Consolidated Ecoprogress Technology Inc.
TSX VENTURE : CES

Consolidated Ecoprogress Technology Inc.

April 07, 2006 14:31 ET

Ecoprogress Completes $3,409,452 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 7, 2006) - Ecoprogress (TSX VENTURE:CES) is pleased to announce the closing of the 2nd Tranche of private placements for $381,952. The company has now completed the $3,409,452 financing, the largest in the company history.

The Company wishes to announce the following hold period expiry dates in respect of the 2nd tranche of the private placements announced on February 24, 2006 and the Over Subscription announced on March 15, 2006:

In respect of the shares issued a hold period with an expiry date of August 7, 2006 applies. The warrants will have an issuance date of May 1, 2006 and a hold period expiry date of September 2, 2006.

Consolidated Ecoprogress makes Flushaway™, the world's first and only line of flushable, biodegradable feminine hygiene products. Flushaway™ are currently available in 1,700 Wal Mart stores throughout the United States and soon to be in South Africa in Clicks and Pick 'n Pay stores. They are also now in use by the United States Marine Corps worldwide and are soon to be available in more than 1,400 Kmart stores in the United States. 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 that, after disposal, biodegrades in 28 days.

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 / 1-888-410-1994
    (604) 738-7051 (FAX)
    ir@flushaway.com
    www.flushaway.com