ITec Subsidiary of Beechport Capital Receives Order for Revolutionary Oil And Plastic Reclamation System

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

ITec Subsidiary of Beechport Capital Receives Order for Revolutionary Oil

And Plastic Reclamation System

SUBSCRIBE/UNSUBSCRIBE |

Conservation & Wildlife

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

TO BUSINESS, ENVIRONMENTAL AND TECHNOLOGY EDITORS:

ITec Subsidiary of Beechport Capital Receives Order for Revolutionary Oil

And Plastic Reclamation System

CALIFORNIA, OAKDALE, Jun. 11 -/E-Wire/-- ITec International Technologies, Inc., a wholly owned subsidiary of Beechport Capital Inc. (OTC Bulletin Board: BEAH), announced today that it has received an order for two of its ECO2(TM) Environmental Systems from OPT Srl in Italy.

ITec is marketing the systems worldwide to businesses and government agencies as a cost-effective solution to the environmental challenge posed by discarded motor oil containers made of plastic. ITec has licensed a unique, award-winning technology from Honeywell Federal Manufacturing & Technologies (Honeywell FM&T;), developed in connection with the U.S. Department of Energy, to separate and recover oil and plastic from the containers.

ITec also has an exclusive five-year agreement with Fedegari Autoclavi SpA of Pavia, Italy, to manufacture the system for ITec's customers worldwide. Fedegari, a worldwide leader in the production of sterilization equipment for the health care industry and extraction systems using CO2, has produced a successful prototype of the system and is expected to begin commercial manufacturing soon. ITec expects to begin shipping completed ECO2 systems to its customers later this year.

The ECO2 Environmental System incorporates what ITec believes is the only pollution prevention and recycling technology designed to achieve 100 percent recycling of motor oil containers made of plastic, and the residual oil left inside each container. The technology focuses on environmental protection and environmental safety. It produces two usable and readily recyclable end-products, oil and plastic, without creating significant chemical waste byproducts.

ITec President Gary De Laurentiis said the company estimates that about two billion plastic motor oil containers are discarded each year in the United States. Each discarded container retains, on average, about an ounce of oil.

"That equals 250 million pounds of plastic and more than 15 million gallons of unused oil that could be recycled and re-used instead of winding up in landfills," he said. "We believe that the ECO2 system can play a major role in solving this environmental problem." ITec was formed in 2000 to develop and commercialize this ECO2 technology. On May 11, 2001, Beechport Capital acquired 100% of ITec through a reverse merger transaction.

Pursuant to that transaction, the former shareholders of ITec now own approximately two-thirds of the 10 million outstanding common shares of Beechport Capital. Mr. De Laurentiis is now Chairman of the Board and President of Beechport Capital, as well as President of ITec. The transaction is described in detail in Beechport Capital's Form 8-K filed with the Securities and Exchange Commission on May 29, 2001.

About ITec ITec International Technologies, a subsidiary of Beechport Capital Inc., was incorporated in 2000 to develop and commercialize new pollution prevention and recycling technology that is economically and environmentally sound to solve the worldwide problem of recycling plastic motor oil containers. ITec has its headquarters in Oakdale, Calif. ITec is on the web at www.iteces.com.

Safe Harbor Statement This press release contains certain "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995, including statements concerning the anticipated sale and projected delivery of the company's system and certain estimates and projections of the market for that system. Actual events or results may differ materially from those referred to in such statements. ITec International Technologies, a subsidiary of Beechport Capital, relies on third-party vendors to manufacture its system, which has not yet been introduced commercially. Risks and assumptions include, but are not limited to, the ability of its vendors to manufacture and deliver a successful commercial version of its principal product, as well as ITec's ability to generate customer demand, to achieve acceptable pricing, to respond to competition, to manage growth, to make timely payment on its outstanding obligations, and to manage regulatory and legislative developments that affect its system. Additional information about Beechport Capital is available in its filings with the Securities and Exchange Commission.

MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X91638809

ITec International Technologies, Inc.

http://www.iteces.com

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************