MONTREAL, QUEBEC--(MARKET WIRE)—Feb. 21, 2008 -- Ecolocap Solutions Inc. (OTC BB:ECOS.OB - News) is pleased to announce that it has entered into an exclusive representation agreement with United Best Technology Limited of Hong Kong relating to the creation of Carbon Credits (CERs) under the Clean Development Mechanism as described under the Kyoto Protocol.  At the same time the Company executed an employment agreement with Dr. Tri Vu Truong to serve in the capacity of President and CEO. Dr Truong is internationally recognized for his leadership within the public and private Environmental sectors. More recently Dr.Truong has focused his years of expertise on the certification and implementation of CDM-CO2 projects as defined within the Kyoto Protocols and ranks among the world's leaders in this field.

Under the terms of the above agreements Dr. Truong and United Best have commitments to deliver to the Company a yearly minimum production of 3,600,000 (Three Million Six Hundred Thousand) fully tradable CERs as provided within the Kyoto Protocol.  A number of projects that will contribute to this contractual CER yield are already in place and/or at various stages of development.  These projects involve both Renewable Energy and Carbon Reduction initiatives.

The geographically exclusive Representation Agreement provides the Company with United Best's services within the regions of the world with the greatest potential for economically feasible Renewable Energy and Carbon Reduction initiatives.  These include, but are not limited to, China, Brazil, India and Vietnam.  Further, beyond the period of exclusivity the agreement provides a trailing non-compete provision that will permit the company to bring its own development resources to bear without competition from United Best.  

Dr. Tri Vu Truong commented: "I welcome the opportunity of leading EcoloCap Solutions in this very exciting field in which I have devoted most of my adult life. I am fully committed to making EcoloCap a leader in this imperative world initiative- creating Renewable Energy sources and limiting the emission of CO2.  The Company's agreement with United Best is a very important step in realizing this goal.  It will allow the Company to hit the ground running within the most important and potentially productive regions of the world."

Dr. Truong continued, "The economic incentives created by the CDM initiative of the Kyoto Protocol, as well as the returns from alternate sources of renewable energy make it possible for the Company and regional stakeholders to benefit greatly from our expertise. Our team has identified a number of projects from China, India, South East Asia, Vietnam, Africa and South America. We have no doubt about our ability to take these projects to term benefiting regional stakeholders while earning an above average return for our shareholders."