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$50m in new contracts...very strong!

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    ESI - Awarded New Contracts 1/1 (P)

    ESI - ASX Company Announcement
    1 May 2003
    Part 1/1

    HOMEX - Perth
    Awarded New Contracts Valued over $20 Million

    During April 2003 Environmental Solutions International Ltd (ESI)
    finalised commercial and technical negotiations for new contracts
    exceeding $20 million.

    A number of the new contracts are for the design and construction of
    drinking water treatment plants in Australia. These contracts follow
    on from ESI's success in winning the contracts for three new drinking
    water treatment plants in North Queensland last year, the larest of
    which has a capacity of 35 Ml/day.

    Additional to the above new contracts ESI has been awarded "preferred
    contractor" status for four wastewater treatment contracts valued in
    excess of $30 million. It is anticipated that negotiations on three
    of these projects (valued over $20 million) will be concluded
    successfully prior to 30 June 2003.

    Together with the balance of contracts in hand the company should
    commence the 2003/2004 year with a record high order book exceeding
    $50 million, for water and wastewater treatment business. It is
    anticipated that the majority of this revenue should be derived
    during the 2003/2004 financial year, instead of this year.

    Over the past 10 months, ESI has invested in additional resourcs in
    tendering and developing the above-mentioned business, especially in
    the drinking water market which is supplementary to the wastewater
    treatment business - the company's traditional area of strength and
    expertise. In the same time period the company also expended in
    excess of $1.5M, on the commercialisation and marketing of its
    ENERSLUDGE(TM) technology. All business development and
    commercialisation costs have been written off against profit and not
    capitalised. Thus with revenue from the above-mentioned new contracts
    flowing into next financial year and the continued expenditure on
    ENERSLUDGE(TM), the Board is of the opinion that the second half
    results for the 2002/2003 financial year are likely to be similar to
    those eported for the first half.

    ESI Managing Director, Denis Glennon said: "In view of the slower
    than anticipated take up of thermal technologies such as
    ENERSLUDGE(TM), in the sewage sludge market in parts of Europe we
    have shifted our focus to the US and Japanese markets".

    As a result of this recent marketing of ENERSLUDGE(TM) by the company
    significant new interest in the technology has been generated in both
    of these markets. ESI will meet with six US-based companies in May
    and with a number of the Japanese companies shortly thereafter.

    "The outstanding success from ESI's recent tendering in the drinking
    water market in Australia and its continued success in the wastewater
    treatment sector will allow the company to move ito its next stage
    of growth with confidence.

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