CRYSTAL CITY, Texas, Nov. 9 /PRNewswire-FirstCall/ -- Ecoloclean Industries, Inc. (OTC:ECCI) (BULLETIN BOARD: ECCI) announced today that they had been working on a proposed $700,000 financing transaction. The proposed transaction involved convertible notes and common stock warrants. The convertible price would have been set on the closing date. However, during the term of financing negotiations, our company's share price has declined significantly. Ecoloclean had anticipated closing on a convertible debt/warrant financing transaction during the fourth quarter of this year. However, due the company's declining share price, the board terminated the financing negotiations. Mr. Ward stated that the proposed financing became less attractive as our share price dropped because the convertibility features linked would have caused an unacceptable level of shareholder dilution. The company assumes no obligation to update any of the forward looking statements in this release. FORWARD LOOKING SAFE HARBOR STATEMENTS: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties. ABOUT ECOLOCLEAN INDUSTRIES, INC. Ecoloclean Industries, Inc. is the parent of three wholly owned subsidiaries: Ecoloclean, Inc., World Environmental Technologies, Inc. and Aquatronics Industries, Inc. utilizing various remediation techniques and technologies. Ecoloclean Industries provides environmental waste remediation to treat and remove impurities tin contaminated and/or polluted liquids and solids for a variety of industries including, but not limited to, refineries, paper mills, petroleum and petrochemical industries. Ecoloclean Industries has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources. For more information about the Company, please visit http://www.ecoloclean.com/ . INVESTOR CONTACT Ecoloclean Industries, Inc. Royis Ward - President and CEO OFF - 830-374-9100 FAX - 830-374-0202 DATASOURCE: Ecoloclean Industries, Inc. CONTACT: Royis Ward - President and CEO of Ecoloclean Industries, Inc., +1-830-374-9100, or fax, +1-830-374-0202 Web site: http://www.ecoloclean.com/

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