EcoloClean Industries (ECCI)

[atotalbum]

Ecoloclean Industries, Inc. Announces Disposition of Aquatronics Industries, Inc.
1:40p ET January 12, 2007 (PR NewsWire)

Ecoloclean Industries, Inc. (OTC Pink Sheets: ECCI) ("Ecoloclean"), announced today that it has disposed of its wholly owned subsidiary, Aquatronics Industries, Inc. ("Aquatronics"), of Riverside, Rhode Island, on December 29, 2006 by returning 81% of its ownership interest to the family of Howard E. Schachter, who is Aquatronics' President and Founder, and selling the remaining 19% to one of its employees for $100,000 which will be offset against its debt due to the employee.

Royis Ward, President and CEO of Ecoloclean, stated that due to the continuing need for funds to meet the business plan of Aquatronics and the limited resources of Ecoloclean, the disposal of the ownership of Aquatronics was in the best interest of the Company at this time.

Prior to the disposal of Aquatronics, Ecoloclean assisted Aquatronics in renegotiating the terms of its Patent Assignment from BioCatalytica, Inc. ("BioCatalytica"), for use by Aquatronics. The renegotiated terms included the return for cancellation of 2,000,000 shares of Ecoloclean's restricted common stock being held for delivery to BioCatalytica in 2007 and the cancellation of $101,750 of debt remaining from the original $150,000 due to BioCatalytica by Aquatronics in return for the cancellation of the Patent Assignment.

Aquatronics, concurrently with the cancellation of the Patent Assignment, was able to obtain a Non-Exclusive Limited License from BioCatalytica utilizing the patented technology in return for royalties based on future sales.