions in the Issuer's stock, all effectuated in
its account at Taurus Capital Markets located in Toronto,
Ontario:
Sales - DATE - 2000 # OF SHARES SHARE PRICE
----------- ----------- -----------
January 5, 2000 400 $12.375
January 10, 2000 1,600 $12.250
January 12, 2000 1,000 $12.250
January 18, 2000 1,900 $13.250
January 19, 2000 1,000 $13.500
January 19, 2000 1,000 $13.500
January 19, 2000 1,000 $13.625
January 20, 2000 1,000 $14.500
January 24, 2000 1,000 $14.125
January 24, 2000 1,000 $13.562
January 28, 2000 1,000 $14.187
January 28, 2000 1,500 $14.500
January 28, 2000 1,500 $14.250
February 2, 2000 1,000 $14.500
February 3, 2000 2,000 $14.500
February 10, 2000 1,000 $14.750
February 10, 2000 1,000 $14.875
February 14, 2000 1,500 $15.250
February 14, 2000 1,500 $15.500
February 14, 2000 1,500 $15.000
February 14, 2000 2,000 $15.625
February 14, 2000 2,000 $15.625
Items 3 and 5 inclusive for Icarus Investment Corp.
<PAGE>
CUSIP NO. 705499-101 Page 9 of 14 Pages
Item 3. Source and Amount of Funds or Other Considerations.
Icarus indirectly owns the 149,500 shares of Issuer
owned by CEC by virtue of directly owning 15.9% of
the shares of CEC and indirectly owning 10.65% of the
shares of CEC through its beneficial ownership of
Green Diamond, which entity owns warrants to purchase
1,000,000 shares of CEC. See CEC's response to Item 3
herein. Icarus owns 50.1% of the shares of Green
Diamond.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 15.9% of the outstanding stock of
CEC directly and 10.65% indirectly through its 50.1%
ownership of Green Diamond, Icarus beneficially owns
the 149,500 shares of common stock of Issuer owned by
CEC, which is 10.22% of the outstanding shares of
Issuer.
(b) By virtue of owning 15.9% of the outstanding stock of
CEC directly and 10.65% of the outstanding stock of
CEC indirectly through its ownership of Green
Diamond, Icarus has shared voting power and shared
dispositive power with respect to the 149,500 shares
of common stock of Issuer owned by CEC. Such powers
are shared with the other shareholders of CEC.
Items 3 and 5 Inclusive for Phillip DeZwirek.
Item 3. Source and Amount of Other Considerations.
Mr. DeZwirek owns 50% of the outstanding stock of Icarus,
5,497 shares of common stock of CEC directly, and Warrants to
purchase 2,250,000 shares of common stock of CEC. See CEC's
and Icarus' responses to Item 3 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 41.36% of the outstanding stock
of CEC (including the warrants to purchase 2,250,000
shares of common stock), Mr. DeZwirek beneficially
owns the 149,500 shares of common stock of Issuer
owned by CEC. Mr. DeZwirek owns 18.55% of the
outstanding stock of CEC indirectly through his
direct ownership of 50% of the stock of Icarus and
owns 22.8% of the outstanding stock of CEC directly
(including as outstanding the securities underlying
the warrants to purchase 2,250,000 shares of common
stock).
(b) Mr. DeZwirek has shared voting power and shared
dispositive power with respect to the 149,500 shares
of common stock of Issuer owned by CEC as a result of
his position as a director of CEC and by virtue of
owning 41.36% of the outstanding stock of CEC
(including as outstanding the securities underlying
the warrants to purchase 2,250,000 shares of common
stock). Mr. DeZwirek owns shares of Issuer indirectly
through his 50% ownership of Icarus (which entity
owns 15.9% of the outstanding common stock of CEC
directly (including as outstanding the shares of
common stock underlying Mr. DeZwirek's warrants) and
10.65% of the outstanding stock of CEC indirectly
through its 50.1% ownership in Green Diamond
(including as outstanding the shares of common stock
underlying Green Diamond's warrants to purchase
1,000,000 shares of CEC)). Mr. DeZwirek also owns
shares of Issuer common stock indirectly through his
direct ownership of 22.8% of the outstanding common
stock of CEC (including as outstanding the securities
underlying the warrants to purchase 2,250,000 of
common stock). Mr. DeZwirek is the Chief Executive
Officer, Chief Financial Officer and a director of
CEC.
Item 5 Inclusive for Jason Louis DeZwirek.
<PAGE>
CUSIP NO. 705499-101 Page 10 of 14 Pages
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 41.89% of the stock of CEC, Mr.
DeZwirek beneficially owns the 149,500 shares of
common stock of Issuer owned by CEC. Mr. DeZwirek
owns such outstanding stock of CEC indirectly through
his direct ownership of 50% of the stock of Icarus
and through his ownership of all the stock of
IntroTech.
(b) By virtue of owning 41.89% of the stock of CEC, Mr.
DeZwirek has shared voting power and shared
dispositive power with respect to the 149,500 shares
of common stock of Issuer owned by CEC. This power
applies to all of the share of Issuer owned
indirectly by Mr. DeZwirek. Mr. DeZwirek owns those
shares indirectly through his 50% ownership of Icarus
(which entity owns 15.9% of the outstanding common
stock of CEC directly (including as outstanding the
shares of common stock underlying Mr. DeZwirek's
warrants) and 10.65% of the outstanding stock of CEC
indirectly through its 50.1% ownership in Green
Diamond (including as outstanding the 1,000,000
shares of common stock underlying Green Diamond's
warrants)). Such powers are shared with the other
shareholders of CEC.
Items 3 and 5 Inclusive for IntroTech Investments, Inc.
Item 3. Source and Amount of Funds or Other Considerations.
By virtue of IntroTech owning 19.0% of CEC, IntroTech
beneficially owns the 149,500 shares of Issuer owned by CEC.
See CEC's response to Item 3.
<PAGE>
CUSIP NO. 705499-101 Page 11 of 14 Pages
Item 5. Interest in Securities of the Issuer.
(a) By virtue of IntroTech owning 19.0% of CEC, IntroTech
beneficially owns the 149,500 shares of common stock
of Issuer owned by CEC. IntroTech owns all of such
shares indirectly through its direct ownership of
common stock of CEC.
(b) By virtue of IntroTech owning 19.0% of CEC IntroTech
has shared voting power and shared dispositive power
with respect to the 149,500 shares of common stock of
Issuer owned by CEC. Such powers are shared with the
other shareholders of CEC.
Items 2-6 Inclusive for Green Diamond
Item 2. Identity and Background:
(a) Can-Med Technology d/b/a Green Diamond Oil Corp., an
Ontario corporation
(b) Address of Principal Business:
505 University Ave., Ste. 1400
Toronto, Ontario M5G 1X3
(c) Principal Business: private investor. The address of
CEC's principal business and its principal office is
the address given in Item 2(b) above.
(d) Green Diamond has not been involved in any criminal
proceedings.
(e) Green Diamond has never been a party to any civil
judicial or administrative proceeding in which there
has been any finding of any violation of any federal
or state securities laws.
Item 3. Source and Amount of Funds or Other Considerations:
Green Diamond indirectly owns the 149,500 shares of Issuer by
virtue of owning 10.65% of the shares of CEC (including as
outstanding the shares of common stock underlying Green
Diamond's warrants to purchase 1,000,000 shares of CEC). See
CEC's response to Item 3.
Item 4. Purpose of Transaction:
Green Diamond acquired the common stock of the Issuer for the
same purpose as CEC. See CEC's response to Item 4 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 10.65% of the outstanding stock
of CEC (including its warrants to purchase 1,000,000
shares of common stock), Green Diamond beneficially
owns the 149,500 shares of common stock of Issuer
owned by CEC. Green Diamond owns all of such shares
indirectly through its direct ownership of warrants
to purchase 1,000,000 shares of the common stock of
CEC.
(b) By virtue of owning 10.65% of the outstanding stock
of CEC, Green Diamond has shared voting power and
shared dispositive power with respect to the 149,500
shares of common stock of Issuer. Such powers are
shared with the other shareholders of CEC.
<PAGE>
CUSIP NO. 705499-101 Page 12 of 14 Pages
(c) See CEC's response in Item 5(c) herein.
(d) Icarus owns 50.1% of the outstanding stock of Green
Diamond. Jason DeZwirek and Phillip DeZwirek control
Icarus, each owning 50% of the outstanding stock of
Icarus. Green Diamond, Mr. Phillip DeZwirek and Mr.
Jason Louis DeZwirek are the only persons who are
known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds
of the sale of, the shares of common stock of CEC
underlying the warrants to purchase 1,000,000 shares
of CEC owned by Green Diamond.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
A joint filing statement is filed as an exhibit to this
Schedule 13D.
<PAGE>
CUSIP NO. 705499-101 Page 13 of 14 Pages
Signatures.
After reasonable inquiry and to the best of our knowledge and belief,
and undersigned certify that the information set forth in this statement is
true.
February 24, 2000
CECO ENVIRONMENTAL CORP.
By: /s/ Phillip DeZwirek
---------------------------------
Phillip DeZwirek
Chief Executive Officer
ICARUS INVESTMENT CORP.
By: /s/ Phillip DeZwirek
---------------------------------
Phillip DeZwirek
Chief Executive Officer
/s/ Phillip DeZwirek
------------------------------------
Phillip DeZwirek
By: /s/ Jason Louis DeZwirek
---------------------------------
Jason Louis DeZwirek
Chief Executive Officer
INTROTECH INVESTMENTS, INC.
By:/s/ Jason Louis DeZwirek
---------------------------------
Jason Louis DeZwirek
Chief Executive Officer
CAN-MED TECHNOLOGY, INC. D/B/A GREEN
DIAMOND OIL CORP.
By:/s/ Phillip DeZwirek
---------------------------------
Phillip DeZwirek
Chief Executive Officer
<PAGE>
CUSIP NO. 705499-101 Page 14 of 14 Pages
EXHIBIT TO AMENDMENT NO. 1 TO SCHEDULE 13D
OF
CECO ENVIRONMENTAL, INC.
ICARUS INVESTMENT CORP.
PHILLIP DEZWIREK
INTROTECH INVESTMENTS, INC.
JASON LOUIS DEZWIREK
AND
CAN-MED TECHNOLOGY, INC. D/B/A GREEN DIAMOND OIL CORP.
JOINT FILING AGREEMENT
CECO Environmental, Inc. ("CEC"), Icarus Investment Corp. ("Icarus"),
Phillip DeZwirek ("DeZwirek"), IntroTech Investments, Inc. ("IntroTech"), Jason
Louis DeZwirek ("JLD") and Can-Med Technology, Inc. d/b/a Green Diamond Oil
Corp. ("Green Diamond") hereby agree that the Schedule 13D to which this
statement is attached is filed on behalf of CECO, Icarus, DeZwirek, IntroTech,
JLD and Green Diamond and that any amendments to this Schedule 13D may be filed
on behalf of CEC, Icarus, IntroTech, DeZwirek, JLD and Green Diamond.
CECO ENVIRONMENTAL, CORP.
By: /s/ Phillip DeZwirek
----------------------------------
Phillip DeZwirek
Chief Executive Officer
ICARUS INVESTMENT CORP.
By: /s/ Phillip DeZwirek
----------------------------------
Phillip DeZwirek
Chief Executive Officer
/s/ Phillip DeZwirek
-------------------------------------
Phillip DeZwirek
/s/ Jason Louis DeZwirek
-------------------------------------
Jason Louis DeZwirek
INTROTECH INVESTMENTS, INC.
By: /s/ Jason Louis DeZwirek
----------------------------------
Jason Louis DeZwirek
Chief Executive Officer
CAN-MED TECHNOLOGY, INC. D/B/A GREEN
DIAMOND OIL CORP.
By: /s/ Phillip DeZwirek
----------------------------------
Phillip DeZwirek
Chief Executive Officer
