GMND Issues Term Sheet for Acquisition of EcoCover California, Inc.

CARLSBAD, CA, Jul 23 (MARKET WIRE) --
Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS: GMND),
an incubator of green technology companies, announced today that the
company has issued a term sheet for the merger/acquisition of Ecocover
California, Inc. (ECI), a startup manufacturing company of organic mulch
products manufactured from recycled waste paper for agricultural,
landscaping, horticultural and land management use.

Under the terms, GMND would acquire 60% of the outstanding stock of ECI
upon raising $2.5MM in funding in a merger/acquisition where ECI would
operate as a subsidiary of GMND. The parties are working to close the
transaction by October 31, 2008.

Brehm stated, "Originally developed, tested, launched and successfully
established in New Zealand, the EcoCover story is now being extended into
the global market and an opportunity exists to establish an EcoCover
manufacturing facility, fully equipped and commissioned, in the California
market territory. Once the initial capital is raised and the first
facility has been established, it is our intention to roll out multiple
manufacturing facilities across California and beyond. We believe the
business model of ECI and its shareholders and employees could be a strong
contributing factor to the future success and growth of both ECI and GMND
as a combined business entity."

About Green Mountain Development Corp

Green Mountain Development Corp, a majority owned subsidiary of U.S.
Microbics, Inc., (PINKSHEETS: BUGS), is an incubator for green technology
companies which provide natural solutions for the environmental challenges
of growth using the management expertise and infrastructure of GMND.

About EcoCover California, Inc.

EcoCover products are internationally patented and certified organic mulch
products manufactured from recycled waste paper for agricultural,
landscaping, horticultural and land management use, using materials that
are 100% compostable, 100% biodegradable and proven to increase water
retention, reduce weed growth and plant mortality. For additional
information about the EcoCover products contact Simon Gidney at
310-540-3718 or visit www.EcoCover.com.

The information contained in this press release includes forward-looking
statements. Forward-looking statements usually contain the words
"estimate," "anticipate," "believe," "expect" or similar expressions that
involve risks and uncertainties. These risks and uncertainties include the
company's status as a startup company with uncertain profitability, need
for significant capital, uncertainty concerning market acceptance of its
products, competition, limited service and manufacturing facilities,
dependence on technological developments and protection of its
intellectual property. The company's actual results could differ
materially from those discussed herein. Factors that could cause or
contribute to such differences are discussed more fully in the "Risk
Factors," "Management's Discussion and Analysis or Plan of Operation" and
other sections of the company's Form 10-KSB and other publicly available
information regarding the company on file with the Securities and
Exchange Commission. The company will provide you with copies of this
information upon request.

Investors and media contact:
Robert Brehm
760/918-1860, ext. 102

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