Plastic2Oil Inc (PTOI)

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Agilyx's CEO Wins 2012 Ernst & Young Entrepreneur of the Year Award

BEAVERTON, OREGON--(Marketwire - June 20, 2012) - Ernst & Young LLP today announced that Chris Ulum, Chief Executive Officer of Agilyx Corporation ("Agilyx" or "the Company"), the first company to convert difficult-to-recycle waste plastic into synthetic crude oil, was awarded the Ernst & Young Entrepreneur Of The Year(R) 2012 Award in the Energy, Cleantech and Natural Resources category in the Pacific Northwest Region. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Ulum was selected by an independent panel of judges, and the award was presented at a special gala on June 15, 2012 at the Hyatt Regency in Bellevue, Washington.

"It is an honor to receive this award alongside such a dynamic group of business innovators," commented Ulum. "Commercializing technology is hard work and presents many challenges, however providing sustainable energy solutions is something we are passionate about. I am proud of this achievement, but even more proud to acknowledge and credit our entire team for their extraordinary efforts in successfully taking the business to the next level."

Recently recognized as one of the Top 100 Companies in the Americas on Red Herring's prestigious annual list of promising new companies, Agilyx is a company that thrives on challenge and innovation as it delivers sustainable solutions for critical energy issues. Agilyx is the first in the world to economically convert waste plastic into crude oil in a way that is scalable, versatile and environmentally beneficial. Its patented system reduces waste, produces oil and creates community by establishing local jobs.

Now in its 26th year, the Ernst & Young Entrepreneur Of The Year Program has honored the inspirational leadership of such entrepreneurs as Jeff Bezos of Amazon.com, Michael Dell of Dell Inc., Herb Kelleher of Southwest Airlines, Fred Smith of FedEx, Larry Page and Sergey Brin of Google, and many more. As a Pacific Northwest Region award winner, Ulum is now eligible for consideration for the National Entrepreneur of The Year 2012 Award. Award winners in several national categories, as well as the National Entrepreneur of The Year Overall Award winner, will be announced in Palm Springs, California in November.

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