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Environmental Solutions Worldwide: Secured Financing

27 January 2000

Environmental Solutions Worldwide: Secured Financing

    TORONTO--Jan. 27, 2000--Environmental Solutions Worldwide, Inc., (OTCBB:ESWW) developer of the Enviro Cat(TM) catalytic converter is pleased to announce that it has a secured financing. The sale of common stock in a private placement for proceeds of US$1,000,000 was by a European consortium.
    On January 26th, 2000 the company made an initial draw down of US$500,000.
    The proceeds of the offering are expected to be sufficient to meet all expenditures for its pilot manufacturing facility and meet its operating expenses for approximately eight months.
    The initial stages of the prototype manufacturing of its catalytic converter started on January 26th, 2000, and are expected to take approximately three months until completion.
    The company intends to announce further corporate updates and manufacturing developments on a regular basis.

For further information please contact Investor Relations: Steve Basra @ Tel: 905-947-9923 or visit: www.cleanerfuture.com Fax: 905-947-9924

The statements contained in this news release which are not historical facts contain forward - looking information with respect to plans, projections or future performance of the company, the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described herein.