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JANUARY 26TH, 2010 - LONDON, UK (FOR IMMEDIATE RELEASE) EQUITY CAPITAL MANAGEMENT ANNOUNCES ENVIRONMENTAL PRODUCTS AND SERVICES ACQUISITION

Equity Capital Management PLC (Frankfurt: A8Z) is pleased to announce that its affiliate has executed a definitive agreement to acquire all the assets and operations of Hydralogic Systems Inc. (TSX.V: HLS) (“Hydralogic”) including its Ecolo odour control distribution operations, mosquito control “Bug Defence” operations, engineered misting systems and Hydralogic’s extensive patent and intellectual property portfolio in the odour control, mosquito control, water treatment and agriculture crops sectors. (www.hydralogic.ca).

The Ecolo odour control distribution and Bug Defence mosquito operations generated over $5 million in revenues in 2009 with strong margins. Ecolo’s environmentally-friendly, patented products are used internationally by major hotel chains, high profile commercial and residential buildings, major city garbage transfer stations and industrial plants. Bug Defence’s mosquito operations have an excellent brand and distribution in South Florida and Texas in the United States and is proprietary, EPA exempt, natural and university validated.
ECM and its partners are confident they can significantly grow revenues and cash flow by launching odour control operations in major global metropolitan cities in North America, Latin America, Europe, Middle East and Asia, by expanding the distribution of Bug Defence’s mosquito repellant products into new channels and key markets like Latin America, Middle East and Asia where ECM’s principals have extensive relationships and by commercializing the attractive agriculture and water treatment intellectual property.

The acquisition of Hydralogic’s operations will close in March after Hydralogic receives shareholder and Toronto Stock Exchange approval.

ABOUT EQUITY CAPITAL MANAGEMENT PLC

Equity Capital Management PLC makes opportunistic investments in a broad range of real estate-related assets, portfolios, joint ventures and operating companies worldwide. The management will generally target distressed opportunities, underperforming and undervalued assets and portfolios, and value creation opportunities. The principals of have an average of over 30 years of real estate and financial experience and together provide differentiated broad-based global relationships and a successful long term investment track record.


This release may contain certain forward-looking statements with respect to certain of Equity Capital Management PLC's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words believes, intends, expects, plans, seeks and anticipates, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Equity Capital Management PLC's control including among other things, UK domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Equity Capital Management PLC operates. As a result, Equity Capital Management PLC's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Equity Capital Management PLC's forward-looking statements.Equity Capital Management PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.