OAKDALE, Calif., Oct. 23, 2006 (PRIMEZONE) -- Itec Environmental Group, Inc., a Delaware corporation ("Itec") (OTCBB:ITEC), is pleased to announce that Mario Sandoval will be joining the Itec management team as the company's new Chief Operating Officer. Mr. Sandoval begins his new role with Itec on November 6, 2006.
Mr. Sandoval brings to Itec 19 years of extensive experience in operations, supply chain management, quality control and chemical engineering. Most recently, Mr. Sandoval served as Senior Business Process Leader and Director of Operations at Johns Manville. Prior to Johns Manville, Mr. Sandoval was VP and Supply Chain Leader for GE Plastics' Polymershapes business. Mr. Sandoval held various operations management and engineering roles for 17 years in GE Plastics and is a GE certified Six Sigma Master Black Belt.
"I am extremely excited to be joining the Itec team," stated Mr. Sandoval. "I believe the Itec recycling process delivers a significant competitive advantage and enables the company to meet our aggressive growth plans. I intend to initially focus on completing the ramp up and optimization of our first plant in Northern California, through Q4, and then on expanding our recycling footprint to include additional plants throughout North America."
Rod Rougelot, CEO added, "Mario's world class operations experience is a key component in Itec's growth plans. I am confident that his presence will drive us towards achieving our operating objectives. With Mario focused on our operations, I will be able to better focus on executing the company's expansion strategy."
About Itec
Itec offers a proprietary solution to environmental problems faced in the conventional recycling of plastics. Through a research partnership with Honeywell FM&T, Itec has developed a new system for the recycling of plastic containers. Itec estimates that its proprietary ECO2(tm) System costs approximately thirty percent (30%) less to operate; additionally, the ECO2(tm) System 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: Rod Rougelot 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.