Business News

ECO2 Plastics Appoints Three New Members to Board of Directors

Thursday 12. June 2008 - ECO2 Plastics, Inc., (BULLETIN BOARD: ECOO) , the eco-friendly recycling company that is changing the way plastics are recycled, today announced the appointment of Tom Hutton, John Moragne and David Buzby to the Company's Board of Directors. The appointments are associated with the recent close of $6.5 million in financing led by Trident Capital and Thompson Hutton, LLC.

Pursuant to the close of financing, Tom Hutton joins the Board as Chairman, replacing William Whittaker who remains a Director. Gary De Laurentiis, Ronald Domingue and Lawrence Krause have resigned their Board positions, allowing the new members to be appointed. Mr. De Laurentiis, founder of ECO2, remains as the Company’s Chief Technology Officer.

“The combined experience of the new Board members represents value well beyond the financing that was announced yesterday,” said Rod Rougelot, CEO of ECO2. “We appreciate the guidance from the outgoing Directors and look forward to benefitting from the insights of the newly-appointed Directors.”

The experience of the new Board members is extensive; Tom Hutton is a successful entrepreneur and investor, having served as a Director of a number of private and public companies; David Buzby is a veteran of the recycling industry and investor in Clean Tech companies such as Sun Edison, where he serves as Chairman; and John Moragne, co-founder and Managing Director of Trident Capital, who in addition to his venture experience, holds numerous directorships in both public and private companies.

William Whittaker added, “I am very pleased to have Tom, John and David join the Board at ECO2, and it is with great confidence that I pass the Chairmanship to Tom Hutton, both as the outgoing Chairman and the largest individual shareholder of the Company.”

Additional background information on the new Directors can be found online within the Company’s recent 8-K filing.