Consolidated Ecoprogress Technology Inc.
TSX VENTURE : CES
PINK SHEETS : CEPGF

Consolidated Ecoprogress Technology Inc.

August 10, 2007 09:00 ET

Consolidated Ecoprogress Technology Inc.: Flushaway Production Outsourced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2007) - Consolidated Ecoprogress Technology Inc. (TSX VENTURE:CES)(PINK SHEETS:CEPGF) -

Mr. John Banks reports:

Consolidated Ecoprogress Technology Inc. ("Ecoprogress") today announced the signing of an outsourcing agreement with April Project I Corp., a Florida corporation ("API"), for the exclusive worldwide production and delivery of the Flushaway® brand of biodegradable and flushable feminine hygiene products. The rights to use pending and approved patents, certain intellectual property and necessary intellectual property not owned by Ecoprogress are included.

This transaction is aimed at providing financial benefit to Ecoprogress by reducing the demand on limited Company resources. It will also allow Flushaway® to more efficiently finance product manufacturing and shipping, allowing Ecoprogress to focus on marketing and distribution of product in its current markets. Certain CET personnel will either move or be seconded to API as part of this agreement.

This is the second agreement with API that will ultimately provide CET royalties of 5%, an initial sum of US$300,000 in cash and a $5,000,000 note payable to CET. API has already paid CET US$25,000 in consideration of the sales and marketing agreement.

Flushaway® pads and liners are now carried in K-Mart in the US, and Coles and Priceline in Australia. Product is also available in South Africa, the US Marines Corps worldwide and Bonjour in Hong Kong.

Ecoprogress is diligently working on becoming a lead player in environmentally friendly, absorbent and plastic replacement products. Its first branded product, Flushaway™, provides women with the choice of a flushable feminine hygiene product.

ON BEHALF OF THE BOARD OF DIRECTORS

John Banks, CEO and President

Consolidated Ecoprogress Technology Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the TSX-V and on SEDAR.

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

Contact Information

  • Consolidated Ecoprogress Technology Inc.
    John Banks
    CEO and President
    (604) 738-7015 or Toll Free: 1-888-326-7764
    (604) 738-7051 (FAX)
    Email: ir@flushaway.com
    Website: www.flushaway.com