E.S.I. Environmental Sensors Inc.

E.S.I. Environmental Sensors Inc.

February 25, 2005 09:00 ET

ESI Announces Further Financing in Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: E.S.I. ENVIRONMENTAL SENSORS INC.

TSX VENTURE SYMBOL: ENV

FEBRUARY 25, 2005 - 09:00 ET

ESI Announces Further Financing in Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Feb. 25, 2005) - E.S.I.
Environmental Sensors Inc. ("ESI", "the Company") (TSX VENTURE:ENV) is
pleased to announce the closure of the final tranche of a private
placement, the majority of which qualifies for registration under the
terms of the Small Business Venture Capital Act ("The Act"). Previously,
on December 3rd, 2003, ESI announced that it had qualified as an
"Eligible Business Corporation ("EBC") and was authorised to raise
equity capital in accordance with the terms of the Act, which offers a
refundable tax credit to BC resident investors who make qualified
investments in ESI. This tranche represents an aggregate of 3,793,650
shares for gross proceeds of $379,365, issued on the same terms and is
part of a maximum of 10,000,000 share private placement previously
approved by the TSX Venture Exchange.

The company also announces that, subject to regulatory approval, it has
granted incentive stock options to its employees and directors for the
purchase of up to 1,975,000 shares exercisable for a period of 3 years
at a price of $0.10 per share. 40,000 incentive stock options and
927,000 warrants issued earlier have expired, unexercised, during the
current fiscal year.

ESI is a leading developer and manufacturer of patented and proprietary
systems for water management. ESI products have been successfully
introduced into over 40 countries to manage irrigation systems, monitor
water quality, the integrity of landfill covers, and most recently into
the Oil & Gas sector to measure the volumetric presence of water pumped
from producing oil wells. Environmental managers and scientists have
adopted ESI proprietary technology because of its accuracy, ease of use
and ability to operate in challenging conditions. ESI is publicly traded
on the TSX Venture Exchange under the symbol "ENV". Further information
about ESI may be obtained through the Company's website at
http://www.esica.com.



On behalf of the Board of Directors

(signed)

Gail Gabel
Director
E.S.I. Environmental Sensors Inc.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    E.S.I. Environmental Sensors Inc.
    Robert Young
    Investor Relations
    (604) 682-5123 or 1 (877) 626-2121
    www.esica.com
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.