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Microcap & Penny Stocks : Consolidated Ecoprogress CES:VSE

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To: Veritas who wrote (55)	3/9/2000 10:27:00 PM
From: Veteran98	Read Replies (1) of 58

Cons Ecoprogress collaborates with Isolyser Company Consolidated Ecoprogress Technology Inc CES Shares issued 6,255,129 Mar 8 close $0.90 Thu 9 Mar 2000 News Release Mr. Michael Daniels reports Consolidated Ecoprogress Technology has agreed to enter into a collaboration agreement with Isolyser Company Inc. (Nasdaq: OREX). The purpose of this agreement is to complete a joint development agreement which will result in the manufacturing and marketing of a biodegradable diaper. In addition, the company plans to work with Isolyser in the development of a disposal system which will allow the diapers to be flushable. The company is also in discussions with an additional partner on this project for the purpose of research and development as well as technical assistance. An announcement with respect to the third partner is expected to be made by early April. Isolyser is a U.S.-based public company trading on the Nasdaq exchange. The new management of Isolyser is focused and thoroughly convinced that environmentally sensitive, sound and competitively priced products are positively in demand around the world due to the lack of space available in landfills. Alternative one time use and safe water soluble products have been a focus for Isolyser's product development group for numerous years. Migo Nalbantyan, president and chief executive officer of Isolyser, commented: "Consolidated Ecoprogress shares our conviction that PVA-based materials offer unique benefits and are not burdensome on the environment. We look forward to future opportunities for product and technology expansions with Consolidated Ecoprogress." Isolyser has just recently announced its first profitable year and its third consecutive profitable quarter. The company looks forward to working with Isolyser and the completion of the biodegradable diaper. The objective for both companies is to have a diaper in the marketplace by year-end. Consolidated Ecoprogress recently extended its licensed territory for the use of B-9 Film, a water soluble replacement for polyethylene (plastic), from Canada to worldwide. The company currently sells Simplicities, Trutona and Harmonies brands of the world's first and only flushable and biodegradable feminine hygiene napkins and liners. Both products have been granted the Ecologo by Environment Canada for their flushability and biodegradable properties. The company recently acquired the worldwide rights to B-9 Film for all uses except encapsulation.

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