May 24, 2007 — Ecology Coatings, a privately held developer of nanoengineered industrial coatings for manufacturing, has entered into a definitive agreement to merge with publicly held OCIS Corporation as part of an alternative public offering (APO) transaction. The closing of the merger is targeted for June 2007, and the merged company, to be named Ecology Coatings, is expected to trade on the OTC Bulletin Board.

OCIS will offer up to 31,800,000 shares of its common stock in exchange for the outstanding common stock of Ecology Coatings. Upon completion of the merger — expected in June 2007 — the shareholders of Ecology Coatings will hold approximately 95.2% of the common stock of the surviving public entity, while the current shareholders of OCIS will own approximately 4.8%.

The management of Ecology Coatings will operate the surviving public entity. Richard Stromback, Chairman of Ecology Coatings, said, “This agreement marks a significant step in the process of becoming a publicly held company.”