Eurocontrol Technics Inc.
TSX VENTURE : EUO

Eurocontrol Technics Inc.

April 04, 2006 08:00 ET

Eurocontrol Closes Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - April 4, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Eurocontrol Technics Inc. (TSX VENTURE:EUO) has closed a non-brokered private placement through the issuance of 769,231 Units at $0.65 per Unit for gross proceeds of $500,000.15. Each Unit consists of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase a common share at a price of $0.81 until April 3, 2008. Each of the common shares and warrants is subject to a hold period that will expire on August 4, 2006.

Eurocontrol is a Canadian-based public company in the process of earning a 51% interest in Global Fluids International SA ("GFI"), a world leader in developing and implementing innovative marking systems for the global oil industry. Through GFI's proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a marker, injection, monitoring and control components. GFI's innovative-patent-pending authentication solutions include various proprietary components that meet the needs of petrol distributors internationally. GFI has offices in Austria, Israel, Mexico and the US, and its R&D centre is based in Israel.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Eurocontrol Technics Inc.

Eurocontrol Technics Inc. a Canadian-based company trading on the TSX Venture Exchange under the symbol "EUO." Eurocontrol is currently a minority owner of Global Fluids International S.A. (www.gfi-petromark.com) and is earning into a 51% interest (see press release dated November 10, 2005).

About Global Fluids International S.A.

Founded in 2001, Global Fluids International S.A ("GFI") is one of the world's pioneers in developing and implementing innovative marking systems for the oil industry. Through its proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a marker, injection, monitoring and control components. GFI's innovative authentication solutions include various proprietary components that meet the needs of petrol distributors globally. GFI has offices in Austria, Israel, Mexico and the U.S., and its R&D centre is based in Israel.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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