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December 2006

Avangard Industries and Innovative Commodities Group form Avangard Innovative

Avangard Industries, LTD and Innovative Commodities Group (ICG), announced the merger of the two companies into the newly formed Avangard Innovative.

The primary focus of the new Houston-based company will be to provide recycling services, commodities trading, plastic material processing and environmental impact studies and education.

Planning and integration of Avangard Industries and ICG will begin in the fourth quarter of 2006 culminating with formal operations of the merged company commencing on January 1, 2007.

The newly formed Avangard Innovative will provide larger processing capacity, complete recycling programs and closed loop recycling services worldwide with service concentrations in North America, Mexico, Central America, South America, China and India,

First year sales revenues for Avangard Innovative are forecast to be $100 million. The combined Avangard Industries and ICG group will include 19 processing plants and 20 branch offices, with an employment of 1200 worldwide.

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