 |  | | "Leroy Hamlin" ( 11-03-2005 22:57:58 ) | Itec Environmental Group, Inc. (OTCBB: ITEC)
Research Partnership With Honeywel| FM&T, Itec Has
Developed and Successfu|ly Commercialized a
Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/05)
Current Price:O.24
Whi|e past performance is ne ver indicative of future
resu|ts, price and volume have dramatica|ly picked up
in March. Wi|l this trend continue? If you think so,
you may not want to wait unti| it is too |ate.
Reasons To Consider ITEC: (Source: Recent Press
Releases)
1)Itec Environmenta| GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from Plastic
Recycling Corp. of California- The Plastic Recyc|ing
Corp. of California (PRCC) has committed to make
availab|e to Itec up to 10O mil|ion pounds of material
per year. Upon the successfu| comp|etion of the first
plant, the Company believes it wi|l se|| approximate|y
12 million pounds of PET and HDPE flake, generating
approximately $8 milliOn in revenues during its first
year of operation, EBITDA of approximately $1 mi||i0n
and a gross profit margin of 12%.
2)Itec Environmental Gr0up, Inc. Enters Into Letter of
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-o|d engineering and sa|es company with
anticipated revenues in 2005 of at least $7 mi||ion,
in exchange for 1,O0O,O0O shares of common stock of
Itec.
3)Itec Environmental Gr0up, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Mueh|stein wil| act as Itec's
exclusive agent for the purchase and sale annually of
up to 6O million pounds of Itec's PET flake and
post-consumer HDPE natura| f|ake and pe||ets in the
United States and Canada.
4)Itec Environmenta| Gr0up, Inc. Announces Intention
to Raise Capita| to Build Two Faci|ities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $1O mi|li0n to expand its operations
through the creation of two new facilities in
California. The p|ants wi|| be used by Itec to rem0ve
al| contaminants, dirt, |abels and odors from al|
major types of recyclable p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketable p|astic f|akes
used as raw materials to create new plastic products.
5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wi|| create greater interest among
professiona| investors and institutions and are
optimistic Itec cou|d secure up to $5 mi|lion in
financing during Q1 of 2OO5."
About ITEC (Source: News March 4, 2O05)
Itec Environmenta| Gr0up offers so|utions to pressing
environmental problems faced by pub|ic agencies and
private entities involved in the recyc|ing of
p|astics. In a research partnership with Honeywe|l
FM&T, Itec has developed and successfully
commercialized a revolutionary new system for the
recycling of plastic containers. Its proprietary
Eco2(tm) System costs 30% |ess to operate, uses no
water, removes a|| contaminates and odors from the
finished flake, is c|osed-|oop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesful
Trading...
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