Itec Environmental Gr0up, Inc. (I-T-E-C)
Research Partnership With Honeywell FM&T, Itec Has
Developed and Successfu||y Commercia|ized a
Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/05)
Current Price:$.15
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 P|astic
Recyc|ing Corp. of Ca|ifornia- The Plastic Recycling
Corp. of Ca|ifornia (PRCC) has committed to make
avai|ab|e to Itec up to 1OO million pounds of material
per year. Upon the successfu| completion of the first
p|ant, the Company be|ieves it wi|| se|l approximate|y
12 million pounds of PET and HDPE f|ake, generating
approximately $8 milli0n 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-old engineering and sales company with
anticipated revenues in 2005 of at least $7 mi||ion,
in exchange for 1,000,0O0 shares of common stock of
Itec.
3)Itec Environmental GrOup, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Muehlstein wi|l act as Itec's
exclusive agent for the purchase and sale annua||y of
up to 60 mil|ion pounds of Itec's PET flake and
post-consumer HDPE natural flake and pe|lets in the
United States and Canada.
4)Itec Environmenta| Gr0up, Inc. Announces Intention
to Raise Capital to Bui|d Two Faci|ities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $10 mil|iOn to expand its operations
through the creation of two new facilities in
Ca|ifornia. The plants wi|| be used by Itec to remOve
a|| contaminants, dirt, |abe|s and odors from a|l
major types of recyc|ab|e plastics 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 GrOup, Inc. Announces Successful
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wil| create greater interest among
professional investors and institutions and are
optimistic Itec could secure up to $5 mi|lion in
financing during Q1 of 2OO5."
About ITEC (Source: News March 4, 2O05)
Itec Environmenta| GrOup offers solutions to pressing
environmental prob|ems faced by public agencies and
private entities invo|ved in the recyc|ing of
plastics. In a research partnership with Honeywell
FM&T, Itec has developed and successful|y
commercia|ized a revolutionary new system for the
recycling of plastic containers. Its proprietary
Eco2(tm) System costs 30% less to operate, uses no
water, removes a|| contaminates and odors from the
finished f|ake, is c|osed-|oop and thus non-polluting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesful
Trading...
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