Aqci funding for projects came from New York Investment Fund.

**** Aquatic Cellulose (OTCBB:AQCI - news) has
completed the
initial round of funding of a multi-million dollar
investment.
The funding is being provided by New York investment
funds.
The substantial financial commitment by these
sophisticated
investors is further testament to our proven
technology and
industry leadership. Moving aggressively forward on
all fronts
expanding production, manufacturing, distribution
and sales,
we will rapidly implement our business plan for
global expansion
to secure and further strengthen our dominant
position in this
dynamically emerging industry.
Terms of the agreement provide AQCI funding in
multiple phases.
Mr. Ackles noted, ``The initial phase has been
completed.

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