Evercel Announces Acquisition

HINGHAM, Mass., April 29, 2009 (GLOBE NEWSWIRE) -- Evercel, Inc. (Pink
Sheets:EVRC) today announced the purchase of the assets of Stretch and Cover,
Inc. ("S&C").

S&C (http://www.stretchandcover.com/) is a five year old furniture slipcover
company that has grown revenue to approximately $1.5 million in 2008 and was
profitable. S&C has developed a number of special slipcover features which solve
the inherent-fit and stay-in-place problems of ready made covers. S&C markets
exclusively through the Internet. Terms included cash and short term payments
totaling approximately $650,000 and a royalty on certain sales totaling up to
$700,000 over five years.

Bert Shlensky, who will become president of S&C, offers the expertise to take
the company to a new level. He was formerly president of Sure Fit Inc, a
slipcover manufacturing company, and grew it from $50 million to $150 million
including a $60 million internet business. Since then he has consulted on
startups of three different direct marketing companies for slipcovers,
slipcovered furniture, and slipcovered headboards.

Garry Prime, CEO stated: "We are very pleased to welcome Bert to Evercel. We
believe that this business has significant upside potential and that Bert has
the expertise to add fashion, improved marketing and excitement to the category
and to substantially increase sales."

Corporate Solutions Group, LLC acted as exclusive financial advisor to Evercel
in this transaction.

Hingham, MA, based Evercel is a multi-industry company whose operations include
crab processing for both fresh and frozen markets, sales of Swivel Y-valves used
in the treatment of patients on respirators and investments in Zipcar Inc. (car
sharing), Oxygen SpA (light electric vehicles), and Julia LLC (skin wrinkle
reduction technology).

-0-
CONTACT: Evercel
Garry Prime
781-749-3055