Consolidated Ecoprogress Technology Inc.
TSX VENTURE : CES

Consolidated Ecoprogress Technology Inc.

June 14, 2005 14:10 ET

Ecoprogress Receives CDN $723,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2005) - Consolidated Ecoprogress Technology Inc. (TSX VENTURE:CES) is pleased to report that the company has raised $483,000 through the exercise of warrants pursuant to two financing done in the last year. In addition, the company has recently completed a $240,000 private placement. The funds will be used to provide raw materials in our expanding supply chain, attract industry specific personnel, fund development of additional product lines, and product placement. In retrospect, the company is now completing a full corporate turnaround.

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 a flushable feminine hygiene alternative 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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