ECOS Group Announces Third Quarter Results.

MIAMI--(BUSINESS WIRE)--Feb. 17, 1998--ECOS Group Inc. (NASDAQ:ECOS/Berlin & Frankfurt, Germany Stock Exchange:EVE) announced results for its quarter ended Dec. 31, 1997.

Revenues for the nine months ended Dec. 31, 1997 were $3,679,843 a decrease of $910,763 from the $4,590,606 reported for the same period in 1996. Revenues for the quarter were $1,193,070 a decrease of $870,001 from the same quarter the previous year. The quarter ended Dec. 31, 1996 had $900,000 in revenue from one project related to debris removal from Hurricane Fran.

Direct costs decreased 18.1% for the nine months and decreased 35.9% for the quarter. General and administrative costs increased 14% for the nine month period and 40.4%. The increase in general and administrative costs are all related to write down of goodwill, costs associated with the closure of the corporate offices and increases to bad debt reserves. Taking into account these one time charges general and administrative expenses decreased 25%.

Net loss for the nine month period ended Dec. 31, 1997 was $8,430,540 an increase of $8,730,551 from the net income of $300,011 reported for the same period at Dec. 31, 1996. Net loss for the quarter increased $535,441 to $825,863 at Dec. 31, 1997 from $290,422 the prior year.

ECOS is an emerging leader in providing innovative environmental consulting and management, remediation and resource recovery services to the U.S. market. ECOS specializes in providing solutions to environmental problems such as contaminated soil and water, underground and above ground storage tanks, comprehensive industrial hygiene, indoor air quality and remedial design, asbestos, lead-based paint, wetland or endangered habitat management, to industry and government entities.

ECOS Group Inc. common shares are traded on the NASDAQ Small Cap Market under the symbol "ECOS," and on the Freiverkehr Market of the Berlin Stock Exchange in Berlin, Germany and on the Frankfurter Wertpaperborse (Frankfurt Stock Exchange) in Frankfurt, Germany under the symbol, "EVE."

For more information, contact Charles Evans, Chairman or Michael G. Baker, CFO with ECOS Group Inc. at 305/374-8300. -0- NOTE: Any forward-looking statements in this press release are necessarily subject to risks and uncertainties which may affect the accuracy of such statements and limit the company's ability to meet its projections, especially as to profitability. Such risks may include unanticipated declines in revenues due to competitive, market and general economic risk factors. For a full discussion of such risks, please refer to the company's Form 10-KSB/A for the fiscal year ended March 31, 1997 and subsequent filings.

CONTACT: ECOS Group Inc., Miami

Charles Evans, Chairman or Michael G. Baker, CFO

305/374-8300