Creative Recycling Technologies, Inc. Licenses Post Processing Process.

BRONXVILLE, N.Y.--(BUSINESS WIRE)--May 12, 1999--

Stephen H.A. LaSala, President and CEO of Creative Recycling Technologies, Inc. (OTCBB:CRTZ) announced yet another step in the company's ongoing program of increasing the quality of its by-products.

CRTZ has obtained through a licensing agreement with CBp Technology, the exclusive rights to CBp's post-pyrolytic carbon black upgrading process. The equipment for this process will be added to all plants developed by CRTZ allowing the Company to create carbon black that is ready for use by commercial carbon black users. Indeed, as announced on April 29, 1999, carbon black produced by CRTZ's process was reprocessed by CBp, included in a rubber formulation and tested positively. Carbon black is a byproduct of CRTZ'z process and is projected to be a major component of its revenues.

"This agreement between the companies, puts CRTZ in the forefront of the tire recycling business by not only having an extremely efficient and effective way to crack tires but the premier post-cracking process to enhance the value of carbon black that we plan to produce", said Mr. LaSala, "With this association, we have added to our team one of the foremost experts on pyrolytic carbon black produced. Mr. Fader's long term research in providing the market with the most cost effective and high quality product and his decision to align his company with ours, speaks to his conception that we are at the leading edge in providing the market an effective solution to the insidious waste tire problem that faces this nation and the world. This team has the capabilities to make a major impact in the market."

CBp was formed by John H. Fader as the holding company for his technologies, designs processes and intellectual property that have been developed to improve the economics for recycling scrap tires. Fader's extensive engineering research and development background includes responsibilities with General Motors, ITT, and Tenneco. He possesses over 15 patents and is widely respected in the automotive and tire recycling industries. He is a charter member of the European Tyre Recycling Association and is Chairman of the American Society of Testing and Materials(ASTM) D4 Subcommittee for " Specifications Pyrolysed Carbon Black(CBp) from Scarp Tires in Asphalt"

CRTZ is a development - stage company possessing a proprietary technology which can recycle scrap tires by pyrolysis. This process cracks the tires, thereby causing them to thermally decompose into their principal elements: carbon black, oils, gases, and steel. This process is now proven-technically, economically, and ecologically-at the bench scale, and awaits successful commercial scale-up. CRTZ's state - of - the - art technology offers the attractive prospects of simultaneously: (1) eliminating the environmental problems associated with scrap tires stockpiles(fire, disease, maintenance cost, landfill aggravation, and eye sore) while (2) recovering byproducts with substantial economic values.

Between 2000 - 2004, CRTZ plans to construct approximately 10 facilities, each capable of processing 10 million scrap tires per annum. Even 5 plants, each built one year apart, could collectively recycle 150 million scrap tires on a cumulative basis over 5 years. Assuming recoverable by-product values of approximately $2.00+/tire and full plant utilization, cumulative revenues would exceed $300,000,000 at the operating plant level. CRTZ, as licensor of the process, would receive a portion of these revenues in the form of development fees, management fees, and a share of plant profits.

A number of statements contained in this Press Release are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.

For additional information please contact Investor Relations: Mr. Robert J. Brot, 914-771-5217