HydraLogic Systems Inc.

HydraLogic Systems Inc.

January 05, 2005 09:07 ET

HydraLogic Corporate Up-Date


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HYDRALOGIC SYSTEMS INC.

TSX VENTURE SYMBOL: HLS

JANUARY 5, 2005 - 09:07 ET

HydraLogic Corporate Up-Date

BARRIE, ONTARIO--(CCNMatthews - Jan. 5, 2005) - HydraLogic Systems Inc.
(TSX VENTURE:HLS) is pleased to announce important additions to its
management team. Mr. Joseph E. Young, P. Eng is joining the Company as
Executive Vice President and Chief Operating Officer. Mr. Young has a
wide range of experience in both the technical and managerial aspects of
environmental engineering and is a member of the Professional
Engineering Associations in the Provinces of Ontario and Alberta. Prior
to joining HydraLogic, where he will assume overall responsibility for
day to day operations, Mr. Young was Vice-President of the
Environmental, Water and Wastewater Division of Earth Tech Canada.

HydraLogic is also pleased to announce the recent addition of Mr. Peter
Wright, as Controller for the corporation. Prior to joining HydraLogic,
Mr. Wright was the Chief Financial Officer for a large agricultural
co-operative with sales in excess of $60 million annually.

HydraLogic Systems Inc. has completed an initial sale of 1,932,500 units
under its previously announced private placement of units, each unit
consisting of one common share and one-half of one share purchase
warrant. Final closing of this financing will occur in early January,
2005. Kingsdale Capital Markets Inc. is acting as agent of the Company
in this offering.

About HydraLogic Systems Inc. www.hydralogic.ca

HydraLogic Systems Inc. is an environmental technology company that is
focused on the replacement of harmful polluting chemicals with non-toxic
environmentally responsible solutions. Its technologies are being
commercialized through distribution partnerships with leading regional,
national and international companies with clientele in the waste
management, pest control and agricultural products industries.

This press release may contain forward-looking statements and involve
known and unknown risks, uncertainties and other factors that may cause
the Company's actual results, performance or achievements to be
materially different from the results, performance or achievements
expressed or implied by the forward-looking statement. Factors that
impact such forward-looking statements include, among others, changes in
general economic conditions, interest rates, government regulations, and
competition. The Company disclaims any intention or obligation to update
or revise any forward-looking statements unless required by applicable
law.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    HydraLogic Systems Inc.
    Bruce Clark
    Chief Financial Officer
    705-735-9535
    info@hydralogic.ca
    The TSX VENTURE EXCHANGE has neither approved nor disapproved the
    contents of this press release.