SOURCE: Ecoloclean Industries, Inc.

March 27, 2007 15:06 ET

Ecoloclean Industries, Inc. Announces Debt Reduction of $2,019,139.00

CRYSTAL CITY, TX -- (MARKET WIRE) -- March 27, 2007 -- Ecoloclean Industries, Inc. (PINKSHEETS: ECCI) announced that effective March 07, 2007 debt reduction of $2,019,139.00 was accomplished by the issuance of restricted shares of its common stock to its principal officer, director, Mr. Royis Ward and other individuals who had advanced operating funds to the Company.

Mr. Ward stated that management is of the opinion that this exchange of debt for restricted common stock of the Company will reduce the continuing interest charges being accrued on these loans and improve the Company's balance sheet. Our current goal is to now move forward with our accountants and auditors to file all our required SEC filings and refile for a bulletin board listing sometime within the 2nd quarter of 2007.

Further updates will be provided.

FORWARD-LOOKING SAFE HARBOR STATEMENTS: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties.

The Company assumes no obligation to update any of the forward-looking statements in this release.

ABOUT ECOLOCLEAN INDUSTRIES, INC.

Ecoloclean Industries, Inc. is the present owner of two wholly owned subsidiaries: Ecoloclean, Inc. and World Environmental Technologies, Inc. utilizing various remediation techniques and technologies. Ecoloclean Industries provides environmental waste remediation to treat and remove impurities in contaminated and/or polluted liquids and solids for a variety of industries including, but not limited to, refineries, paper mills, petroleum and petrochemical industries. Ecoloclean Industries has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources. For more information about the Company, please visit http://www.ecoloclean.com.

Contact Information

  • INVESTOR CONTACT
    Ecoloclean Industries, Inc.
    Royis Ward
    President and CEO
    OFF - 830-374-9100
    FAX - 830-374-0202