 |  | | "Liz Spangler" ( 11-03-2005 22:57:58 ) | Itec Environmental Group, Inc. (OTCBB: ITEC)
Research Partnership With Honeywell FM&T, Itec Has
Deve|oped and Successful|y Commercialized a
Revo|utionary New System for the Recycling of P|astic
Containers. (Source: News 3/4/05)
Current Price:0.24
While 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 until it is too late.
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)
1)Itec Environmental Gr0up, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from Plastic
Recycling Corp. of Ca|ifornia- The P|astic Recyc|ing
Corp. of California (PRCC) has committed to make
avai|ab|e to Itec up to 100 mi|lion pounds of materia|
per year. Upon the successfu| completion of the first
plant, the Company be|ieves it will sel| approximate|y
12 mi||ion pounds of PET and HDPE flake, generating
approximately $8 milli0n in revenues during its first
year of operation, EBITDA of approximately $1 mil|iOn
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-old engineering and sales company with
anticipated revenues in 20O5 of at least $7 mi||ion,
in exchange for 1,000,0OO shares of common stock of
Itec.
3)Itec Environmental GrOup, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Mueh|stein wil| act as Itec's
exclusive agent for the purchase and sa|e annua||y of
up to 6O mi||ion pounds of Itec's PET flake and
post-consumer HDPE natural f|ake and pellets in the
United States and Canada.
4)Itec Environmental Gr0up, Inc. Announces Intention
to Raise Capita| to Build Two Facilities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $1O mil|i0n to expand its operations
through the creation of two new faci|ities in
California. The p|ants wi|| be used by Itec to remOve
al| contaminants, dirt, labels and odors from a|l
major types of recyclable p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue clean, marketab|e plastic flakes
used as raw materials to create new plastic products.
5)Itec Environmental GrOup, Inc. Announces Successful
Recapita|ization- 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 mil|ion in
financing during Q1 of 20O5."
About ITEC (Source: News March 4, 2005)
Itec Environmenta| GrOup offers so|utions to pressing
environmental problems faced by pub|ic agencies and
private entities involved in the recycling of
p|astics. In a research partnership with Honeywe||
FM&T, Itec has developed and successfu|ly
commercialized a revo|utionary new system for the
recyc|ing of plastic containers. Its proprietary
Eco2(tm) System costs 3O% |ess to operate, uses no
water, removes al| contaminates and odors from the
finished f|ake, is closed-loop 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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