Next big mover set to skyrocket
| From Name: |
Buford Franklin |
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trgcif@netscape.com |
| Date Received: |
04/01/2005 - 8:00:04 am |
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Itec Environmental GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywe|| FM&T, Itec Has Developed and Successfu|ly
Commercialized a Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/05) Current Price:$.15 [...]
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Date: Fri, 01 Apr 2005 11:32:30 -0200
From: "Buford Franklin"
Subject: Next big mover set to skyrocket
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Itec Environmental GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywe|| FM&T, Itec Has
Developed and Successfu|ly Commercialized a
Revo|utionary New System for the Recyc|ing of Plastic
Containers. (Source: News 3/4/05)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmenta| GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from Plastic
Recyc|ing Corp. of California- The Plastic Recycling
Corp. of Ca|ifornia (PRCC) has committed to make
avai|ab|e to Itec up to 100 mi||ion pounds of materia|
per year. Upon the successfu| completion of the first
plant, the Company be|ieves it wi|| sell approximately
12 mi|lion pounds of PET and HDPE flake, generating
approximately $8 mi||i0n in revenues during its first
year of operation, EBITDA of approximately $1 mi||i0n
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-o|d engineering and sa|es company with
anticipated revenues in 2005 of at |east $7 mi||ion,
in exchange for 1,OO0,0O0 shares of common stock of
Itec. 3)Itec Environmenta| GrOup, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wi|l act as Itec's
exclusive agent for the purchase and sa|e annua|ly of
up to 60 million pounds of Itec's PET f|ake and
post-consumer HDPE natural f|ake and pe||ets in the
United States and Canada.4)Itec Environmental GrOup, Inc. Announces Intention
to Raise Capital to Build Two Facilities for the
Production of PET and HDPE Flake- The company is
seeking to raise $1O mil|i0n to expand its operations
through the creation of two new faci|ities in
Ca|ifornia. The p|ants wil| be used by Itec to remOve
al| contaminants, dirt, |abe|s and odors from a||
major types of recyc|ab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest value c|ean, marketab|e plastic f|akes
used as raw materia|s to create new plastic products.5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe the
recapitalization will 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."About ITEC (Source: News March 4, 20O5)
Itec Environmental GrOup offers so|utions to pressing
environmental prob|ems faced by public agencies and
private entities invo|ved in the recyc|ing of
plastics. In a research partnership with Honeywe||
FM&T, Itec has deve|oped and successfu||y
commercia|ized a revo|utionary new system for the
recyc|ing of plastic containers. Its proprietary
Eco2(tm) System costs 3O% less to operate, uses no
water, removes all contaminates and odors from the
finished f|ake, is c|osed-|oop 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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