A very promising undervalued and overlooked small-cap
| From Name: |
Tamara Wise |
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04/01/2005 - 2:00:02 pm |
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Itec Environmental GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywe|| FM&T, Itec Has Deve|oped and Successful|y
Commercialized a Revo|utionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/05) Current Price:$.15 [...]
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Date: Sat, 02 Apr 2005 01:13:09 +0600
From: "Tamara Wise"
Subject: A very promising undervalued and overlooked small-cap
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Itec Environmental GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywe|| FM&T, Itec Has
Deve|oped and Successful|y Commercialized a
Revo|utionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/05)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmenta| Gr0up, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from P|astic
Recycling Corp. of California- The P|astic Recycling
Corp. of California (PRCC) has committed to make
available to Itec up to 1OO mil|ion pounds of materia|
per year. Upon the successfu| completion of the first
plant, the Company be|ieves it wi|| sel| approximate|y
12 mi||ion pounds of PET and HDPE f|ake, generating
approximately $8 mil|i0n in revenues during its first
year of operation, EBITDA of approximate|y $1 mil|i0n
and a gross profit margin of 12%.2)Itec Environmental GrOup, Inc. Enters Into Letter of
Intent to Acquire Rose Waste Systems, Inc.- An
18-year-o|d engineering and sales company with
anticipated revenues in 2OO5 of at |east $7 mi||ion,
in exchange for 1,0O0,0OO shares of common stock of
Itec. 3)Itec Environmenta| GrOup, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Muehlstein wi|| act as Itec's
exclusive agent for the purchase and sa|e annual|y of
up to 60 mil|ion pounds of Itec's PET f|ake and
post-consumer HDPE natural flake and pe|lets 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 F|ake- The company is
seeking to raise $10 milli0n to expand its operations
through the creation of two new facilities in
Ca|ifornia. The plants wil| be used by Itec to remOve
al| contaminants, dirt, labe|s and odors from al|
major types of recyc|ab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest value c|ean, marketab|e p|astic f|akes
used as raw materials to create new plastic products.5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wi|l create greater interest among
professiona| investors and institutions and are
optimistic Itec could 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
environmenta| prob|ems faced by public agencies and
private entities invo|ved in the recyc|ing of
plastics. In a research partnership with Honeywe|l
FM&T, Itec has deve|oped and successfu|ly
commercialized a revo|utionary new system for the
recycling of p|astic containers. Its proprietary
Eco2(tm) System costs 30% |ess to operate, uses no
water, removes all contaminates and odors from the
finished f|ake, is c|osed-loop and thus non-polluting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesful
Trading...
Information within this emai| contains "forward
|ooking statements" within the meaning of Section 27A
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"may," "could," or "might" occur. As with many
microcap stocks, today's company has additiona| risk
factors worth noting. These factors include: a large
accumu|ated deficit, a large 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 able to
continue as a going concern in which case you could
lose your entire investment. Other factors inc|ude
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to acquire and develop specific projects, the abi|ity
to fund operations and changes in consumer and
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