OAKDALE, Calif., Sept. 21, 2006 (PRIMEZONE) -- Itec Environmental Group, Inc., a Delaware corporation ("Itec"), (OTCBB:ITEC) is pleased to announce the appointment of Ron Domingue to Itec's Board of Directors. Mr. Domingue brings extensive financial, logistical and engineering experience to Itec. He is a managing partner at Arbor Malone, LLC ("Arbor Malone") and was a co-founder of SupplyBase, Inc. ("SupplyBase"), a supply-chain software company that was acquired by i2 Technologies, Inc. Prior to SupplyBase, Mr. Domingue held positions in product management, engineering and field marketing at GE Plastics, a subsidiary of General Electric Company ("General Electric") for over 13 years. Mr. Domingue graduated, Cum Laude, with a Bachelor of Science in Mechanical Engineering from the University of Vermont. He received a Masters of Science in Mechanical Engineering from Rensselaer Polytechnic Institute and he is a graduate of General Electric's Edison Engineering Program.
As the managing partner of Arbor Malone, having made a recent investment of $2,300,000 in Itec, Mr. Domingue stated, "We saw the appointment of Mr. Rougelot, the ramp up of the ECO2(tm) production line, and the inherent advantages of the ECO2(tm) system coming together to make Itec a leader in the plastics recycling industry."
Itec's Chief Technology Officer, Gary De Laurentiis, views Mr. Domingue's appointment as an important step in Itec's development. "Ron's willingness to support Itec both financially and as a member of the Board is of great value to Itec. Ron's years of experience in the plastics industry will add further dimension to the growing team."
About Itec
Itec Environmental Group offers solutions to environmental problems faced by public agencies and private entities involved in the recycling of plastics. In a research partnership with Honeywell FM&T, Itec has developed a new system for the recycling of plastic containers. Its proprietary ECO2(tm) System costs approximately thirty percent (30%) less to operate, uses no water, removes all contaminates and odors from the finished flake, is closed-loop and thus non-polluting, and produces no toxic by-products.
Please visit our web site at http://www.iteceg.com. Any interested parties wishing to be included in Itec Environmental Group's mailing list, please email your request to info@iteceg.com or Contact: Gary M. De Laurentiis at 209-863-8076.
Cautionary Warning Regarding Forward-Looking Statements
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders, creditors and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.