Solucorp Signs Brownfield Licensing Agreement to Utilize MBS Technology to Remediate Heavy Metal Contaminated Properties

  
    
  
  
    
      Solucorp Industries, Ltd. (OTC: 
      SLUP) has entered into a licensing agreement with 1 Lane 
      Technologies Corp. (OTC: 
      OLNT) to exclusively utilize Solucorp’s 
      patented Molecular Bonding System (MBS) technology to remediate heavy 
      metals contamination on brownfield and redevelopment sites worldwide, 
      with the exclusion of the following territories; North America, South 
      America, Central America, Russia, and China. The MBS chemical reagent 
      remediates heavy metal contamination including lead, mercury, arsenic, 
      chromium, copper, zinc, nickel, selenium and cadmium.
    
    
      Solucorp will receive a total of $5 million ($1 million in cash and $4 
      million in stock) from 1 Lane in exchange for the exclusive licensing 
      rights. The $1 million cash portion will be paid over the course of one 
      year with the first payment due fifteen days from the signing of the 
      agreement. The restricted shares will be issued within ten days of the 
      signing of the agreement and will become free trading shares pursuant to 
      Rule 144 of the Securities Act of 1934. In addition to the sales of the 
      MBS chemical reagent needed for the remediation of the brownfield and 
      redevelopment sites, Solucorp will also receive a one percent royalty 
      from the sale or the redevelopment of any brownfield property after 
      remediation.
    
    
      1 Lane has commenced hiring a core staff made up of consultants and 
      other key personnel experienced in land use, zoning, real estate 
      development and environmental remediation. In addition, 1 Lane will also 
      identify brownfield properties, raise capital sufficient to promote the 
      marketing and sales of the MBS brownfield technology, and provide 
      Solucorp with written quarterly sales, marketing, and performance 
      reports. Solucorp will provide 1 Lane with technical assistance and 
      other materials and information related to the MBS process deemed 
      necessary to support 1 Lane’s efforts.
    
    
      “We are looking forward to once again using 
      our MBS process to remediate brownfield properties,” 
      stated Noel E. Spindler, President of Solucorp’s 
      Integrated Fixation System subsidiary. “Our 
      MBS technology was proven successful in this market with the cleanup of 
      the former Ocean State Steel property located in East Providence, Rhode 
      Island.”
    
    
      About Solucorp Industries Ltd.
    
    
      Solucorp Industries Ltd., www.solucorpltd.com 
      is a developer and provider of cost effective, 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 
      outcome of demonstration results, 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.