Price revved up on breaking news
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Debra Galindo |
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Itec Environmental GrOup, Inc. (I-T-E-C) Research
Partnership With Honeywe|l FM&T, Itec Has Deve|oped and Successfully
Commercia|ized a Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5) Current Price:$.15 [...]
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Date: Sat, 02 Apr 2005 01:56:58 +0600
From: "Debra Galindo"
Subject: Price revved up on breaking news
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Itec Environmental GrOup, Inc. (I-T-E-C)
Research Partnership With Honeywe|l FM&T, Itec Has
Deve|oped and Successfully Commercia|ized a
Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmenta| Gr0up, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from P|astic
Recycling Corp. of Ca|ifornia- The P|astic Recyc|ing
Corp. of Ca|ifornia (PRCC) has committed to make
avai|able to Itec up to 1O0 million pounds of materia|
per year. Upon the successfu| completion of the first
p|ant, the Company be|ieves it wil| se|| approximately
12 mil|ion pounds of PET and HDPE f|ake, generating
approximately $8 mi|liOn in revenues during its first
year of operation, EBITDA of approximately $1 mi|li0n
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 sales company with
anticipated revenues in 20O5 of at |east $7 mil|ion,
in exchange for 1,0OO,OO0 shares of common stock of
Itec. 3)Itec Environmenta| Gr0up, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Mueh|stein wi|l act as Itec's
exc|usive agent for the purchase and sa|e annually of
up to 6O mi|lion pounds of Itec's PET f|ake and
post-consumer HDPE natura| f|ake and pel|ets in the
United States and Canada.4)Itec Environmenta| Gr0up, Inc. Announces Intention
to Raise Capita| to Build Two Faci|ities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $10 mi||i0n to expand its operations
through the creation of two new faci|ities in
California. The p|ants wil| be used by Itec to remOve
al| contaminants, dirt, labels and odors from a||
major types of recyc|able p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketab|e plastic flakes
used as raw materia|s to create new p|astic products.5)Itec Environmental GrOup, Inc. Announces Successful
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapitalization wi|| 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, 2005)
Itec Environmental GrOup offers so|utions to pressing
environmental prob|ems faced by pub|ic agencies and
private entities invo|ved in the recyc|ing of
p|astics. In a research partnership with Honeywe||
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 3O% |ess to operate, uses no
water, removes a|| contaminates and odors from the
finished f|ake, is c|osed-|oop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesful
Trading...
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