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FishingGuy

05/13/09 10:09 PM

#136362 RE: gcorp55 #136359

FORT WAYNE, IN, Mar 20, 2009 (MARKET WIRE via COMTEX) -- The promise of news
from South Korea has attracted positive attention to Enzyme Environmental
Solutions (PINKSHEETS: EESO) as of late for its products and formulas, including
the food and garbage applications inherent to the FG-500. One company has taken
particular interest in EESO and came to CEO Jared Hochstedler recently with an
offer to purchase the company in its entirety.

One week ago today, the prospective buyer deposited approximately 1% of the
total purchase price offered into ESCROW as a sign of its good faith to follow
through should Hochstedler accept the offer. On the flip side, the buyer
requested that EESO release at least 300 Million of its remaining shares on a
restricted basis as part of the overall exchange should both parties come to a
mutual agreement; So far so good according to Hochstedler, "The buyer -- who we
can't name just yet due to confines of our negotiations -- has taken particular
interest in our industrial applications and is positioned very well
internationally. I think it (the acquisition) could be a win-win for our
prospective buyer and EESO shareholders...
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drifterfcrc

05/13/09 10:17 PM

#136366 RE: gcorp55 #136359

According the PR Jared said that one percent(cash) of the buyout offer was put into an ESCROW type account. Also said that 300 mil shares will be issued on a restricted basis. They are now part of the OS count. I don't see where he said the SHARES were put into an ESCROW status though.