Solucorp Industries Acquires WITS Inc. -- Adds Electrocoagulation To Its Environmental Solutions Arsenal -- FT. LAUDERDALE, Fla., July 1 /PRNewswire-FirstCall/ -- Solucorp Industries, Ltd. ("The Company") (OTC:SLUP), announced today that it has completed due diligence and finalized purchase of WITS, Inc., a privately-held Florida-based environmental contractor that holds patents and licenses to provide decontamination of water and wastewater. Newly appointed Solucorp President Richard Runco said, "We are pleased to have finalized the acquisition of WITS, adding its proprietary remediation solutions to the Solucorp arsenal for environmental solutions. WITS adds seasoned environmental professional sales, marketing, and operational staff to Solucorp. We look forward to the benefiting from the increased operating efficiencies and enhanced economies of scale that this particular acquisition invites." WITS' electrocoagulation (EC) waste water treatment process technologies are highly synergistic to the Company's MBS(R) soil remediation process, giving Solucorp metal waste water treatment capabilities. WITS' electrocoagulation technology was recently contracted by the City of Keysville, VA for removal of copper from the city's wastewater treatment plant. Other projects that have been ongoing since 1997 to present include treatment of wastewater from aircraft manufacturing and maintenance facilities as well as removal of rare earth catalyst from petro-chemical refining. The purchase of WITS was a stock-only transaction and provides Solucorp with 100% ownership of WITS, whose patents are synergetic and valuable to Solucorp and its future plans. Concurrent with the acquisition, Richard Runco, President of Solucorp, has relocated the public company's headquarters and Molecular Bonding Soil remediation (MBS) operations to Fort Lauderdale, Florida. Solucorp, however, will continue operating in the New York area, separate from public company affairs. Bill Seagraves, President of Solucorp's WITS subsidiary can be reached at 888-633-6773. About Solucorp Industries 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 patents on its Molecular Bonding System (MBS(R)) technology, 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 preventative 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 product's life cycle. Consumer products targeted for IFS include: 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. In March 2003, 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. INVESTOR RELATIONS: Geoffrey Eiten 781-444-6100 x613 http://www.otcfn.com/slup DATASOURCE: Solucorp Industries, Ltd. CONTACT: Geoffrey Eiten, OTC Financial Network, 781-444-6100 x613; or Bill Seagraves, President, Solucorp's WITS subsidiary, +1-888-633-6773 Web site: http://www.solucorpltd.com/

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