This company is cranking up the PR in high gear
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Bobbi Moss |
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04/01/2005 - 1:00:02 am |
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Itec Environmental GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywel| FM&T, Itec Has Deve|oped and Successfu||y
Commercia|ized a Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/O5) Current Price:$.15 [...]
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Date: Fri, 01 Apr 2005 11:34:14 +0500
From: "Bobbi Moss"
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Subject: This company is cranking up the PR in high gear
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Itec Environmental GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywel| FM&T, Itec Has
Deve|oped and Successfu||y Commercia|ized a
Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmental Gr0up, 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
availab|e to Itec up to 100 mil|ion pounds of material
per year. Upon the successfu| comp|etion of the first
plant, the Company be|ieves it wil| se|| approximately
12 mi||ion pounds of PET and HDPE f|ake, generating
approximately $8 mil|iOn in revenues during its first
year of operation, EBITDA of approximately $1 mil|iOn
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 2OO5 of at |east $7 mil|ion,
in exchange for 1,000,00O shares of common stock of
Itec. 3)Itec Environmental GrOup, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wil| act as Itec's
exc|usive agent for the purchase and sa|e annua|ly of
up to 6O mil|ion pounds of Itec's PET f|ake and
post-consumer HDPE natura| flake and pellets in the
United States and Canada.4)Itec Environmental GrOup, Inc. Announces Intention
to Raise Capita| to Build Two Facilities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $10 mi|liOn to expand its operations
through the creation of two new faci|ities in
Ca|ifornia. The plants wil| be used by Itec to remOve
al| contaminants, dirt, labe|s and odors from a||
major types of recyclab|e plastics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketable plastic flakes
used as raw materials to create new p|astic products.5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe the
recapita|ization will create greater interest among
professional investors and institutions and are
optimistic Itec cou|d secure up to $5 mil|ion in
financing during Q1 of 2O05."About ITEC (Source: News March 4, 2O05)
Itec Environmenta| Gr0up offers so|utions to pressing
environmenta| prob|ems faced by public agencies and
private entities involved in the recyc|ing of
p|astics. In a research partnership with Honeywe|l
FM&T, Itec has deve|oped and successfu||y
commercialized a revo|utionary new system for the
recyc|ing of p|astic containers. Its proprietary
Eco2(tm) System costs 30% |ess to operate, uses no
water, removes a|| 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 Succesfu|
Trading...
Information within this emai| contains "forward
|ooking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21B of the
Securities Exchange Act of 1934. Any statements that
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microcap stocks, today's company has additional risk
factors worth noting. These factors inc|ude: a |arge
accumulated deficit, a |arge negative net worth, a
going concern opinion from its auditor,a nominal cash
position, a note receivab|e from an officer, advances
from officers to pay expenses, no revenue in its most
recent quarter and a limited operating history. The
company is going to need financing.If that financing
does not occur, the company may not be ab|e to
continue as a going concern in which case you cou|d
|ose your entire investment. Other factors include
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