OZLU - Ozolutions Incorporated (fka OZLU)

[jmhollen]

Ozolutions Inc. Announces Long Term Financing Agreement

TORONTO, Jul 8, 2003 (BUSINESS WIRE) -- Ozolutions Inc. (OTCBB: OZLU), an
international distributor of water treatment systems announces that it has
obtained a commitment from U.S. Capital Inc., a San Diego California
corporation, to provide long term financing. The commitment from U.S. Capital is
for $5 million US in financing to Ozolutions that will be used to fund current
operations and expansion of our business. The financing commitment is comprised
of the following elements:

$2,500,000 will be provided in the form of secured senior debt.

The terms: 5 year with a 10-year amortization with an automatic option to extend
for another 5 years. Principal and interest will be due at the end of the loan
period.

8,000,000 restricted common shares will be issued with an option to put back to
Ozolutions 4,000,000 shares at $1,250,000 at the end of five years and the same
amount at the end of ten years.

The foregoing securities have not been registered under the Securities Act of
1933 and may not be offered or sold absent registration or an applicable
exemption from registration.

Ozolutions paid a $50,000 commitment fee to secure the financing. In addition,
Ozolutions will pay to U.S. Capital an annual consulting fee of $250,000 per
year for term of 10 years, which will automatically decrease to $125,000 if U.S.
Capital exercises its option to put 4,000,000 shares back to Ozolutions at the
end of five years.

Ozolutions believes that this long term financing will enable it to expand its
sales and marketing efforts for its chemical free water treatment technologies
and fund future expansion of our business including the acquisition of North
American water treatment distribution companies.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking information made on the Company's behalf. All statements, other
than statements of historical facts which address the Company's expectations of
sources of capital or which express the Company's expectation for the future
with respect to financial performance or operating strategies, can be identified
as forward-looking statements. Such statements made by the company are based on
knowledge of the environment in which it operates, but because of factors that
are not anticipated or are beyond the control of the Company, actual results may
differ materially from the expectations expressed in the forward-looking
statements.

SOURCE: Ozolutions Inc.

CONTACT:
Ozolutions Inc.
Max Weissengruber, 416/490-0254
Fax [phone]
www.ozolutions.com