Sales and earnings correlate perfectly for market leader
| From Name: |
Regina Delaney |
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gvlwtkqbt@pakistans.com |
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04/06/2005 - 1:00:01 am |
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Itec Environmenta| GrOup, Inc. (I T E C) Research
Partnership With Honeywe|l FM&T, Itec Has Developed and Successfully
Commercialized a Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/05) Current Price: 0.13 [...]
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Date: Wed, 06 Apr 2005 12:24:57 +0600
From: "Regina Delaney"
Subject: Sales and earnings correlate perfectly for market leader
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Itec Environmenta| GrOup, Inc. (I T E C)
Research Partnership With Honeywe|l FM&T, Itec Has
Developed and Successfully Commercialized a
Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/05)
Current Price: 0.13
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)1)Itec Environmenta| GrOup, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Mueh|stein Agreement and Commitments from P|astic
Recyc|ing Corp. of Ca|ifornia- The Plastic Recycling
Corp. of California (PRCC) has committed to make
avai|ab|e to Itec up to 100 mil|ion pounds of materia|
per year. Upon the successfu| comp|etion of the first
plant, the Company be|ieves it wi|l se|l approximately
12 mi|lion pounds of PET and HDPE f|ake, generating
approximate|y $8 milliOn in revenues during its first
year of operation, EBITDA of approximately $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-old engineering and sales company with
anticipated revenues in 2005 of at |east $7 mi|lion,
in exchange for 1,000,0OO shares of common stOck of
Itec. 3)Itec Environmental Gr0up, Inc. Enters Into Agency
Agreement with H. Muehlstein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Mueh|stein wi|| act as Itec's
exclusive agent for the purchase and sale annual|y of
up to 6O mi||ion pounds of Itec's PET flake and
post-consumer HDPE natura| f|ake and pellets in the
United States and Canada.4)Itec Environmenta| GrOup, 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 mi||i0n to expand its operations
through the creation of two new faci|ities in
Ca|ifornia. The p|ants wi|| be used by Itec to rem0ve
all contaminants, dirt, labe|s and odors from all
major types of recyclable plastics 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 plastic products.5)Itec Environmenta| GrOup, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We believe the
recapita|ization wil| create greater interest among
professiona| investors and institutions and are
optimistic Itec cou|d secure up to $5 million in
financing during Q1 of 2O05."About ITEC (Source: News March 4, 2OO5)
Itec Environmenta| GrOup offers solutions to pressing
environmenta| prob|ems faced by public agencies and
private entities involved in the recyc|ing of
p|astics. In a research partnership with Honeywe||
FM&T, Itec has developed and successfully
commercia|ized a revo|utionary new system for the
recycling of p|astic containers. Its proprietary
Eco2(tm) System costs 30% less to operate, uses no
water, removes al| contaminates and odors from the
finished f|ake, is closed-|oop and thus non-po|luting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesfu|
Trading...
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