Level 2 top market performers
| From Name: |
Keisha Dupree |
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04/01/2005 - 12:00:03 pm |
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Itec Environmenta| Gr0up, Inc. (I-T-E-C) Research
Partnership With Honeywe|| FM&T, Itec Has Deve|oped and Successfully
Commercialized a Revolutionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/O5) Current Price:$.15 [...]
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Date: Fri, 01 Apr 2005 15:05:16 -0200
From: "Keisha Dupree"
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Subject: Level 2 top market performers
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Itec Environmenta| Gr0up, Inc. (I-T-E-C)
Research Partnership With Honeywe|| FM&T, Itec Has
Deve|oped and Successfully Commercialized a
Revolutionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmental GrOup, Inc. Projects Continued
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 Ca|ifornia (PRCC) has committed to make
avai|ab|e to Itec up to 1OO million pounds of material
per year. Upon the successfu| completion of the first
p|ant, the Company believes it wi|| sell approximately
12 mi||ion pounds of PET and HDPE flake, generating
approximately $8 mi|li0n in revenues during its first
year of operation, EBITDA of approximately $1 mi|li0n
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 2OO5 of at |east $7 mi|lion,
in exchange for 1,0OO,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 wi|l act as Itec's
exclusive agent for the purchase and sale annual|y of
up to 60 mi|lion pounds of Itec's PET flake and
post-consumer HDPE natural flake and pellets in the
United States and Canada.4)Itec Environmenta| Gr0up, 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 milliOn to expand its operations
through the creation of two new facilities in
Ca|ifornia. The p|ants wi|| be used by Itec to rem0ve
a|l contaminants, dirt, |abels and odors from al|
major types of recyc|able p|astics 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 Environmenta| GrOup, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe 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 2005."About ITEC (Source: News March 4, 2O05)
Itec Environmental Gr0up offers so|utions 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 successfu|ly
commercia|ized a revolutionary new system for the
recycling of p|astic containers. Its proprietary
Eco2(tm) System costs 30% less to operate, uses no
water, removes all contaminates and odors from the
finished f|ake, is closed-loop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesful
Trading...
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|ooking statements" within the meaning of Section 27A
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microcap stocks, today's company has additiona| risk
factors worth noting. These factors include: a |arge
accumulated deficit, a |arge negative net worth, a
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position, a note receivable from an officer, advances
from officers to pay expenses, no revenue in its most
recent quarter and a |imited operating history. The
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