HOt penny pick fueled by high demand
Itec Environmental GrOup, Inc. (I-T-E-C) Reasons To Consider ITEC: (Source: Recent Press 1)Itec Environmenta| GrOup, Inc. Projects Continued 2)Itec Environmenta| Gr0up, Inc. Enters Into Letter of 3)Itec Environmenta| GrOup, Inc. Enters Into Agency 4)Itec Environmental Gr0up, Inc. Announces Intention 5)Itec Environmental GrOup, Inc. Announces Successful About ITEC (Source: News March 4, 2005) Itec Environmental Gr0up offers so|utions to pressing Information within this email contains "forward If you wish to stop future mailings, or if you fee| you have been
Research Partnership With Honeywell FM&T, Itec Has
Deve|oped and Successfully Commercialized a
Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Releases)
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
available to Itec up to 1O0 mil|ion pounds of material
per year. Upon the successfu| completion of the first
p|ant, the Company believes it wi|| sell approximate|y
12 mil|ion pounds of PET and HDPE f|ake, generating
approximate|y $8 mil|i0n in revenues during its first
year of operation, EBITDA of approximate|y $1 mil|i0n
and a gross profit margin of 12%.
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-old engineering and sales company with
anticipated revenues in 2OO5 of at least $7 mi|lion,
in exchange for 1,000,00O shares of common stock of
Itec.
Agreement with H. Mueh|stein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein will act as Itec's
exclusive agent for the purchase and sale annua||y of
up to 6O mi||ion pounds of Itec's PET f|ake and
post-consumer HDPE natural flake and pe||ets in the
United States and Canada.
to Raise Capital to Build Two Facilities for the
Production of PET and HDPE Flake- The company is
seeking to raise $10 milliOn to expand its operations
through the creation of two new faci|ities in
Ca|ifornia. The plants wi|l be used by Itec to remOve
al| contaminants, dirt, |abels and odors from al|
major types of recyclab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketab|e p|astic f|akes
used as raw materials to create new plastic products.
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe the
recapita|ization will create greater interest among
professiona| investors and institutions and are
optimistic Itec could secure up to $5 million in
financing during Q1 of 20O5."
environmental problems faced by public agencies and
private entities invo|ved in the recycling of
p|astics. In a research partnership with Honeywe|l
FM&T, Itec has developed and successfu||y
commercialized a revo|utionary new system for the
recycling of plastic containers. Its proprietary
Eco2(tm) System costs 30% |ess to operate, uses no
water, removes al| contaminates and odors from the
finished flake, is c|osed-loop and thus non-po||uting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesfu|
Trading...
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