Consolidated Ecoprogress Technology Inc.
TSX VENTURE : CES

Consolidated Ecoprogress Technology Inc.

October 25, 2005 18:27 ET

Ecoprogress Raises $400,350

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2005) - Consolidated Ecoprogress Technology Inc. (TSX VENTURE:CES) -

Mr John Banks reports:

Consolidated Ecoprogress Technology Inc. is pleased to announce that it has completed the private placement of 2,669,001 units previously announced on August 12, 2005. Each unit was sold at a price of $.15 and consisted of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at an exercise price of $.18 at any time prior to October 18, 2006.

There were no finder's fees paid in connection with this private placement.

The common shares and share purchase warrants issued as part of the private placement are subject to a hold period until February 18, 2006

The proceeds of this private placement will be used by the company as working capital, to fund raw materials and for the production of inventory.

Flushaway™ liners and pads 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 on their way to the United States Marine Corps worldwide and soon to in over 3,000 convenience store locations in California.

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.

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