EcoloCap Solutions Inc. (EcoloCap) announced that it has signed a non-binding letters of intent with the Ministry of Energy and Coal Industry of the Ukraine and the PIK Group of Russia for the purpose of introducing EcoloCap's M-Fuel technology to the Ukrainian oil-processing industry with a view to save the Ukraine's ecology and modernize statewide operations. Additionally Jeung Kwak, Chairman of EcoloCap and Michael Siegel CEO are traveling in the Ukraine at present for a ten-day trip that will include Kiev and Donetsk. The purpose of the trip is twofold.

Mr. Siegel will be finalizing agreements between the Ukrainian Government and the PIK Group. Additionally the PIK Group has made arrangements for Mr. Siegel to present ECOS technology to heads of industry and government leaders for future projects.