EcoloCap Solutions Inc. (fka ECOS)

[LorenS]

ECOS Group Signs Major Contract

MIAMI LAKES, Fla., Jan. 26 /PRNewswire/ -- ECOS Group, Inc. (OTC Bulletin Board: ECOS) announced today that its wholly owned subsidiary, Construction & Electrical Specialists (CES), has executed a lump sum contract for $967,691 with an undisclosed Fortune 500 transportation company. The contract includes the renovation of a 70,000 square foot industrial facility located in Tampa, Florida. Work will include design, permitting, selective demolition, asbestos abatement, and erection of pre-engineered metal roof, wall, and ceiling systems. Additionally, new electrical upgrades will include a lighting system that provides 50-foot candles of light and a ventilation system that provides 270,000 cubic feet of air per minute. The work will begin in February 2001 and should be completed within 5 months. Management believes this contract should have a positive impact on the revenues and profitability of the company's Construction, Electrical, and Demolition services business sector.

ECOS Group, Inc. is a publicly traded holding company, trading on the OTCBB under the ticker name "ECOS." Its subsidiaries are engaged in environmental consulting/engineering, petroleum and hazardous waste assessment and remediation, real estate transaction environmental assessments, asbestos management, indoor air quality, mold and mildew assessment and remediation, construction management, design/build, demolition, construction, and electrical contracting. It has recently expanded its construction practice to include the design/build of metal building structures of all sizes. The above announcement is the company's first contract in this new construction business sector.

Some information in this release is forward looking. ECOS Group has based the forward-looking statements relating to the company's operations on its current expectations, estimates and projections about the company and the industry in general. The company cautions that these statements are not guarantees of future performance and involve risks and uncertainties that it cannot predict. The risks and uncertainties that may effect the operations, performance, development and results of the company's business include those that were previously discussed in its prior filings with the Securities and Exchange Commission including the company's Annual Report on Form 10-KSB. In addition, the company has based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, the company's actual outcomes and results may differ materially from what it has expressed or forecast in the forward-looking statements.

SOURCE ECOS Group, Inc.

CO: ECOS Group, Inc.; Construction & Electrical Specialists

ST: Florida

IN: ENV CST

SU: CON

01/26/2001 13:01 EST http://www.prnewswire.com