Creative Recycling Technologies Inc. Takes Initial Steps to Implement Company's Business Plan Involving the Technologies of Aa Corp.

ATLANTA--(BUSINESS WIRE)--May 5, 1998--Creative Recycling Technologies, Inc. (OTCBB symbol: CRTZ) today announced that it has taken initial steps to implement the Company's business plan involving the technologies of AA Corp. and Mr. Frank Pringle, the new CEO of the Company.

With the acquisition of AA Corp., the Company is acquiring the creative and industrial capabilities of Mr. Pringle. Mr. Pringle has several patents related to the soft drink packaging industry. Before forming AA Corp., Mr. Pringle was CEO of a company which developed a process for recycling glass. Mr. Pringle departed the glass recycling business to pursue other recycling possibilities which he felt offered a greater economic potential and which his prior company elected not to pursue.

AA Corp.'s focus to date has been on perfecting its process for recycling tires. Using a process that breaks tires down into carbon black, oil, steel, and combustible gases. The current market value of the byproducts of a single tire is about $3.05. As additional revenue, the Company will be able to receive "tipping fees" averaging $0.50 per tire, for total revenue per tire of about $3.55. The Company estimates its processing costs will be less that $1.50 per tire once its large scale facility is built.

Published reports indicate that the market potential for the Company's tire recycling process is huge. Based on current consumption patterns, the United States produces approximately 250 million used tires per year. In addition there are an estimated 2.5 to 3 billion used tires in land fills which could be recycled if an additional economically viable process existed. The Company's business model contemplates the construction of an initial plant which would be capable of processing 7.5 million tires per year by the year 1999. Once the process is perfected on a large scale basis at the initial processing plant, the Company plans to construct many additional plants to accommodate the yearly supply of used tires in the U.S. The Company also plans to have licensing agreements throughout the world going into the first decade of the New Millennium. The Company is also exploring the development or purchase of other economically viable recycling initiatives. The Company's goal is to become the largest diversified recycling company in the world.

For further information, please contact Frank Pringle at 609/654-5145.

CONTACT: Frank Pringle, 609/654-5145