September 2005

Itec plans first Eco2™ plant

Riverbank, CA— Itec Environmental Group, Inc. announced that The Elevation Fund, LLC has committed to Itec and deposited into escrow funds sufficient to enable Itec to begin creating their first Eco2 Environmental System Plant. This commitment enables Itec to begin drawing on the $2,000,000 low-interest "matching funds" loan from the California Integrated Waste Management Board's (CIWMB) Recycle Market Development Zone Loan (RMDZ) Program. Itec expects to break escrow on The Elevation Fund loan within the next week and complete initial construction of its first Eco2 Environmental System Plant by the end of October.

Gary De Laurentiis, chairman & chief executive officer stated, "Once the plant is operational and the first phase of our business plan complete, Itec intends to begin deployment of Eco2 Environmental System Plants on both a national and international scale."

The Eco2 system uses a patent pending process to clean PET and HDPE post-consumer plastics more efficiently.


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