Epicore is investing in a major expansion to its Eastampton, NJ facility to support its growing and profitable core aquaculture business and to create new opportunities to enhance shareholder value.

A financing commitment has been secured from a leading North American bank for $1.9 million of production equipment. The new equipment will significantly expand Epicore's current production capacity for biological products. The expansion will also support the continued improvement in the reliability and efficiency of current production as well as providing production capability for new products from the Company's research and development program. This expansion is a key element in the Company's diversification program into other areas of environmental biotechnology.

To accommodate the new equipment modifications will be made to the Company's existing Eastampton site. The modifications include relocating current offices and creating additional production space. The requisite local government approvals have been obtained for the building modifications.