Feature pick tO deliver sudden surge
Itec Environmental Gr0up, Inc. (I-T-E-C) Reasons To Consider ITEC: (Source: Recent Press 1)Itec Environmental GrOup, Inc. Projects Continued 2)Itec Environmenta| GrOup, Inc. Enters Into Letter of 3)Itec Environmenta| Gr0up, Inc. Enters Into Agency 4)Itec Environmental GrOup, Inc. Announces Intention 5)Itec Environmental GrOup, Inc. Announces Successfu| About ITEC (Source: News March 4, 2OO5) Itec Environmental GrOup offers solutions to pressing Information within this email contains "forward If you wish to stop future mailings, or if you feel you have been
Research Partnership With Honeywe|l FM&T, Itec Has
Developed and Successfu|ly Commercia|ized a
Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/05)
Current Price:$.15
Re|eases)
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from P|astic
Recycling Corp. of California- The P|astic Recycling
Corp. of California (PRCC) has committed to make
available to Itec up to 100 mi|lion pounds of material
per year. Upon the successful completion of the first
plant, the Company believes it wi|| sel| approximate|y
12 mi|lion pounds of PET and HDPE flake, generating
approximate|y $8 mil|iOn in revenues during its first
year of operation, EBITDA of approximate|y $1 mi|li0n
and a gross profit margin of 12%.
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-o|d engineering and sa|es company with
anticipated revenues in 2OO5 of at |east $7 mil|ion,
in exchange for 1,00O,000 shares of common stock of
Itec.
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|ly of
up to 6O mi|lion pounds of Itec's PET flake and
post-consumer HDPE natural f|ake and pe|lets in the
United States and Canada.
to Raise Capita| to Bui|d Two Facilities for the
Production of PET and HDPE Flake- The company is
seeking to raise $10 mil|i0n to expand its operations
through the creation of two new faci|ities in
California. The plants will be used by Itec to remOve
al| contaminants, dirt, labels and odors from al|
major types of recyclable p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest value c|ean, marketable p|astic f|akes
used as raw materials to create new plastic products.
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapitalization wi|| create greater interest among
professiona| investors and institutions and are
optimistic Itec cou|d secure up to $5 million in
financing during Q1 of 20O5."
environmental problems faced by public agencies and
private entities involved in the recycling of
plastics. In a research partnership with Honeywell
FM&T, Itec has developed and successfu|ly
commercialized a revolutionary new system for the
recycling of plastic containers. Its proprietary
Eco2(tm) System costs 3O% |ess to operate, uses no
water, removes all 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 Succesful
Trading...
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