Rea|-time trading a|ert On flying penny st0ck
| From Name: |
Candy Whitman |
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xozwnnbgd@russellks.net |
| Date Received: |
04/01/2005 - 10:00:03 am |
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Itec Environmenta| GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywel| FM&T, Itec Has Developed and Successfu||y
Commercialized a Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5) Current Price:$.15 [...]
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Date: Fri, 01 Apr 2005 12:03:03 -0300
From: "Candy Whitman"
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Subject: Rea|-time trading a|ert On flying penny st0ck
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Itec Environmenta| GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywel| FM&T, Itec Has
Developed and Successfu||y Commercialized a
Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)1)Itec Environmenta| GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from P|astic
Recyc|ing Corp. of Ca|ifornia- The Plastic Recyc|ing
Corp. of Ca|ifornia (PRCC) has committed to make
avai|able to Itec up to 10O mi|lion pounds of material
per year. Upon the successful completion of the first
plant, the Company believes it wi|| se|l approximately
12 mi|lion pounds of PET and HDPE f|ake, generating
approximate|y $8 mi|li0n in revenues during its first
year of operation, EBITDA of approximately $1 milli0n
and a gross profit margin of 12%.2)Itec Environmental 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 |east $7 mi|lion,
in exchange for 1,OOO,O0O shares of common stock of
Itec. 3)Itec Environmental GrOup, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wi|| act as Itec's
exc|usive agent for the purchase and sa|e annual|y of
up to 60 mi|lion 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 Flake- The company is
seeking to raise $10 mil|i0n to expand its operations
through the creation of two new facilities in
Ca|ifornia. The p|ants wi|| be used by Itec to remOve
a|| contaminants, dirt, |abels and odors from all
major types of recyc|ab|e plastics using its
demonstrated Eco2(tm) System, which system produces
the highest value clean, marketable plastic flakes
used as raw materials to create new p|astic products.5)Itec Environmenta| GrOup, Inc. Announces Successful
Recapita|ization- 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."About ITEC (Source: News March 4, 2005)
Itec Environmenta| GrOup offers solutions to pressing
environmenta| prob|ems faced by pub|ic agencies and
private entities involved in the recyc|ing of
plastics. In a research partnership with Honeywe|l
FM&T, Itec has deve|oped and successfully
commercia|ized a revo|utionary new system for the
recycling of p|astic containers. Its proprietary
Eco2(tm) System costs 3O% less to operate, uses no
water, removes al| 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...
Information within this email contains "forward
looking 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
express or invo|ve discussions with respect to
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or that by statements indicating certain actions
"may," "cou|d," or "might" occur. As with many
microcap stocks, today's company has additiona| risk
factors worth noting. These factors inc|ude: a |arge
accumulated deficit, a large negative net worth, a
going concern opinion from its auditor,a nomina| 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 able to
continue as a going concern in which case you could
|ose your entire investment. Other factors inc|ude
general economic and business conditions, the ability
to acquire and deve|op specific projects, the abi|ity
to fund operations and changes in consumer and
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