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Technology Stocks : Solucorp Industries (SLUP - OTCBB)

SLUP 0.00001000

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Mar 7 3:00 PM EST

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To: Stephen Bui who wrote (1)	8/13/1997 10:13:00 PM
From: robert a belfer	of 3679

WEST NYACK, NY--(BUSINESS WIRE)--Aug. 13, 1997--Solucorp Industries Ltd. "the company" (OTCBB: SLUP) today announced that it successfully completed a work order for remediation at a heavy metals contaminated site in Minnesota for U.S. Steel (NYSE: USX) utilizing the company's MBS(R) Soil Remediation Technology. Based on the outstanding results of the technology and the performance of Solucorp personnel, U.S. Steel has issued a second work order to Solucorp to continue to remediate additional tonnage at the site. Solucorp was included on U.S. Steel's "Approved Vendor List" in May 1997 (news release of 5/14/97) and the company considers its continued work with U.S. Steel is indicative of a growing confidence in the company's cost effective and proven MBS(R) Soil Remediation process. U.S. Steel is the second major entity to acknowledge and support MBS this week. The US EPA also released its report that Solucorp's MBS technology was successfully tested on all hazardous waste streams at the Midvale Slag Superfund site. The company's technology is now accepted as a Superfund Innovative Technology by the EPA "SITE" program (news release of 8/11/97). -0- 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.

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