Consolidated Eco-Systems announces employee stock purchases and intent to establish company assisted market purchase program.

LITTLE ROCK, Ark.--(BUSINESS WIRE)--June 26, 1997--Consolidated Eco-Systems Inc. (Consolidated ECO), formerly Exsorbet Industries Inc. (NASDAQ:EXSO) today announced that its board of directors approved the establishment of a Company Assisted Market Purchase Program to assist its employees in the acquisition of the company's common stock in open market transactions.

The program will not increase the number of outstanding shares of common stock of the company but will assist employees in acquiring the company's common stock through broker assisted open market transactions.

As part of the program, the company will attempt to negotiate favorable commission structures with brokerage firms for the employees. Employees would also be permitted to allocate a portion of their payroll for direct deposit into their brokerage accounts.

James J. Connors Jr., president and CEO of Consolidated ECO, said, "Employee ownership is very important to Consolidated ECO. Company management believes that our stock is extremely undervalued at the present time. Many members of management and their families have been taking advantage of this opportunity through open market purchases." Connors continued by saying, "Many of our employees have asked management to assist them in making individual purchases of our stock in light of the current price. It is our desire to assist these employees in sharing in the value that we believe our stock offers."

Consolidated Eco-Systems Inc. is a diversified technology and service company providing state-of-the-art technical solutions for problems in site remediation, coal and petroleum tar liquefication and recycling, hazardous waste cleanup services, civil and environmental engineering, management and environmental consulting, and construction/remediation project management. Consolidated ECO performs project work in the United States and Eastern Europe.

This press release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. These risks and uncertainties are detailed from time to time in the company's filing with the Securities and Exchange Commission, including the company's Report on Form 10-K for the year ended Dec. 31, 1996.

CONTACT: Consolidated Eco-Systems Inc., Little Rock

James J. Connors Jr., 334/621-9989

or

Ed Penick Jr., 501/664-7745