TOp h0t pick in the right sect0r at the right time
| From Name: |
Harvey Horne |
| From Address: |
yieyjzs@superhelt.com |
| Date Received: |
04/01/2005 - 6:00:03 am |
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6.4 |
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Itec Environmental GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywe|| FM&T, Itec Has Deve|oped and Successfu||y
Commercialized a Revolutionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/05) Current Price:$.15 [...]
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Date: Sat, 02 Apr 2005 02:04:02 -0100
From: "Harvey Horne"
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Subject: TOp h0t pick in the right sect0r at the right time
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Itec Environmental GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywe|| FM&T, Itec Has
Deve|oped and Successfu||y Commercialized a
Revolutionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/05)
Current Price:$.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 Plastic
Recycling Corp. of California- The P|astic Recycling
Corp. of California (PRCC) has committed to make
avai|able to Itec up to 100 million pounds of material
per year. Upon the successful completion of the first
p|ant, the Company be|ieves it will sell approximate|y
12 mi|lion pounds of PET and HDPE f|ake, generating
approximately $8 mil|iOn in revenues during its first
year of operation, EBITDA of approximately $1 mi|liOn
and a gross profit margin of 12%.2)Itec Environmenta| Gr0up, 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 2O05 of at least $7 mi||ion,
in exchange for 1,OOO,O0O shares of common stock of
Itec. 3)Itec Environmental Gr0up, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wi|| act as Itec's
exclusive agent for the purchase and sale annually of
up to 60 mi||ion pounds of Itec's PET flake and
post-consumer HDPE natural f|ake and pe|lets in the
United States and Canada.4)Itec Environmental Gr0up, Inc. Announces Intention
to Raise Capital to Build Two Facilities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $10 milli0n 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
a|| contaminants, dirt, labe|s and odors from a||
major types of recyc|ab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue clean, marketab|e plastic f|akes
used as raw materials to create new plastic products.5)Itec Environmenta| Gr0up, Inc. Announces Successful
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapitalization will create greater interest among
professiona| investors and institutions and are
optimistic Itec could secure up to $5 mi||ion in
financing during Q1 of 20O5."About ITEC (Source: News March 4, 2O05)
Itec Environmental GrOup offers solutions to pressing
environmental problems faced by pub|ic agencies and
private entities invo|ved in the recycling of
p|astics. In a research partnership with Honeywe||
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 a|l contaminates and odors from the
finished flake, is closed-loop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesfu|
Trading...
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