SOURCE: Eco-Safe Systems USA, Inc.

January 08, 2007 06:00 ET

Eco-Safe Systems USA, Inc. Releases Company Announcements

LOS ANGELES, CA -- (MARKET WIRE) -- January 8, 2007 -- Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) makes the following announcements relative to:

INCREASE IN DOMESTIC AND OFF SHORE MANUFACTURING CAPACITY

INCREASED PROFITS AND NET WORTH CREATED THROUGH THE ACQUISITION OF CALIFORNIA CORPORATION, ECO SAFE USA, INC.

AUDITED CERTIFIED FINANCIAL STATEMENTS TO BE PREPARED

Michael Elliot, President of Eco-Safe Systems USA, Inc., (the "Company") announced that the Company had executed a lease, effective February 1, 2007, doubling the size of its manufacturing facilities in Southern California. He noted that, "This step, together with current negotiations with off-shore manufacturers, represents a major effort to insure prompt delivery of new products to our expanding markets." He added that, "Further announcements regarding the execution of off-shore, low-cost supply agreements can be anticipated in the near future."

It was also announced that the Board of Directors of Eco-Safe Systems USA, Inc., at a meeting held on December 26, 2006, voted to acquire 100% of the California corporation, Eco Safe USA, Inc. The California corporation, wholly owned by Michael Elliot, the President Eco-Safe Systems USA, Inc. was acquired on a share exchange, no-cash basis. Mr. Elliot, a Board member, abstained from voting on the acquisition.

As a result of the acquisition, it is anticipated that the Company will show an increase in sales for 9 months of $416,519 and an increase in net income of $151,449. The transaction is subject to compliance with all State and Federal Securities laws, as interpreted by the securities counsel retained by the Company.

Eco-Safe Systems USA, Inc. also announced that the Company has entered into a contract with the well known California CPA firm, Mendoza Berger Company, L.L.P., for the preparation in the first quarter of 2007, of audited certified financial statements of Eco-Safe Systems USA, Inc. Mr. Elliot commented that, "The objective of this step is to provide our investors, suppliers and bankers with accurate, reliable and up-to-date financial information upon which to base their decisions relative to Eco-Safe Systems USA, Inc. It is intended that the first audited certified financial statement will reflect the acquisition of the California corporation, Eco Safe USA, Inc."

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

Contact Information

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    Eco-Safe Systems USA, Inc.
    Michael Elliot
    President
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