Univera Lifesciences

Stuart Ochiltree has been named Chief Executive Officer of Univera LifeSciences™ effective today, July 25, 2006.

Bill Lee (ECONET Owner) made the announcement this morning to the staff at Univera West, thanking ECONET CEO and Vice Chairman Derek Hall for his many months of dedicated service and great success as acting CEO of Univera LifeSciences™.

We wish to welcome back Stuart as our CEO (as you will recall, he held that position until an illness in the family forced him to step down as CEO of Oasis).  Mr. Lee prefaced his announcement of Stuart’s role as CEO by explaining that he was one of three men who sat in a room together in Colorado one decade ago and dreamed of a company that would one day be the point of distribution for The ECONET; the three men were H.Y. Sung, Bill Lee and Stuart Ochiltree.

Mr. Lee went on to say that we are all excited that Derek will be now able to focus on the many challenges and opportunities facing The ECONET as we move forward with our plans of global expansion.

Both men exemplify the vision of YunHo Lee and his son, Bill, in making every endeavor to bring the best of nature to mankind in a manner conducive to the principles taught by YunHo Lee and believed widely throughout The ECONET today.