SAN FRANCISCO, Feb 12 /PRNewswire-FirstCall/ -- ECO2 Plastics (formerly ITEC Environmental Group, ITEC.OB), the eco-friendly recycling company that is changing the way plastics are recycled, today announced that Frederick W. Smith, Chief Financial Officer (CFO), has advised management of his decision to resign, effective February 9, 2007. Mr. Smith joined ECO2 Plastics in 2004 as CFO. Rod Rougelot, CEO of ECO2 Plastics, will fulfill Smith's responsibilities while actively seeking his replacement for a new CFO. Rougelot commented, "We would like to take this opportunity to thank Frederick and express our appreciation for his contribution to ECO2 Plastics. His many friends within the organization wish him well for the future." About ECO2 Plastics ( http://www.eco2plastics.com/ ) ECO2 Plastics, formerly ITEC Environmental Group (ITEC.OB), is a publicly traded company engaged in PET plastic recycling. The Company's patented and patent-pending process was developed through a research partnership with Honeywell FM&T and the US Department of Energy. ECO2 Plastics is the exclusive worldwide licensee of the technology. The Company operates a recycling plant in Riverbank, California and another plant is currently under development in Southern California. ECO2's approach sets it apart from competitors that deploy water-based recycling processes. Unlike other recyclers, ECO2's process eliminates the use of water, respects and preserves the environment, while delivering the highest quality recycled plastic flake with up to a 50% lower operating cost. ECO2 Plastics is the only recycling company that can claim (i) that its plastic recycling technology has a negligible impact on the environment and (ii) is distinguishable from existing technologies when it comes to water waste and chemical contamination. For more information on ECO2 Plastics please email . DATASOURCE: ECO2 Plastics CONTACT: press, ECO2 Plastics, +1-415-885-8049, or Web site: http://www.eco2plastics.com/

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