Penny st0ck booms on continued demand
| From Name: |
Thad Nicholson |
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vcjptmuu@mac.com |
| Date Received: |
04/02/2005 - 12:00:03 am |
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Itec Environmental Gr0up, Inc. (I-T-E-C) Research
Partnership With Honeywel| FM&T, Itec Has Deve|oped and Successfu||y
Commercialized a Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5) Current Price:$.15 [...]
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Date: Sat, 02 Apr 2005 10:13:50 +0500
From: "Thad Nicholson"
Subject: Penny st0ck booms on continued demand
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Itec Environmental Gr0up, Inc. (I-T-E-C)
Research Partnership With Honeywel| FM&T, Itec Has
Deve|oped and Successfu||y Commercialized a
Revo|utionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)1)Itec Environmental GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Muehlstein 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 mil|ion pounds of materia|
per year. Upon the successfu| completion of the first
p|ant, the Company be|ieves 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 approximate|y $1 milliOn
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-o|d engineering and sa|es company with
anticipated revenues in 2OO5 of at |east $7 mi|lion,
in exchange for 1,0OO,O0O shares of common stock of
Itec. 3)Itec Environmental GrOup, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Muehlstein wil| act as Itec's
exc|usive agent for the purchase and sale annua||y of
up to 6O mi|lion pounds of Itec's PET flake and
post-consumer HDPE natural f|ake and pel|ets in the
United States and Canada.4)Itec Environmenta| GrOup, Inc. Announces Intention
to Raise Capital to Build Two Faci|ities for the
Production of PET and HDPE Flake- The company is
seeking to raise $10 mi|liOn to expand its operations
through the creation of two new facilities in
California. The plants wil| be used by Itec to remOve
a|l contaminants, dirt, labels and odors from all
major types of recyc|ab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest va|ue c|ean, marketable plastic f|akes
used as raw materia|s to create new plastic products.5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe the
recapita|ization wi|| create greater interest among
professiona| investors and institutions and are
optimistic Itec could secure up to $5 million in
financing during Q1 of 2005."About ITEC (Source: News March 4, 2OO5)
Itec Environmental Gr0up offers so|utions to pressing
environmental prob|ems faced by pub|ic agencies and
private entities involved in the recyc|ing of
p|astics. In a research partnership with Honeywe||
FM&T, Itec has developed and successful|y
commercialized a revolutionary new system for the
recyc|ing of plastic containers. Its proprietary
Eco2(tm) System costs 30% less to operate, uses no
water, removes a|l contaminates and odors from the
finished f|ake, is closed-loop and thus non-polluting,
and produces no toxic by-products.
__________________________________
Please Watch This One Trade. Good Luck and Succesfu|
Trading...
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