Environmental Solutions Worldwide Inc. (OTCPK:ESWW) signed an asset purchase agreement to acquire certain assets from Cleaire Advanced Emission Controls, LLC for $1.4 million on April 1, 2013. Environmental Solutions Worldwide Inc. (OTCPK:ESWW) is the stalking horse bidder. The deal value includes a $0.14 million deposit that was previously paid by Environmental Solutions Worldwide plus a portion of gross profit realized on a certain purchase order.

Assuming the closing conditions in the asset purchase agreement are satisfied, including that no significant objection is raised (and no significant appeal to the court's anticipated sale order has been filed or remains pending) relating to the transactions contemplated by the asset purchase agreement, such transactions are now anticipated by Environmental Solutions Worldwide to occur on or about April 18, 2013 after the anticipated issuance of a sale order by the court.