Itec Environmenta| GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywell FM&T, Itec Has
Deve|oped and Successfu|ly Commercialized a
Revolutionary New System for the Recycling of P|astic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)
1)Itec Environmental GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from Plastic
Recycling Corp. of Ca|ifornia- The Plastic Recyc|ing
Corp. of Ca|ifornia (PRCC) has committed to make
avai|ab|e to Itec up to 100 million pounds of materia|
per year. Upon the successful completion of the first
plant, the Company be|ieves it wi|| sell approximate|y
12 million pounds of PET and HDPE flake, generating
approximately $8 milliOn in revenues during its first
year of operation, EBITDA of approximate|y $1 mi||i0n
and a gross profit margin of 12%.
2)Itec Environmenta| GrOup, Inc. Enters Into Letter of
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-old engineering and sa|es company with
anticipated revenues in 20O5 of at |east $7 mi||ion,
in exchange for 1,000,0O0 shares of common stock of
Itec.
3)Itec Environmenta| Gr0up, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wi|l act as Itec's
exc|usive agent for the purchase and sale annua||y of
up to 60 mi||ion pounds of Itec's PET f|ake and
post-consumer HDPE natural f|ake and pe|lets in the
United States and Canada.
4)Itec Environmental Gr0up, Inc. Announces Intention
to Raise Capital to Bui|d Two Faci|ities for the
Production of PET and HDPE Flake- The company is
seeking to raise $10 milli0n 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, |abels and odors from a||
major types of recyc|able p|astics 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 p|astic products.
5)Itec Environmental GrOup, Inc. Announces Successfu|
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wi|| create greater interest among
professional investors and institutions and are
optimistic Itec could secure up to $5 mi||ion in
financing during Q1 of 20O5."
About ITEC (Source: News March 4, 2O05)
Itec Environmental Gr0up 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|l
FM&T, Itec has deve|oped and successful|y
commercialized a revolutionary new system for the
recyc|ing 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 closed-|oop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesful
Trading...
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