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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.

EVTC, Inc. Names New CEO

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

EVTC, Inc. Names New CEO

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TO BUSINESS AND ENVIRONMENTAL EDITORS:

EVTC, Inc. Names New CEO

FORT WORTH, TEXAS, May. 14 -/E-Wire/-- EVTC, Inc., t/a Environmental Technologies Corporation (Nasdaq: EVTC), a leader in onsite sales and services to the HVAC/R industry, today announced Bob Stephens as Chief Executive Officer, succeeding George Cannan, Sr. Mr. Cannan will remain Chairman of the Board and President of Environmental Materials Corporation ("EMC"), one of the Company's wholly-owned subsidiaries. In addition, John Mazzuto, a member of the Company's Board of Directors announced his resignation. The Company's Board of Directors has appointed Chuck Rice, Jr. to replace Mr. Mazzuto.

About Mr. Stephens Mr. Stephens is a Certified Public Accountant and has been a partner in two separate accounting firms since earning his certificate in 1984. While a partner, he was responsible for each firm's Corporate Services Section the focus of which included Energy Management Services, Transportation, Waste Management and Manufacturing. He was responsible for managing all compliance and consulting engagements, including engagements involving mergers, acquisitions and dispositions of business activities. He was also responsible for the firm's SEC audit engagements. Mr. Stephens also earned the designation of Certified Management Accountant in 1988, a certification which is widely recognized as a measure of competence and knowledge in the area of corporate management by industry and corporations throughout the world. Furthermore, in 1998, he earned the designation of Certified Valuation Analyst.

Mr. Stephens has owned and operated an Environmental Consulting firm that served both the business community and governmental entities. The primary focus of this Company was handling closure and post closure monitoring of existing solid waste landfills, marketing waste disposal sites and determining the viability of existing and 'greenfield' projects for permitting purposes. He has also owned and operated a processing plant with product distribution that covered the United States and overseas markets.

Mr. Stephens brings a broad knowledge of business and business development to the Company, along with relationships he has established in the Energy Management industry. With Mr. Stephens as President and CEO, the Company intends to enhance its core services and products by offering related Energy Management services and products designed to strengthen its market position and increase the market share of its refrigerant business.

About Mr. Rice With more than 25 years of governmental experience, Chuck Rice is the Austin manager for BITL. After working for officeholders such as the Secretary of Sate and various House members, Rice went on to serve as legislative analyst to the Dean of the Texas Senate, Chet Brooks. During this time, Rice worked closely with all areas of state government, including the Senate Finance Committee and from 1987 to 1990 served as the Coordinator of the Task Force on Waste Management Policy, of which Brooks was chairman. Through this experience, Rice became intimately acquainted with the many factions of legislative debate, their advocates and the bases of support, as well as the inner workings of the legislative and budget processes.

Since then, Rice has applied the knowledge gained at the Capitol, directly to clients and issues he now represents as a consultant. His first foray into consulting was as Vice President of Legislative Affairs for the Texas Hospital Association (THA) during the 69th Legislative Session. He has since broadened his field of expertise to include such issues as transportation, municipalities, water and wastewater, education, waste management, aquaculture and business development.

Rice previously served as the administrative assistant to State Representatives Fred Agnich and Rollin Khoury. Additionally, he worked as executive research assistant for Secretaries of State George Strake and Mark White, as well as legislative correspondent for Texas Legislative Services.

Through his experience at the Capitol, he has maintained close working relationships with both the Legislative Budget Board and finance committees of both houses. Among his many attributes, Rice brings a lifetime of thoughtful strategy and a network of contacts to the clientele of BITL. In 1990, Rice launched his own lobby consulting practice where he has managed the affairs of numerous clients facing a vast array of policy issues. 1999 marked the birth of BITL with attorney and partner Richard Parker of Houston.

About EVTC, Inc. EVTC, Inc. is a national provider of complete refrigerant solutions. The company markets and sells refrigerants and provides refrigerant reclaiming services. The company markets a complete line of reclaimed and virgin refrigerants to HVAC/R and automotive industries. The company also recycles fluorescent ballasts and lamps.

Forward Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, the company's industry position, financial condition and structure. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, without limitation, risks associated with the company not being able to successfully implement its new strategies, the risk that new acquisitions, if any, will not be successfully integrated into the company, the seasonality of the company's sales, the company's competition, the company's dependence on supplier relationships and risks related to the company's borrowings.

EVTC, Inc., t/a Environmental Technologies Corporation

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