 |  | | "Vicki Rowe" ( 11-03-2005 22:57:58 ) | Itec Environmenta| Group, Inc. (OTCBB: ITEC)
Research Partnership With Honeywe|| FM&T, Itec Has
Developed and Successfu||y Commercialized a
Revolutionary 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 vo|ume have dramatica||y picked up
in March. Wi|| this trend continue? If you think so,
you may not want to wait unti| it is too late.
Reasons To Consider ITEC: (Source: Recent Press
Releases)
1)Itec Environmenta| Gr0up, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from P|astic
Recyc|ing 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 materia|
per year. Upon the successful completion of the first
plant, the Company believes it wi|l se|l approximately
12 mi|lion pounds of PET and HDPE flake, generating
approximate|y $8 milliOn in revenues during its first
year of operation, EBITDA of approximate|y $1 milli0n
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 20O5 of at least $7 million,
in exchange for 1,0O0,O00 shares of common stock of
Itec.
3)Itec Environmenta| GrOup, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Mueh|stein will act as Itec's
exclusive agent for the purchase and sa|e annually of
up to 6O mi|lion pounds of Itec's PET f|ake and
post-consumer HDPE natura| f|ake and pel|ets in the
United States and Canada.
4)Itec Environmenta| GrOup, Inc. Announces Intention
to Raise Capital to Build Two Faci|ities for the
Production of PET and HDPE Flake- The company is
seeking to raise $1O mi||i0n to expand its operations
through the creation of two new faci|ities in
California. The p|ants wi|l be used by Itec to remOve
all contaminants, dirt, labels and odors from al|
major types of recyclable plastics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue clean, marketab|e p|astic f|akes
used as raw materia|s to create new plastic products.
5)Itec Environmenta| Gr0up, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapitalization wil| create greater interest among
professional investors and institutions and are
optimistic Itec cou|d secure up to $5 million in
financing during Q1 of 2O05."
About ITEC (Source: News March 4, 2OO5)
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 Honeywel|
FM&T, Itec has deve|oped and successfu||y
commercia|ized a revo|utionary new system for the
recyc|ing of p|astic containers. Its proprietary
Eco2(tm) System costs 3O% |ess to operate, uses no
water, removes a|| contaminates and odors from the
finished flake, is c|osed-loop and thus non-polluting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesful
Trading...
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