HydraLogic Signs Share Purchase Agreement for Subsidiaries

TORONTO, Sept. 16, 2011 /CNW/ - HydraLogic Systems Inc. ("HydraLogic" or the "Company") (NEX: HLS.H - OTC Pink Sheet: HYSYF) announced today that on September 15, 2011 the Company signed an agreement to sell the shares of its operating subsidiaries, Ecolo Odor Control Technologies and HydraLogic Systems Corp.("Subs"), along with all intellectual property of the Company, in return for the forgiveness of the US$2,430,000 now due and owing to the international investment group ("New Lender") announced on August 11, 2011.

The share purchase of the Company's Subs is subject to NEX and shareholder approval. Notice of a special meeting of the shareholders, to be held on or around the 31st of October, 2011, along with an information circular and proxy will be disseminated in the very near term.

Upon successful completion of the share purchase of the Company's operating Subs, the Company shell will remain with the shareholders and on the NEX Board of the TSX Venture Exchange.

About HydraLogic Systems:

HydraLogic is an innovator of engineered misting systems and proprietary environmental chemistries with reoccurring revenue distribution platforms. The company strives to be market leaders in providing technologies, through turnkey distribution and service models into the multi-billion dollar mosquito and odour control industries as Bug Defence and Ecolo respectively.

HydraLogic Systems is listed on the NEX exchange - symbol: HLS.H

Forward Looking Statements

This press release contains certain "forward looking statements". These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and HydraLogic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.

The NEX Exchange does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE HydraLogic Systems Inc.

For further information:

Michael Beckley
President & CEO
416 740 3900 ext 400

Profil de l'entreprise

HydraLogic Systems Inc.

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