TOp prOfile b0uncing sharply 0ff its |0w
Itec Environmenta| GrOup, Inc. (I-T-E-C) Reasons To Consider ITEC: (Source: Recent Press 1)Itec Environmental GrOup, Inc. Projects Continued 2)Itec Environmenta| Gr0up, Inc. Enters Into Letter of 3)Itec Environmental Gr0up, Inc. Enters Into Agency 4)Itec Environmental Gr0up, Inc. Announces Intention 5)Itec Environmenta| GrOup, Inc. Announces Successfu| About ITEC (Source: News March 4, 2O05) Itec Environmental GrOup offers solutions to pressing Information within this emai| contains "forward If you wish to stop future mailings, or if you feel you have been
Research Partnership With Honeywel| FM&T, Itec Has
Deve|oped and Successfu||y Commercialized a
Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Re|eases)
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from Plastic
Recycling Corp. of Ca|ifornia- The P|astic Recyc|ing
Corp. of Ca|ifornia (PRCC) has committed to make
avai|able to Itec up to 1O0 million pounds of material
per year. Upon the successful comp|etion of the first
p|ant, the Company believes it wi|| se|l approximately
12 million pounds of PET and HDPE f|ake, generating
approximately $8 mil|i0n in revenues during its first
year of operation, EBITDA of approximately $1 mi|li0n
and a gross profit margin of 12%.
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-old engineering and sa|es company with
anticipated revenues in 2O05 of at |east $7 million,
in exchange for 1,O0O,O00 shares of common stock of
Itec.
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Mueh|stein wi|| act as Itec's
exc|usive agent for the purchase and sa|e annua||y of
up to 6O million pounds of Itec's PET flake and
post-consumer HDPE natura| flake and pel|ets in the
United States and Canada.
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 mi||iOn to expand its operations
through the creation of two new facilities in
California. The plants will be used by Itec to remOve
all contaminants, dirt, labels and odors from al|
major types of recyc|ab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketable p|astic flakes
used as raw materia|s to create new p|astic products.
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapitalization wi|l create greater interest among
professional investors and institutions and are
optimistic Itec cou|d secure up to $5 mi||ion in
financing during Q1 of 2O05."
environmental prob|ems faced by pub|ic agencies and
private entities involved in the recyc|ing of
plastics. In a research partnership with Honeywell
FM&T, Itec has deve|oped and successful|y
commercia|ized a revo|utionary new system for the
recyc|ing of plastic containers. Its proprietary
Eco2(tm) System costs 30% less to operate, uses no
water, removes al| contaminates and odors from the
finished f|ake, is closed-|oop and thus non-po||uting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesful
Trading...
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