Eco-Growth Strategies Inc. (ECGS)

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$flcn only $1,200 in revenues since
Falcon Technologies Signs Letter of Intent to Acquire Conesco, Inc.

Last Update: 9:00 AM ET Jul 9, 2007

RANCHO CORDOVA, Calif., Jul 09, 2007 (BUSINESS WIRE) -- Falcon Technologies Incorporated (PINK SHEETS: FLCN), a leader in design-build infrastructure services, has announced that it has signed a letter of intent to acquire 100% of Conesco, Inc. for $350,000 in cash, $450,000 in a short term note, and 1.4 million shares of restricted stock at closing with an additional earn out to be paid upon achievement of certain earnings targets over the next 2 years from the closing date.

William Delgado, President of Falcon Technologies, Inc., stated, "Conesco adds an important component to our Tel/Data infrastructure business. We are pleased that Dave Baker will be joining our management team as Vice-President in our Business Development group."

Mr. Baker added, "I look forward to working with the Falcon team in helping to build Falcon Technologies into an industry leader in the IT infrastructure market in the commercial and industrial sector."

Conesco, Inc. had unaudited revenues of approximately $3M and adjusted earnings before interest and taxes of approximately $470K for their fiscal year ending December 31, 2006. 12 month revenue is expected to be $8M with EBITDA of $1.5M. Conesco, Inc. provides specialty construction services in the Northern California and Nevada regions.

About Falcon Technologies Incorporated:
Falcon Technologies provides design-build services in the following infrastructure segments: Tel/Data Communications, Electrical, and Fire/Life Safety. The Company provides these services to the Commercial/Industrial Sector, Fortune 1000 company's, and Federal, State, and Local government. For more information please visit http://www.falconti.net .