FORT LAUDERDALE, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Solucorp Industries Ltd. (OTC:SLUP) is pleased to announce that efforts to clean-up the former Ocean State Steel Property by the city of East Providence, Rhode Island and Solucorp's Molecular Bonding System (MBS(R)) technology licensee, New York-based GeoNova Development Corp, have earned the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England. The award, which was presented at the Council's annual meeting in Newton, MA, cites the creative reuse and remediation of 27 acres of land along the Seekonk River, in one of the largest environmental cleanups in Rhode Island history. The property had suffered from more than a century of heavy industrial use and contamination from such metals as lead, arsenic and cadmium. GeoNova approached the city with a plan to restore the land utilizing Solucorp's EPA proven MBS metal remediation technology, so it could be used for townhouses, condominiums and single-family homes. The city received a $2-million Brownfield economic development grant from the U.S. Department of Housing and Urban Development and helped GeoNova acquire a $3- million low-interest government loan. GeoNova purchased from Solucorp a license to utilize Solucorp's MBS technology for Brownfield remediation and redevelopment sites. MBS renders metal-contaminated soil inert and has passed the U.S. EPA Multiple Extraction Procedure (MEP) for 1,000 years, showing that Solucorp's technology permanently stops heavy metals from leaching into the environment. This process will also prevent hazardous metals waste from seeping into the river. In the September 30th, 2003 issue of The Providence Journal in an article entitled "City Closes Steel Mill Land Deal," GeoNova's principal officers, including CEO George Lee and its executive vice president, Mary F. Voce, said "they are confident that their company can bring value to land others have dismissed as too expensive to save, because they hold the rights to a new system of remediation that makes it affordable. The Molecular Bonding System, as it's called, allows workers to neutralize the soil without having to truck it away, thereby saving millions in cleanup costs." In the June 9th, 2005 issue of The Providence Journal, City Manager William J. Fazioli said, "GeoNova will soon submit a plan to the Special Waterfront District Commission for a project that is expected to create housing for between 400 to 500 families in a New England-style village." The Providence Journal also states that "GeoNova's plan to turn a blighted property into a mixed-use asset is a great fit with our waterfront redevelopment efforts." According to Jeanne M. Boyle, the city's Director of Planning and Interim Director of the Waterfront Commission: "The project is also a catalyst for generating additional interest among developers so that we may best reuse our city's underutilized land." "Solucorp's MBS is a permanent solution to heavy metal pollution. Riverside properties contaminated with metals were previously considered by many experts to be non-usable for fear of polluting the water. Many such prime properties remain abandoned. The Ocean State Steel site clean-up, multi-million dollar refurbishment and impending construction project serve as a testimonial to Solucorp's technological abilities and commitment to providing innovative products for an environment free of hazardous waste," said Richard Runco, President of Solucorp Industries, Ltd. About Solucorp Industries, Ltd. Solucorp Industries, Ltd., a Canadian corporation is parent to three U.S. corporations including Solucorp Industries, which focuses on the metals remediation and pollution prevention industries. Solucorp's patented MBS(R) technology began development over twenty years ago and offers a permanent solution to heavy metals pollution problems. Solucorp's MBS(R) has also undergone U.S. EPA MEP (Multiple Extraction Procedure) testing demonstrating its ability to prevent the return of metal pollution for in excess of 1,000 years. Since being patented, MBS(R) has been used throughout the United States and Canada as well as the UK, Italy, China and Argentina. Solucorp's MBS(R) technology can be reviewed on the EPA website at http://www.epa.gov/ by typing in the New Search Space, "Molecular Bonding System." This technology is also presented in a publication produced by the EPA titled Superfund Innovative Technology Evaluation (SITE) Program, Technology Profiles 10th Edition, and Demonstration Program. The Integrated Fixation System (IFS) technology was developed from Solucorp's EPA SITE Program proven MBS(R) process. The IFS technology deals with pollution prevention rather than existing contamination problems. IFS can be integrated into many types of product applications. IFS prevents future contamination from metals such as lead, mercury, arsenic, chromium (hex or tri), cadmium, zinc, nickel, selenium, antimony, barium, beryllium, silver, thallium and vanadium. IFS can be added to pollutant-bearing products such as batteries, paint strippers, bullets, filters, computers, lamps, switches appliances, etc. IFS can be applied through a multitude of delivery systems both as solids and non-solids. The solid compound delivery systems include, for example, blocks, tablets, spikes and flakes. Some examples of non-solid delivery systems include laminates, inks, pastes, powders, gels, and slurries. IFS can be designed to activate and release under conditions such as exposure to light, pressure, acids, natural oxidation, etc. IFS has no limitations in how and where it can be integrated into metal containing products. Customized products can be designed and manufactured to meet specific needs. WITS Inc., founded in 2001 and purchased by Solucorp in June 2004, is capable of supplying package systems to treat contaminated wastewater as low as 20 gallons per minute and upwards of 200 gallons per minute. By installing multiple package systems, flows greater than that can be achieved. In addition to pricing advantages, the WITS package produces a better water end result without using harmful chemicals. The major water/wastewater areas where the WITS' package can be utilized with significant benefits includes water utilities; wastewater utilities; sludge processing; combined sewer overflows; industrial pretreatment; offshore oil rigs; livestock industry and food and beverage industry wastewater; automotive/metal processing discharge; and recyclable water recovery and phosphorous removal. WITS also has a network of representatives throughout the country to promote their technology. This wide range of uses provides Solucorp with the ideal complement to its remediation and metals pollution preventive proprietary technologies. The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision. DATASOURCE: Solucorp Industries Ltd. CONTACT: Richard A. Runco, President, Solucorp Industries, Ltd., +1-954-568-7018 Web site: http://www.solucorpltd.com/ http://www.epa.gov/

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