UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

                                   (Mark One)

              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended   June 30, 2003
                                                 ------------------

       [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
          For the transition period from ______________ to ___________


                        Commission File Number: 33-31067


                         ITec Environmental Group, Inc.
        ----------------------------------------------------------------
        (Exact name of small business issuer as specified in it charter)

                    Delaware                             31-1705310
        ------------------------------              -------------------
       (State or other jurisdiction of                 (IRS Employer
        incorporation or organization)              Identification No.)

                       693 Hi Tech Parkway Suite 3, Oakdale, CA
                     --------------------------------------
                    (Address of principal executive offices)

                                 (209) 848-3900
                            -------------------------
                           (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or such shorter
period that the issuer was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
                      Yes [X]    No [  ]


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of June 30, 2003, the issuer had
57,962,008 shares of common stock, $.001 par value, outstanding.

Transitional Small Business Disclosure Format (Check one):  Yes [ ]   No [X]




<PAGE>

                         ITec Environmental Group, Inc.
                               30 June 2003 10-QSB


                                   INDEX


PART I - FINANCIAL INFORMATION                                    Page

Item 1.  Consolidated Financial Statements (Unaudited)             3

  Review Report of Independent Certified Public Accountant         3

  Consolidated Balance Sheets                                      4-5

  Consolidated Statements of Income and Comprehensive Income
    for the three months ended June 30, 2003 and 2002              6

   Consolidated Statements of Income and Comprehensive Income
    for the six months ended June 30, 2003 and 200                 7

  Consolidated Statements of Changes in Stockholders' Equity       8

  Consolidated Statements of Cash Flows for the three months
    ended June 30, 2003                                            9

  Notes to Consolidated Financial Statements                     10-19

Item 2.  Management's Discussion and Analysis of Financial
              Condition and Results of Operations                 20

Item 3.  Controls and Procedures                                  23

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                        23

Item 2.  Changes in Securities                                    24

Item 3.  Defaults upon Senior Securities                          24

Item 4.  Submission of Matters to a Vote of Security Holders      24

Item 5.  Other Information                                        24

Item 6.  Exhibits and Reports on Form 8-K                         25

            Certifications

SIGNATURES                                                        25



                                   2
<PAGE>


PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements



REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT


The Shareholders
ITEC ENVIRONMENTAL GROUP
(A Development -Stage Company)


We have reviewed the accompanying balance sheet of Itec Environmental Group as
of June 30, 2003, and the related statements of operations for the three months
and six months then ended and cash flows for the six months then ended, in
accordance with Statements on Standards for Accounting and Review Services
issued by the American Institute of Certified Public Accountants and in
compliance with Article 2 of Regulation S-X of the Security and Exchange
Commission. All information included in these financial statements is the
representation of the management of Itec Environmental Group.

A review of interim financial statements consists principally of inquiries of
Company personnel responsible for financial matters and analytical procedures
applied to financial data. It is substantially less in scope than an audit
conducted in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with generally accepted accounting principles.

We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the consolidated balance sheet of Itec
Environmental Group as of December 31, 2002, and the related consolidated
statements of operations, shareholders' equity, and cash flows for the year then
ended (not presented herein); and in our report dated March 28, 2003, we
expressed an unqualified opinion on those consolidated financial statements. In
our opinion, the information set forth in the accompanying condensed balance
sheet as of June 30, 2003 is fairly stated, in all material respects, in
relation to the consolidated balance sheet from which it has been derived.



Henry Schiffer,  C.P.A.
---------------------
Henry Schiffer, C.P.A.
Beverly Hills, California
August 7, 2003

                                        3



<PAGE>


                            ITEC ENVIRONMENTAL GROUP
                          BALANCE SHEET (CONSOLIDATED)


                                                         As of          As of
                                                        6/30/03        12/31/02
                                                      ----------      ---------
                       ASSETS                         (Unaudited)
Current Assets
      Cash & Cash Equivalents                         $  (19,187)     $ (11,791)
      Accounts Receivable                                349,457         51,779
      Inventory                                           64,461        221,434
      Other                                               36,755          8,000
                                                      ----------      ---------
   Total Current Assets                                  431,486        269,422

Fixed Assets
      Furniture & Equipment (net of Depreciation)        152,842         14,941
      Equipment Recycling                                 55,065        108,279
                                                      ----------      ---------
   Total Fixed Assets                                    207,907        123,220

Other Assets
      Allowance Doubtful Accounts                       (186,605)      (186,605)
      Deposits                                             6,245          5,154
      Prepaid Expenses                                    28,862         10,472
      Note Receivable                                    242,263        236,973
      License Fees (net of Amortization)                  20,000         25,000
      Other-misc                                           4,217         40,590
       Deferred Tax Asset                              1,636,995      1,636,995
                                                      ----------      ---------
   Total Other Assets                                  1,751,977      1,768,579
                                                      ----------      ---------

   Total Assets                                       $2,391,370     $2,161,222
                                                      ==========     ==========





See accompanying notes to financial statements.

                                       4
<PAGE>

                               ITEC ENVIRONMENTAL GROUP
                       BALANCE SHEET (CONSOLIDATED), Continued

                                                         As of          As of
                                                        6/30/03        12/31/02
                                                      ----------      ---------
                                                     (Unaudited)
                    LIABILITIES

Current Liabilities
      Accounts Payable                                $  858,768        782,995
      Accrued Liabilities                                 60,292         72,092
      Accrued Payroll                                    181,891        131,891
      Payroll/Sales Tax Liabilities                         (607)        13,166
                                                      ----------      ---------
   Total Current Liabilities                           1,100,343      1,000,144

Other Liabilities
      Deferred Revenue                                   475,190        170,000
      Note Payable GMA                                 1,100,000      1,100,000
      Notes Payable                                      446,462        815,230
      Provision for Income Taxes                       1,438,800      1,544,103
                                                      ----------      ---------
   Total Other Liabilities                             3,460,453      3,629,333
                                                      ----------      ---------
   Total Liabilities                                   4,560,796      4,629,477

                       EQUITY

   Preferred Stock, no par value
       10,000,000 shares authorized none
       issued & outstanding
   Common Stock, no par value,
      750,000,000 shares authorized, 57,962,008
      shares issued & outstanding at 6/30/03              57,962        254,715
   Paid in Capital                                     4,258,453      3,517,163
   Accum deficit current period                         (245,707)    (2,462,421)
   Accum deficit during
      Development stage                               (6,240,134)    (3,777,712)
                                                      ----------      ---------
   Total Stockholders' deficit                        (2,169,426)    (2,468,255)
                                                      ----------      ---------

Total Liabilities & Stockholders' Equity              $2,391,370     $2,161,222
                                                      ==========     ==========


See accompanying notes to financial statements.

                                       5

<PAGE>
                            ITEC ENVIRONMENTAL GROUP
            CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
                                  (Unaudited)

                                              Three Months Ended
                                         6/30/03            6/30/02
Revenues                               -----------         ----------
   Fees                                $   450,250         $        -
                                       -----------         ----------
      Total Income                         450,250                  -

Cost of Goods Sold
   Commissions                                 200                  -
   Equipment Costs                         201,000                  -
                                       -----------         ----------
      Cost of Goods Sold                   201,200                  -

Operating Expenses
   Consulting Fees                               -            765,441
   Payroll                                  89,624            142,265
   International Contract Services         (22,000)            38,650
   Plant Expenses                           35,961                  -
   Professional Fees                       140,643             50,842
   Research and Development                  3,750             10,540
   Travel and Entertainment                  8,843             20,422
   Depreciation & Amortization              16,132              6,498
   Engineering                                   -             25,000
   Freight & Delivery                        2,330              3,903
   Public Relations                          1,455              4,770
   Stockholder Expenses                     38,680             69,976
   Telephone                                 4,199              6,503
   Insurance                                12,694              (305)
   Rent                                      6,960              2,700
   Other-Misc                                  134              1,254
   Repairs                                   1,035              3,022
   Contract Labor                                -              2,716
   Dues and Subscriptions                      462              5,781
   Office Supplies                           2,418              6,792
   Office Equipment                            311                  -
   Equipment Lease                           1,189              8,646
   Postage                                     689              3,866
   Trade Shows and Printing                      -              3,995
                                       -----------         ----------
      Total Operating Expenses             345,509          1,183,277

Other Income(expense)
   Interest                                  3,066            (48,073)
    Income Tax Expense                      28,018            369,405
                                       -----------         ----------
                                            31,084            321,332

      Total Net Income (Loss)          $   (65,375)        $ (861,945)
                                       ===========         ==========

Shares Outstanding                      57,962,008         19,749,913
EPS                                    $    (0.001)       $    (0.044)
EPS - Fully Diluted                    $    (0.001)       $    (0.044)

See accompanying notes to financial statements.
                                       6
<PAGE>
                            ITEC ENVIRONMENTAL GROUP
            CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
                                  (Unaudited)
                                              Six Months Ended
                                         6/30/03            6/30/02
Revenues                               -----------        -----------
   Fees                                $   455,250        $         -
                                       -----------         ----------
      Total Income                         455,250                  -

Cost of Goods Sold
   Commissions                                 200                  -
   Equipment Costs                         201,000                  -
                                       -----------         ----------
      Cost of Goods Sold                   201,200                  -

Operating Expenses
   Consulting Fees                                            847,000
   Payroll                                 172,856            264,123
   International Contract Services          25,645             64,924
   Plant Expenses                           43,233                  -
   Professional Fees                       186,189             92,903
   Research and Development                  3,750             11,540
   Travel and Entertainment                 12,110             46,089
   Depreciation & Amortization              20,674              8,998
   Engineering                                   -             27,175
   Freight & Delivery                        5,061              9,586
   Public Relations                          4,200              4,770
   Stockholder Expenses                     41,208            144,831
   Telephone                                10,486             13,655
   Insurance                                18,835                (89)
   Rent                                     16,820              5,400
   Other-Misc                                  581              6,644
   Repairs                                   2,102              3,022
   Contract Labor                            2,595              2,716
   Dues and Subscriptions                    1,024              5,781
   Office Supplies                           3,295              6,791
   Office Equipment                            175                  -
   Equipment Lease                           5,052              8,646
   Postage                                   1,406              3,866
   Trade Shows and Printing                     27              3,995
                                       -----------         ----------
      Total Operating Expenses             577,324          1,582,366

Other Income(expense)
   Interest                                (25,512)           (57,486)
   Currency Conversion Net Loss                  -                  -
    Income Tax Expense                     103,079            497,875
                                       -----------         ----------
                                            77,567            440,389

      Total Net Income (Loss)          $  (245,707)       $(1,141,977)
                                       ===========        ===========

Shares Outstanding                      57,962,008         19,749,913
EPS                                    $    (0.004)       $    (0.058)
EPS - Fully Diluted                    $    (0.004)       $    (0.058)

See accompanying notes to financial statements.
                                       7
<PAGE>


<TABLE>
<CAPTION>
                                        ITEC ENVIRONMENTAL GROUP
                       CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                                   FOR THE PERIOD ENDED JUNE 30, 2003



                                    No. of Common    Stock        Additional      Accumulated     Total
                                    Stock Shares     Amount     Paid-In Capital     Deficit
                                    -----------------------------------------------------------------------

<S>                                  <C>          <C>           <C>               <C>           <C>
Balance at December 31, 2000           6,651,987     1,000                         (1,214,661)   (1,213,661)
                                     ----------------------------------------------------------------------

Balance at December 31, 2001          12,692,000   212,608       1,090,460         (3,818,028)   (2,514,960)
                                     ----------------------------------------------------------------------

Balance at December 31, 2002          41,997,068   254,715       3,517,163         (6,240,133)   (2,468,255)
                                     ----------------------------------------------------------------------

Net Income for the period ended
   June 30, 2003                                                                      (65,375)      (65,375)

Common Stock Issued
   June 30, 2003                       3,175,520     3,176         102,764                          105,940

Common Stock Issued for Services
   June 30, 2003                       9,489,420     9,489         344,108                          353,597

Par value stock adjustment                        (212,718)        212,718
                                     ----------------------------------------------------------------------

Balance at June 30, 2003 (Unaudited)  57,962,008  $ 57,962      $4,258,453        $(6,485,840)  $(2,169,425)
                                     ======================================================================
</TABLE>

See accompanying notes to financial statements.

                                       8
<PAGE>
                             ITEC ENVIRONMENTAL GROUP
                     STATEMENT OF CASH FLOWS (CONSOLIDATED)
                                  (Unaudited)

                                                           Six Months Ended
                                                        6/30/03       6/30/02
                                                       ---------    -----------

Cash Flows From Operating Activities
   Net Income                                          $(245,707)   $(1,141,977)
   Adjustments to reconcile Net Income
   to net cash provided by operations:
      Increase/Decrease in accounts receivable          (297,678)             -
      Increase/Decrease in Inventory                     156,973         (3,800)
      Increase/Decrease in accounts payable, accrued     100,198        (34,548)
      expenses and other
      Increase/Decrease in deferred revenue              305,190
      Increase/Decrease in provision for income taxes   (105,303)      (492,875)
      Increase/Decrease in other assets                  (24,345)       (47,011)
                                                       ---------    -----------

Net Cash provided by Operation Activities               (110,672)    (1,720,211)
                                                       ---------    -----------

Cash Flows From Investing Activities
      Net cash used in investing activities              (72,494)       (80,562)
                                                       ---------    -----------

Cash Flows From Financing Activities
      Notes payable                                     (368,767)
      Issuance of common stock                           544,538      1,965,604
                                                       ---------    -----------

Net Cash provided by Financing Activities                175,771      1,965,604


Net Cash increase for period                              (7,395)       164,831
                                                       ---------    -----------

Cash at beginning of period                              (11,791)         4,253


Cash at end of period                                 $  (19,186)   $   169,084
                                                      ==========    ===========

See accompanying notes to financial statements.

                                       9

<PAGE>

                  ITEC ENVIRONMENTAL GROUP, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003

NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

     (a)  General
          -------

Beechport Capital Corp. ("Beechport") was organized as a Colorado corporation on
January 24, 1989, in order to evaluate, structure and complete a merger with or
acquisition of, prospects consisting of private companies, partnerships or sole
proprietorships.

ITEC Environmental Group, Inc. ("Itec") was incorporated under the laws of the
State of Delaware on March 28, 2000. Itec was formed for the purpose of
acquiring certain patented technology and the development of a worldwide market
for its usage.

At a special September 27, 2002 meeting of the shareholders of Beechport Capital
Corp., the Company authorized changing its name by merging into its wholly-owned
subsidiary, Itec Environmental Group, Inc., thus changing the domicile of the
Company from Colorado to Delaware.

The Company's business plan is to attempt to build on the foundation of the
patented technology and proprietary equipment and to form strategic alliances
and a management team to become a worldwide supplier of oil and agricultural
chemical container recycling equipment and related systems. The Company's
initial marketing of the technology will be concentrated in Italy but is
intending to market in the future in the United States and other countries.

The Company's subsidiary, ECO2 Environmental Systems, Inc. ("ECO2") was
incorporated under the laws of the State of Delaware on April 10, 2000. The only
activity to date was the registration of a trademark for ECO2.

Unless the context indicates otherwise all references herein to the Company
include Itec Environmental Group, Inc. its predecessor Beechport Capital Corp.
and its wholly-owned subsidiary ECO2 Environmental Systems, Inc.

     (b)  Basis of Presentation
          ---------------------

The accompanying unaudited interim financial statements of the Company have been
prepared in accordance with accounting principles generally accepted in the
United States for interim financial information.

Accordingly, they do not include all of the information and notes required by
accounting principles generally accepted in the United States for complete
financial statements. The accompanying financial statements reflect all
adjustments (consisting of normal recurring accruals), which are, in the opinion
of management, considered necessary for a fair presentation of the results for
the interim periods presented. Operating results for the quarter ended June 30,
2003 are not necessarily indicative of the results that may be expected for the
fiscal year ending December 31, 2003. These financial statements should be read
in conjunction with the audited financial statements included in the Company's
amended Annual Report on Form 10-KSB/A for the year ended December 31, 2002.

                                       10
<PAGE>

NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, Continued

     (c)  Per Share Information
          ---------------------

Basic net earnings (loss) per common share is computed by dividing net earnings
(loss) applicable to common shareholders by the weighted-average number of
common shares outstanding during the period. Diluted net earnings (loss) per
common share is determined using the weighted-average number of common shares
outstanding during the period, adjusted for the dilutive effect of common stock
equivalents, consisting of shares that might be issued upon exercise of common
stock options or warrants.

     (d)  Furniture and Equipment
          -----------------------
Property and equipment are recorded at cost. Depreciation is provided over the
estimated useful lives of the related assets using the straight-line method for
financial statement purposes. The Company uses other depreciation methods
(generally, accelerated depreciation methods) for tax purposes where
appropriate. Amortization of leasehold improvements is computed using the
straight-line method over the shorter of the remaining lease term or the
estimated useful lives of the improvements.

     (e)  Revenue and Expense Recognition
          -------------------------------

As of June 30, 2003, the Company had revenue of $455,000. The Company intends to
recognize revenues from sales of equipment upon delivery as earned as per SAB
101.

Amounts billed in advance of the period in which a service is rendered or a
product is delivered are recorded as a liability under "Deferred Revenue". At
June 30, 2003, deferred revenue totaled $475,190 for the sale of ECO2 systems
not yet shipped.

Effective January 1, 2001, the Company adopted SFAS No. 131, "Disclosures about
Segments of an Enterprise and Related Information". For the quarter ended June
30, 2003 revenue attributed to foreign sales was $450,000 with all sales being
earned in Italy.

The Company contracts with others for the manufacturing of the equipment.
General and administrative expenses and the costs of advertising are expensed as
incurred.



                                       11
<PAGE>

NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, Continued

     (f)  Concentrations
          --------------

Financial instruments that potentially subject the company to concentrations of
credit risk consist principally of temporary cash investments and cash
equivalents and trade accounts receivables. At June 30, 2003, the Company had no
amounts of cash or cash equivalents in U.S. financial institutions in excess of
amounts insured by agencies of the U.S. Government. At June 30, 2003 the Company
had trade receivables of $349,458. Initial trade receivables are expected to be
principally from customers in Italy. Since initial anticipated customers will be
from one geographic location, a concentration of credit risk could exist due to
potential changes in economic activity in that area. The Company does not
require collateral for its trade accounts receivables.

     (g)  Cash Equivalents
          ----------------

The Company considers all short-term investments in securities that mature in 90
days or less to be cash equivalents.

     (h)  Allowance for Doubtful Accounts
          -------------------------------

Based on collection experience of the Company, no allowance for doubtful
accounts has been provided. Historically the Company has never had any material
amounts of uncollectible accounts. Provision for doubtful accounts at June 30,
2003 is for a receivable from an officer stockholder without adequate
collateral.

     (i)  Use of Estimates in the Preparation of Financial Statements
          -----------------------------------------------------------

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenue and expenses during the reporting period. Actual
results could differ from those estimates.

     (j)  Geographic Area of Operations
          -----------------------------

Currently the Company operates its business principally in Italy. The potential
for severe financial impact can result from negative effects of economic
conditions within the markets or geographic areas. Since the Company's business
is principally in one area, this concentration of operations results in an
associated risk and uncertainty.



                                       12
<PAGE>

NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, Continued

     (k)  Goodwill and Intangible Assets
          -----------------------------

Effective January 1, 2001, the Company adopted SFAS No. 142, "Goodwill and Other
Intangible Assets," which requires that goodwill and intangible assets with
indefinite lives no longer be amortized but rather be reviewed annually, or more
frequently if impairment indicators arise, for impairment. Separable intangible
assets that are not deemed to have an indefinite life will continue to be
amortized over their useful lives. In assessing the recoverability of the
Company's goodwill and intangibles, the Company must make assumptions regarding
estimated future cash flows and other factors to determine the fair value of the
respective assets. If these estimates or assumptions change in the future, the
Company may need to record an impairment charge for these assets. An impairment
charge would reduce operating income in the period it was determined that the
charge was needed.

     (l) Development Stage Company
         -------------------------

Effective January 1, 2001, the Company adopted SFAS No. 7 "Accounting and
Reporting by Development Stage Enterprises". This Statement specifies the
guidelines for identifying an enterprise in the development stage and the
standards of financial accounting and reporting for such an enterprise. This
Statement requires development stage companies to do their accounting and to
prepare their financial statements using the same accounting principles as
established operating companies.

     (m) Future Impact of Recently Issued Standards
         ------------------------------------------

Effective January 1, 2001, the Company adopted SAB 11M "Disclosure of the Impact
that Recently Issued Accounting Standards Will Have on the Financial Statements
of the Registrant When Adopted in a Future Period". The Company evaluates new
standards and their future impact on the financial statements and discloses them
accordingly.


NOTE 2 -  BASIS OF PRESENTATION - GOING CONCERN

The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplates continuation of the
Company as a going concern. However, the Company has suffered recurring losses
from operations and has a net capital deficiency that raises substantial doubt
about the Company's ability to continue as a going concern. Management is
attempting to raise additional equity. The Company filed Form SB-2 June 20, 2003
in an effort to raise up to $5 million in additional equity. This registration
filing is under review by the SEC at this time.

In view of these matters, continuing as a going concern is dependent upon the
Company's ability to meet its financing requirements, raise additional capital,
and the success of its future operations or completion of a successful business
combination. Management believes that actions planned and presently being taken
to raise additional capital will provide the opportunity for the Company to
continue as a going concern.

                                       13
<PAGE>


NOTE 3 - COMMON STOCK

The Articles of Incorporation of Itec authorize a maximum of 750,000,000 shares
of $0.001 par value common stock and 10,000,000 shares of $0.001 par value
preferred stock. Each share of common stock is entitled to one voting right, the
right to share in earnings, and the right to share in assets upon liquidation.
At June 30, 2003, 57,962,008 shares of common stock were issued and outstanding.

On April 1, 2000, Itec entered into stock subscription agreements for the
issuance of 1,000 shares at $1.00 per share.

On July 3, 2000 Itec's Board of Directors approved the Company entering into
loan/investment agreements with various Italian investors not to exceed
$875,000. The Board also authorized the payment of a 10% commission on the funds
raised by the loan/investment agreements. The term of the loans as agreed to by
the Board would be three years. Interest would be payable monthly with the total
principal due in three years. The investors would have the right to participate
in future issuances of common stock on a pro rata basis, except that this
provision shall not apply prior to a business combination transaction in which
the common stock of Itec would become publicly traded, or if Itec were to
consummate an initial public offering.

On July 15, 2000, the Board also authorized the issuance of up to 15% of Itec's
common stock to the various Italian investors. In lieu of Itec's entering into
loan/investment agreements described above, a revised agreement between Itec's
President and the Italian investors was used which allowed participants in the
Italian GPDP Program to make loans at a rate of $5,500 per share of Itec common
stock. Funds thus generated (approximately $815,230 at March 31, 2002) were to
be repaid when Itec became a public company. Upon repayment of the advances, the
investors would retain their stock ownership. To comply with various Italian
regulations, Itec's President personally issued shares of Itec's common stock to
the Italian investors. The funds advanced from the investors were deposited in
accounts in ITEC's President's name and the advances were to Itec's President.
Due to the substance of the transaction over its form, the transactions have
been shown as Itec transactions with the cash balances and advances payable
recorded on the financial statements. Itec's President has represented that the
funds received are assets of Itec and Itec has assumed the related obligations.

On May 4, 2001 Beechport entered into a share exchange agreement with Itec to
acquire all the issued and outstanding shares of common stock of Itec in
exchange for 6,651,987 shares of Beechport's common stock. This business
combination resulted in the shareholders of ITEC owning approximately 66.5% of
the issued and outstanding shares of the Company's common stock (10,000,000
shares were outstanding upon completion of the transaction), and the Company
holding 100% of the issued and outstanding shares of Itec's common stock.

This transaction is a recapitalization of ITEC, with no revaluation of assets
and liabilities. Beechport was a shell corporation and therefore the acquisition
was not recorded as a purchase transaction.


                                       14
<PAGE>

NOTE 3 - COMMON STOCK, Continued

On May 28, 2001, the Company adopted the Beechport Capital Corp. 2001 Stock
Plan, which covers the issuance of up to 1,000,000 shares of common stock,
either directly or pursuant to options, to eligible employees, directors,
officers, consultants and advisors of the Company. The purpose of the plan is to
promote the best interest of the remuneration to selected eligible participants.
On June 7, 2001, the Company filed a registration statement on Form S-8 (File
No. 333-62520) to register the shares covered under the Plan.

In June and September of 2001 the Board authorized the issuance of up to
2,100,000 shares under S-8 filings for services performed for the Company.
1,992,000 shares were issued in early July. The Company's stock was trading in
the range of $0.50 to $0.90 with a five-day average of $0.72 per share. The
discount allowed was set at 25% resulting in a valuation of $0.54 per share. One
hundred thousand shares were issued in late September 2001. The Company's stock
was trading in the range of $0.28 to $0.43 with a five-day average of $0.36 pr
share. The discount allowed was set at 25% resulting in a valuation of $0.27 per
share.

In December 2001 the Company agreed to issue up to 5,000,000  shares of
common stock in an offering to be conducted outside the United States. As of
December 31, 2002 an aggregate of 5,016,508 shares of common stock had been
issued with the Company receiving net proceeds of $1,194,000 or $.24 per share.
In July 2002 the Company agreed to issue up to 7,500,000 shares of common stock
in an offering to be conducted outside the United States. As of December 31,
2002 an aggregate of 7,033,242 shares of common stock had been issued and the
Company had received net proceeds of $327,000 or $.05 per share. In December
2002 the Company agreed to a third round to issue up to 7,000,000 shares of
common stock in an offering to be conducted outside the United States. As of
June 30, 2003 an aggregate of 6,042,043 shares of common stock had been issued
and the Company had received net proceeds of $173,000 or $.03 per share. As of
June 30, 2003 the bid price for the Company's common stock was $.04 per share.

1,300,000 shares were issued in February 2003 for services rendered. The
Company's stock was trading in the range of $0.04 to $0.07 with a five-day
average of $0.05 per share. The discount allowed was set at 15% resulting in a
valuation of $0.05 per share.

During second quarter 2003, 6,689,417 shares were issued to various vendors for
services rendered. The average value of the shares was $.035.

The Company filed Form SB-2 June 20, 2003 in an effort to raise an additional $5
million equity. This registration filing is under review by the SEC at this
time.


NOTE 4 - COMMON STOCK AWARDED AS COMPENSATION

On May 21, 2003, 2,000,000 shares of common stock with a fair market value of
$72,000 was awarded to key executives as compensation.



                                       15
<PAGE>


NOTE 5 - NOTES PAYABLE

The Company entered into an agreement with Glenwood Marketing Associates, Inc.,
(GMA) effective April 25, 2000 whereby GMA agreed to lend $1,100,000 to the
Company. From the $1,100,000 loan the Company agreed to pay $200,000 of capital
formation fees to GMA. These fees were expensed in the year incurred.

The loan bears interest at 10% per annum payable in monthly interest only
payments for the 36-month term of the loan. The Company agreed to amend its
articles of incorporation so as to allow the issuance of a preemptive and
preferential right to purchase shares pursuant to Board of Director approval.
The Company agreed to promulgate a Board resolution to convey to GMA 20% of the
Company's issued and outstanding common stock and further that Board shall vest
GMA with preferential rights to acquire additional shares, at no cost to GMA,
when additional shares are issued, so as to maintain GMA's stock ownership
position at 20% of the issued and outstanding common stock. GMA's interest shall
be non-diluted, except that this provision shall not apply if the Company's
common stock becomes publicly traded.

The Company agreed, pursuant to this agreement, to pay GMA a $20,000 per month
consulting fee for 24 months, to allow GMA to appoint one member of the
Company's Board and to grant GMA a first right of refusal on leasing of all
machines built by the manufacturer of the equipment related to the license
agreement.

According to the terms of the agreement, the Company will become publicly traded
within twelve months of the loan agreement at which time all the officers and
directors of the Company will agree to a two year lock up of their Company
stock, GMA agreed to convert the debt to preferred stock upon ITEC becoming a
public company. The preferred stock will contain provisions for redemption
suitable to both parties. The Company also agreed that at least two of the
Company's Board members would approve verbally any Company expenditure of more
than $5,000.

The Company has also conveyed a covenant, so long as GMA acts in accordance with
the terms of the agreement, to hold GMA harmless from any and all claims that
may accrue and to indemnify and hold GMA harmless from any and all losses,
claims, liabilities and expenses, including reasonable costs of investigation,
counsel fees and disbursements, which may be imposed upon or incurred by GMA
with the conduct of its own business with the Company.

In June 2003, the Company filed a lawsuit against Glenwood Marketing Associates,
Inc., for declaratory relief from the note outstanding in the amount of
$1,100,000. This proceeding was filed in California Superior Court for
Stanislaus County. Service was effected on the defendant in June 2003. In July
2003, the company dropped the lawsuit.

In June 2003, Glenwood Marketing Associates, Inc. filed a lawsuit against the
Company seeking a Temporary Restraining Order to refrain from entering into a
Line of Credit with or transfer of stock to Cornell Capital. This proceeding was
filed in Supreme Court of the State of New York for Nassau County.


                                       16
<PAGE>


NOTE 6 - LEASES

Effective April 2001 the Company entered into a lease agreement for office
facilities in California. Under terms of the lease, the Company agreed to pay
monthly lease payments of $900 for 36 months. This lease was terminated in
February 2003 without cost to the company.

Effective January 2003 the Company entered into a lease agreement for office and
plant facilities in California. Under terms of the lease, the Company agreed to
pay monthly lease payments of $3,480 for 24 months.

Effective January 2003 the Company entered into various lease agreements for
office and plant equipment. The terms of these leases vary from 24 to 60 months.


Future minimum rentals under this operating sub-lease are as follows:

                    Year Ending December 31,
                            2003                             28,884
                            2004                             58,912
                            2005                             19,592
                            2006                              9,645
                            2007                              8,903
                                                       ------------
                            Total                      $    125,936
                                                       ============


NOTE 7 - TECHNOLOGY LICENSE

Effective June 30, 2000, the Company entered into a five-year patent license
agreement with Honeywell International, Inc. (Honeywell) whereby the Company
obtained a non-exclusive, nontransferable worldwide license to practice the
methods and to make, use, and sell, the products and/or covered by the
proprietary rights limited to the field of use of separating and recovering
motor oil from high density polyethylene plastic. Under the terms of the
agreement the Company agreed to pay a $50,000 non-refundable initial license fee
and an additional minimum annual royalty commencing upon delivery of the first
equipment to an ITEC customer, of the greater of $50,000 or 5% of the gross
sales of all products sold and services sold in the United States and 3% of the
products or services sold in countries other than the United States. The initial
license fee of $50,000 is not creditable toward the minimum annual royalty and
was payable in three equal installments. The first was due upon the execution of
the contract, the second on December 1, 2001 and the third on April 1, 2001. At
March 31, 2002, $33,333 was accrued as a liability.


                                       17
<PAGE>

NOTE 7 - TECHNOLOGY LICENSE, Continued

On April 25, 2001, Honeywell revised the payment schedule to reflect the updated
delivery schedule so that the previous December 1, 2001 payment is now due May
30, 2001 and the final payment due September 30, 2001. As of March 31, 2002, the
$16,667 paid and the additional $33,333 accrued have been accounted for as
prepaid expenses based upon the revised agreement whereby these amounts apply
only upon shipment of the first equipment systems. The amounts are not
refundable and will be expensed upon shipment. This agreement shall
automatically renew for additional one-year periods after the end of the initial
five-year term unless written notice is given by either party of its intent to
terminate the agreement. Honeywell may terminate this agreement in the event of
bankruptcy or insolvency of the Company, an assignment for the benefit of
creditors of the Company, the nationalization of the industry which encompasses
any products or services, any suspension of payments under the terms of the
agreement by government regulation, the Company's failure to commence
manufacture of the agreement, a substantial change in ownership of the Company
(whether resulting from merger, acquisition, consolidation or otherwise),
another company or person acquiring control of the Company, or the existence of
a state of war between the United States and any country where the Company has a
license to manufacture products of services. In addition, if either party to the
agreement defaults for any reason in any of the obligations under the terms of
the agreement, the other party will have the right to terminate the agreement by
giving at least 60 days written notice.

There are no rights to sub-license granted under the terms of this agreement.
The Company has agreed to invest in the commercial development of the technology
and market for the product by committing resources at minimum in accordance with
various requirements as set forth in the commercialization plan provided by the
Company for consideration to Honeywell when the Company applied for the license.
The terms of the agreement require the Company to observe all applicable United
States and foreign laws, regulations, rules, and decrees with respect to the
transfer of the proprietary rights and related technical data to foreign
countries and failure to conform to such laws, regulations, rules and decrees
may result in criminal liability.

The $50,000 license fee is recorded as an intangible asset and is being
amortized over the initial five year term of the license agreement on a
straight-line basis. Management's policy with respect to long-lived assets,
including intangible assets, is to periodically review the carrying amounts, at
least annually, to determine if there is any impairment in the carrying value.
As of June 30, 2003, management believes that there is no impairment in the
carrying value of any of its long-lived assets.


NOTE 8 -  RECEIVABLE RELATED PARTY

On July 5, 2001 the Company's Board of Directors approved and authorized the
Company to make a loan of $250,000 to the Company's President. The loan,
according to the minutes of the Board meeting, is interest only for ten years
with the total principal due at the end of ten years. Interest in the amount of
$18,958 has been waived in the year ended December 31, 2002 and $9,479 in year
ended December, 2001 by the board of directors and were recorded as compensation
expense in the respective periods. As of June 30, 2003, $236,973 was advanced on
the loan.

                                       18
<PAGE>


NOTE 9 - AGREEMENT

The Company has entered into an agreement with Cesmet Laboratories SRL, an
Italian company for a cooperative effort in development of the General Plastic
Development Program (GPDP) and the oversight of ITEC's Italian operations. The
fees for this agreement are on a time and expense basis billed monthly. A
director of the Company is a 50% owner of Cesmet Laboratories SRL.


NOTE 10 - SUBSIDIARY

On April 11, 2001, ITEC formed a wholly owned subsidiary and incorporated it as
a Delaware corporation known as ECO2 Environmental Systems. The only activity to
date was the registration of a trademark for ECO2.


NOTE 11 - SUBSEQUENT EVENTS

In early July, the Company borrowed $100,000 through a Note Payable bearing 8%
interest annually due and payable in December 2003.

In early August, the Company rolled the aforementioned $100,000 Promissory Note
due in December, 2003 into a new $600,000 Promissory Note Payable bearing 8%
interest annually due and payable in January 2004.

In June 2003, Glenwood Marketing Associates, Inc. filed a lawsuit against the
Company seeking a Temporary Restraining Order to refrain from entering into a
Line of Credit with or transfer of stock to Cornell Capital. This proceeding was
filed in Supreme Court of the State of New York for Nassau County. In late July,
the Company filed to move this action into the United States District Court for
the Eastern District of New York.

In July 2003, the Company dismissed its lawsuit for declaratory relief in the
amount of $1,100,000 against Glenwood Marketing Associates, Inc. filed in
California Superior Court for Stanislaus County.


                                       19
<PAGE>


ITEM 2.  Management's Discussion and Analysis or Plan of Operation

Itec continues to operate as a "Development Stage Company".

During the next twelve months the Company intends to continue marketing its ECO2
cleaning system for eventual sales. In February 2003, the Company also opened a
plastic recycling plant in Stanislaus County, California.

The Company, has purchased, leased or made other arrangements for all equipment
necessary for the plastic recycling plant in California and with the opening of
this plant the Company is expected to increase its employment base. The Company
has entered into a two year lease with an option for an additional one year
period on a building for this project.

The Company has suffered recurring losses from operations and has a net capital
deficiency that raises substantial doubt about the Company's ability to continue
as a going concern. As of June 30, 2003 the Company does not have sufficient
cash or lines of credit for the next twelve months but is in the process of
raising funds through a series of offerings. Through these offerings the Company
is attempting to obtain sufficient cash or lines of credit to satisfy its needs
for the twelve months ending June 30, 2004.

The Company filed Form SB-2 with the SEC on June 20, 2003 in an effort to raise
an additional $5 million of equity. This registration filing is currently under
review by the SEC, with the Company receiving the first round of comments from
the SEC on August 8, 2003. The Company is in process of responding to those
comments at this time. There is no guaranty, however, that this offering or any
other efforts will result in the Company raising sufficient capital or any
capital or additional financing.

Amounts billed in advance of the period in which a service is rendered or a
product is delivered are recorded as a liability under "Deferred Revenue". At
June 30, 2003, deferred revenue totaled $475,190 for the sale of ECO2 systems
not yet shipped.

As of June 30, 2003, the testing and evaluation of the first Gen-2 system
delivered to our Italian customer continues. Further manufacturing and delivery
of ECO2 systems will continue once those results and evaluations have been
completed.

Critical Accounting Policies and Estimates

Management's Discussion and Analysis of Financial Condition and Results of
Operations discusses the Company's condensed consolidated financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States. The preparation of these condensed consolidated
financial statements requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and the disclosure of
contingent assets and liabilities at the date of the condensed consolidated
financial statements and the reported amounts of revenues and expenses during
the reporting period. On an on-going basis, management evaluates its estimates
and judgments, including those related to revenue recognition, bad debts,


                                       20
<PAGE>

inventories, income taxes and intangibles. Adhering to SAB 11M, the Company
evaluates new standards and their future impact on the financial statements and
discloses them accordingly. Management bases its estimates and judgments on
historical experience and on various other factors that are believed to be
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities that are
not readily apparent from other sources. Actual results may differ from these
estimates under different assumptions or conditions. Management believes the
following critical accounting policies, among others, affect its more
significant judgments and estimates used in the preparation of its condensed
consolidated financial statements.

Deferred tax assets:

The Company has approximately $1.6 million in deferred tax assets as of June 30,
2003 to record against future income. The Company does not have a valuation
allowance against this asset as it believes it is more likely than not that the
tax assets will be realized. The Company has considered future income
expectations and prudent tax strategies in assessing the need for a valuation
allowance. In the event the Company determines in the future that it needs to
record a valuation allowance, an adjustment to deferred tax assets would be
charged against income in the period of determination.

Effective January 1, 2001, the Company adopted SFAS No. 7 "Accounting and
Reporting by Development Stage Enterprises". This Statement specifies the
guidelines for identifying an enterprise in the development stage and the
standards of financial accounting and reporting for such an enterprise. This
Statement requires development stage companies to do their accounting and to
prepare their financial statements using the same accounting principles as
established operating companies.

Effective January 1, 2001, the Company adopted SFAS No. 109, "Accounting for
Income Taxes", this Statement establishes financial accounting and reporting
standards for the effects of income taxes that result from an enterprise's
activities during the current and preceding years. It requires an asset and
liability approach for financial accounting and reporting for income taxes.

Effective January 1, 2001, the Company adopted SFAS No. 131, "Disclosures about
Segments of an Enterprise and Related Information", which establishes standards
for the way that public business enterprises report information about operating
segments in annual financial statements and requires that those enterprises
report selected information about operating segments in interim financial
reports issued to shareholders. It also establishes standards for related
disclosures about products and services, geographic areas, and major customers.

Effective January 1, 2001, the Company adopted SFAS No. 142, "Goodwill and Other
Intangible Assets," which requires that goodwill and intangible assets with
indefinite lives no longer be amortized but rather be reviewed annually, or more
frequently if impairment indicators arise, for impairment. Separable intangible
assets that are not deemed to have an indefinite life will continue to be
amortized over their useful lives. In assessing the recoverability of the
Company's goodwill and intangibles, the Company must make assumptions regarding
estimated future cash flows and other factors to determine the fair value of the
respective assets. If these estimates or assumptions change in the future, the
Company may need to record an impairment charge for these assets. An impairment
charge would reduce operating income in the period it was determined that the
charge was needed.

                                       21
<PAGE>

RISK FACTORS

The following risk factors should be considered carefully in addition to the
other information presented in this report. This report contains forward looking
statements that involve risks and uncertainties. Our actual results may differ
significantly from the results discussed in the forward looking statements.
Factors that might cause such differences include, but are not limited to, the
following:

IF WE CANNOT OBTAIN ADDITIONAL FUNDS WHEN NEEDED, OR ACHIEVE PROFITABILITY WE
MAY NOT BE ABLE TO CONTINUE AS A GOING CONCERN.

Our independent auditors have included an explanatory paragraph in their 2002
audit report referring to our recurring operating losses and a substantial doubt
about our ability to continue as a going concern. Management is evaluating
various funding alternatives and believes funds will be available from obtaining
additional financing and from sales revenue sufficient to support planned
operations through December 31, 2003. However, there can be no assurance that we
will be able to raise additional funds or achieve planned sales volumes. If we
do not secure additional funding, we will be unable to conduct all of our
product development efforts as planned, and we may need to cease operations or
sell assets. In addition, the existence of the explanatory paragraph in the
audit report may in and of itself cause our stock price to decline as certain
investors may be restricted or precluded from investing in companies that have
received this notice in an audit report.

Our management has implemented plans designed to reduce our cash requirements
through reductions in operating expenditures and reductions in development
activities should collaborative partners or additional funding not be secured.
However, there can be no assurance that we will be able to successfully
implement these plans or that we will be able to do so without significantly
harming our business, financial condition or results of operations.

WE DO NOT HAVE A LONG OPERATING HISTORY, WHICH MAKES IT DIFFICULT FOR YOU TO
EVALUATE OUR BUSINESS.

Because limited historical information is available on our revenue trends and
operations, it will be difficult for you to evaluate our business. Our prospects
must be considered in light of the substantial risks, expenses, uncertainties
and difficulties encountered by any emerging technology.

WE HAVE A HISTORY OF LOSSES.

We have never been profitable, and we have had operating losses since our
inception. To date, we have engaged primarily in research and development
efforts. The further development and commercialization of our products will
require substantial development, regulatory, sales and marketing, manufacturing
and other expenditures. We have only generated limited revenues from product
sales.
Our accumulated deficit was about $6.5 million at June 30, 2003.


                                       22
<PAGE>

IF WE CANNOT OBTAIN ADDITIONAL FUNDS WHEN NEEDED, WE WILL NOT BE ABLE TO
IMPLEMENT OUR BUSINESS PLAN.

We will require substantial additional capital to develop our products,
beginning and scaling up manufacturing, and marketing our products. We have
historically funded a significant portion of our activities through stock
issuance. We are seeking additional equity investment through various sources.
If we are not able to secure additional equity investment or lines of credit it
may seriously limit our ability to execute our business plan.

Cautionary Statement:

This report contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements include statements regarding
intent, belief or current expectations of the Company and its management. These
forward-looking statements are not guarantees of future performance and involve
a number of risks and uncertainties that may cause the Company's actual results
to differ materially from the results discussed in these statements. Factors
that might cause such differences include, but are not limited to, those
described under the heading, "Critical Accounting Policies and Estimates"
herein, or and other factors described in the Company's future filings with the
SEC. The above referenced sections do not apply to our company.


ITEM 3.  Controls and Procedures

An evaluation was carried out by the Company's management, including our Chief
Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures as of
June 30, 2003 (as defined in Rule 13a-15(e) or 15d-15(e) under the Securities
Exchange Act of 1934). Based upon that evaluation, the Chief Executive Officer
and Chief Financial Officer concluded that the design and operation of these
disclosure controls and procedures were effective.

During the period covered by this report, there have been no changes in the
Company's internal control over financial reporting that have materially
affected or are reasonably likely to materially affect the Company's internal
control over financial reporting.

                                     PART II

ITEM 1.  Legal Proceedings

In early 2003 the Company filed a lawsuit against Fedegari Autoklaven A.G. for
fraud, breach of contract and unfair business practices. This legal proceeding
was filed in California Superior Court for Stanislaus County. Service was
effected on the defendant in June 2003. This case has been moved to U.S.
District Court, Eastern Division of California. The Defendant has moved to
dismiss and this action is pending.


                                       23
<PAGE>

In June 2003, the Company filed a lawsuit against Glenwood Marketing Associates,
Inc., for declaratory relief from the note outstanding, in the amount of
$1,100,000. This proceeding was filed in California Superior Court for
Stanislaus County. Service was effected on the defendant in June 2003. In July
2003, the company dismissed this lawsuit.

In June 2003, Glenwood Marketing Associates, Inc. filed a lawsuit against the
Company seeking a Temporary Restraining Order to refrain from entering into a
Line of Credit with or transfer of stock to Cornell Capital. This proceeding was
filed in Supreme Court of the State of New York for Nassau County.


ITEM 2.  Changes in Securities and Use of Proceeds

RECENT SALES OF UNREGISTERED SECURITIES.

Pursuant to a similar Regulation S Stock Purchase Agreement dated December 15,
2002, (the "Third Agreement") between the Company and Starz, the Company agreed
to sell and Starz agreed to use its best efforts to purchase up to 7,000,000
shares of the Company's common stock, at a purchase price equal to 35% of the
bid price of the Company's shares as quoted on the OTC Bulletin Board for the
five consecutive trading days immediately preceding the date of a purchase order
received by the Company. As of June 30, 2003 an aggregate of 6,042,043 shares
had been purchased under the Third Agreement by foreign designees of Starz and
the Company had received net proceeds of $172,940 or $.028 per share. Under the
terms of these Agreements, Starz has the right to require the Company to include
the shares in any registration statement under the Act filed by the Company
after a period of one year from the date of purchase of such shares. All costs
in connection with such registration are to be paid by the Company. The Company
claims the exemption from registration of these transactions afforded by
Regulation S under the Act in that all sales of the shares were made in
"off-shore transactions" to persons who are not U.S. persons. No "directed
selling efforts" were engaged in by either the Company or Starz and Starz made
other representations and entered into other agreements consistent with the
provisions of Regulation S. The funds raised were used for working capital and
capital projects.

During second quarter 2003, 6,689,417 shares were issued to various vendors for
services rendered. The average value of the shares
was $.035.

On May 21, 2003, 2,000,000 shares of common stock with a fair market value of
$72,000 was awarded to key executives as compensation.


ITEM 3.  Defaults Upon Senior Securities   (None)


ITEM 4.  Submission of Matters to a Vote of Security Holders   (None)


ITEM 5.  Other Information   (None)


                                       24
<PAGE>

ITEM 6.  Exhibits and Reports on Form 8-K

(a)  Exhibits


31.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
     1350,as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
     1350,as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
     1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
     1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(b)   Reports on Form 8-K:  None



                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the Company caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


Dated:  August 18, 2003            ITEC ENVIRONMENTAL GROUP, INC.
                                     (Registrant)


                                 BY  /s/ Gary M. De Laurentiis
                                     -------------------------
                                     Gary M. De Laurentiis
                                     Chief Executive Officer


                                 BY  /s/ Michael E. Hofmann
                                     -------------------------
                                     Michael E. Hofmann
                                     Chief Financial Officer



                                       25