SLUP Solucorp Industries Ltd (CE)

Solucorp Industries, Ltd. (OTC:SLUP) responds to the March 8, 2007 action taken by the Securities and Exchange Commission in which the SEC suspended trading in the securirties of 35 companies, including Solucorp, for a period of 10 trading days. Solucorp was identified as one of the 35 companies. Solucorp denies any Company initiated participation in spam e-mail campaigns. Richard A. Runco, President of Solucorp Industries, Ltd., stated, �The Company does not solicit or condone spamming activities. The Company�s own research disclosed that on the web site www.spamnation.info.com only one spam is listed for Solucorp during the three-year period 2004 - 2007. Solucorp has no knowledge as to the origin or content of that activity mentioning Solucorp, which is listed to have taken place on March 29, 2006." Management clearly recognizes and supports the need for providing adequate and accurate financial and other pertinent corporate data in order to thwart spam misinformation. To this end the Company had, prior to the suspension of the trading of its stock, prepared audited financial statements for 2002, 2003, and 2004. The 2004 financal statements, released February 26, 2007, includes an in-depth discussion of subsequent material events through February 26, 2007. The Company�s 2005 unaudited financial statements have been completed and currently are being audited. Financials for 2006 are currently being prepared. In light of the SEC�s highlighting the enormous spam activity, the need for visible and audited financial data is apparent. As stated in its December 2006 Letter to Shareholders, Solucorp has been actively taking the steps necessary to bring its financials current and to once again become a fully reporting company. Upon completion of the 2005 audit and commencement of the 2006 audit, the Company intends to take all steps necessary to become a fully reporting company - including ultimately filing a Form 10 with the SEC. The SEC news release stated that its action was �part of a stepped-up SEC effort - code named �Operation Spamalot� - to protect investors from potentially fraudulent spam e-mail hyping small company stocks with phrases like �Ready to Explode,� �Ride the Bull,� and �Fast Money.�� SEC Chairman Christopher Cox said, �10 million spam messages are sent every week causing dramatic shifts in share price and volume with investors often losing money as a result.� Friday, March 16, 2007, the Company�s financial statements, business plan, patents and supporting data, and a due diligence information book will be sent to members of the Brokerage community previously interested in accepting unsolicited orders on the Company�s stock. Additionally, the Company will post its financials on the company web site (www.solucorpltd.com) and will provide the information to Pink Sheets.com for inclusion in their network. Runco added, �The Company supports the SEC and its decision to minimize the negative impact of spam and is cooperating fully to provide business information upon which investors can rely. Investors will be kept informed on the Company�s progress in this important matter.� The Company�s core patented technology Molecular Bonding System received Environmental Protection Agency (�EPA�) Superfund �SITE� (Superfund Innovative Technology Evaluation) approval in 1997 (www.EPA.gov) and has since successfully undergone other EPA, Department of Energy (�DOE�) testing and independent tests on many environmental projects both in United States and abroad. In addition, The Company has recently completed a remediation project in Ravenna, Italy. The Company has completed projects in the United States in the past and continues to actively market its technologies in the United States and Europe. The Company also holds five patents, one Notice of Allowance and has five patents pending. About Solucorp Industries Ltd. Solucorp Industries, Ltd., is a provider and developer of cost effective and permanent technologies for the remediation and prevention of hazardous heavy metal (including lead, mercury, arsenic, chromium, copper, zinc, nickel, selenium and cadmium) contamination. Solucorp is the owner of several patents and numerous additional patents that are pending. Solucorp Industries, Ltd., has three wholly owned subsidiaries: Solucorp Industries, Integrated Fixation System Company, Inc., and WITS, Inc. The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.