Process Capital announces closing of private placement

TORONTO, Feb. 25 /CNW/ - Process Capital Corp. (POR-V) (the "Company") announces that it has received approval from the TSX Venture Exchange (the "Exchange") and has closed its previously announced private placement consisting of 30,000,000 units at a price of $0.05 per unit, each unit comprising one common share and one warrant to purchase a common share at a price of $0.10 per common share, for total proceeds of $1,500,000 (the "Private Placement"). The warrants will expire on August 24, 2010. The proceeds of the financing will be added to the working capital of the Company and will fund the development of the Company's new waste oil micro-refinery to be built at its site in Kingston, Ontario.

Pursuant to TSX Venture Exchange Policies, and applicable securities legislation, the holders of the shares may not trade the shares before June 25, 2009, unless permitted under securities legislation.

Enviromatrix Technologies Inc. ("Enviromatrix"), the principal shareholder of the Company, has purchased the full amount of the private placement and now holds 92,838,742 common shares of the Company, representing 52.3% of the issued and outstanding 177,472,574 common shares of the Company. The control person for EnviroMatrix is Anthony Cosentino, its President.

Statements in this release which describe the Company's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The Company may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."

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