Solucorp Signs First Contract for Utilization of its Revolutionary IFS Product Line

Solucorp Signs First Contract for Utilization of its
Revolutionary IFS Product Line 


WEST NYACK, N.Y., May 26  /PRNewswire-FirstCall/ -- Solucorp Industries, Ltd.
(OTC:SLUP), a provider of advanced technology solutions to the remediation and
environmental marketplace worldwide, announced today that its Integrated
Fixation Systems Co. subsidiary has signed its first contract to market the
revolutionary new IFS technology which was unveiled to the media on March 25,
2004 at The Harvard Club in New York City. The contract is an exclusive
licensing and distribution agreement with Savage Range Systems (SRS), a wholly
owned subsidiary of Savage Sports Corporation which has provided advanced gun
and gun related technology to the arms and ammunition industry for over 100
years.

By combining Solucorp's self-remediating IFS technology with SRS's
environmentally safe "Snail(R) Traps" systems, the world's first
environmentally safe and self-remediating gun range systems will be produced
allowing the residual bullets to be recycled, collection tank sludge to be sent
to a non-hazardous landfill and water to be safely reused or emptied into
municipal systems. This groundbreaking technology will be offered to all SRS
clients including the U.S. military and will also be marketed by SRS to other
target and shooting ranges throughout the United States. The exclusive license
and distribution agreement provides SRS with the exclusive right to market and
promote the IFS process within the target and gun range industry. SRS agrees to
encourage all current and future clients to use the IFS technology.

Pursuant to the licensing agreement SRS will also promote and sell Solucorp's
patented MBS process for use in the remediation of heavy metal contaminated
soils that may be present at SRS clients. The terms of the agreement between
the two companies will be for five (5) years with annual options thereafter for
up to an additional five (5) years.

The revenues from this agreement are dependent upon SRS. It is the intent of
SRS that products and/or chemicals will be sold to both their existing and
future client base as well as other target and gun ranges. There is no
requirement of any minimum purchase in the terms and conditions set forth in
the agreement.

Savage Range Systems

SRS of Westfield, MA is a manufacturer of the patented Snail shooting range
system. SRS is a sister company of Savage Arms the well-known firearms company
that pioneered numerous product inventions and calibers over it's 109 year
history. By 1994, SRS was supplying major US firearms and ammunition facilities
with a broad range of bullet-collection systems, for function, accuracy and
proof testing a myriad of bullets and firearms, including .50 cal machine gun
bullets made of steel.

From that success, SRS broadened its market by designing larger and wider
indoor and outdoor ranges, and specialty collection systems and became known as
the leader in bullet collection technology.

With quality accessories and well-proven ranges installed in the U.S. and
numerous overseas facilities, SRS has earned its reputation for providing
solutions to complex shooting conditions, both indoor and outdoors.

SRS has revolutionized the bullet trap industry with the Company's patented
Snail(R) Systems Wet/Dry Bullet Traps and Ranges. Snail(R) Systems unique
design directs the bullet over the specially angled entrance ramps, into a
circular deceleration chamber, where it is ultimately captured in the
collection tray. Bullets are captured safely, while health concerns associated
with lead dust are eliminated. Snail Bullet Traps deliver the best solution for
bullet collection and recycling in an environmentally sound manner with minimal
maintenance costs and proven longevity.

More information on Savage Range Systems can be found at
http://www.snailtraps.com/.

Solucorp / IFS

Solucorp is an innovative developer of superior metals remediation
technologies. The Company develops environmentally friendly technologies for
the treatment and prevention of hazardous heavy metal contamination of waste
streams. Solucorp owns two (2) patents on its Molecular Bonding Systems
(MBS(R)) technology and has applied for several patents including bullet traps,
projectiles, paint strippers and filter material with its IFS technology and
has received a notice of allowance from the Patent Trademark Office (PTO) for
the main IFS patent application. The effectiveness of the Company's patented
MBS is acknowledged by its successful completion of the U.S. EPA's Superfund
Innovative Technology Evaluation (SITE) Program. MBS has proven to cost
effectively and permanently remediate heavy metals contamination in soils and
industrial wastes.

MBS has been successfully used internationally in soil and other remediations
as well as in the Company's preventive technology IFS (Integrated Fixation
System). IFS delivers consumer product safety systems to manufacturing
institutions and can be applied to a multitude of hazardous pollutant sources
that render them insoluble and hence non-hazardous at the end of a products
life cycle. Consumer products developed in conjunction with and specifically
for consumer product manufacturers targeted for IFS include gun ranges, auto
and household batteries, mercury switches, paint removers, electronic circuit
boards and air emission and paint booth filters. For additional company
information visit: http://www.solucorpltd.com/.  For updated investor
information visit: http://www.otcfn.com/slup.

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.  Solucorp settled a civil action
by the SEC the details of which can be found on the SEC website, as such
investors are cautioned to perform a proper due diligence and consult licensed
professionals prior to making an investment decision.

  Contact: Brian Binckes, 913-685-4530 or Geoffrey Eiten, Investor
           Relations, at OTC Financial Network: 781-444-6100 x 613 or
           

DATASOURCE: Solucorp Industries, Ltd.



CONTACT: Brian Binckes of Solucorp Industries, Ltd., [phone]; or

Geoffrey Eiten, Investor Relations of OTC Financial Network, [phone]

ext. 613, 



Web site:  http://www.solucorpltd.com/

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