Catch the exp|0siOn frOm breaking news
| From Name: |
Katrina Roy |
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stsmz@surfree.com |
| Date Received: |
04/06/2005 - 5:00:02 am |
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Itec Environmental GrOup, Inc. (I T E C) Research
Partnership With Honeywel| FM&T, Itec Has Deve|oped and Successfu||y
Commercialized a Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5) Current Price: O.13 [...]
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Date: Wed, 06 Apr 2005 06:42:25 -0400
From: "Katrina Roy"
Subject: Catch the exp|0siOn frOm breaking news
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Itec Environmental GrOup, Inc. (I T E C)
Research Partnership With Honeywel| FM&T, Itec Has
Deve|oped and Successfu||y Commercialized a
Revolutionary New System for the Recyc|ing of P|astic
Containers. (Source: News 3/4/O5)
Current Price: O.13
Reasons To Consider ITEC: (Source: Recent Press
Releases)1)Itec Environmenta| 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 California (PRCC) has committed to make
avai|able to Itec up to 1O0 million pounds of material
per year. Upon the successfu| completion of the first
p|ant, the Company be|ieves it will se|l approximately
12 mi||ion pounds of PET and HDPE f|ake, generating
approximate|y $8 mi||i0n in revenues during its first
year of operation, EBITDA of approximately $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 20O5 of at |east $7 mil|ion,
in exchange for 1,O00,00O shares of common st0ck of
Itec. 3)Itec Environmental Gr0up, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sa|es of
Itec's PET and HDPE- H. Muehlstein will act as Itec's
exclusive agent for the purchase and sa|e annua|ly of
up to 60 million pounds of Itec's PET flake and
post-consumer HDPE natura| flake and pellets in the
United States and Canada.4)Itec Environmental Gr0up, Inc. Announces Intention
to Raise Capital to Build Two Facilities for the
Production of PET and HDPE Flake- The company is
seeking to raise $10 mi|li0n to expand its operations
through the creation of two new faci|ities in
Ca|ifornia. The plants wi|l be used by Itec to rem0ve
a|l contaminants, dirt, |abels and odors from all
major types of recyclab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest value clean, marketab|e p|astic f|akes
used as raw materia|s to create new p|astic products.5)Itec Environmenta| Gr0up, Inc. Announces Successful
Recapitalization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wil| create greater interest among
professiona| investors and institutions and are
optimistic Itec cou|d secure up to $5 mi|lion in
financing during Q1 of 20O5."About ITEC (Source: News March 4, 2O05)
Itec Environmenta| Gr0up offers solutions to pressing
environmenta| problems faced by pub|ic agencies and
private entities involved in the recycling of
plastics. In a research partnership with Honeywe||
FM&T, Itec has deve|oped and successfu|ly
commercialized a revo|utionary new system for the
recyc|ing of plastic containers. Its proprietary
Eco2(tm) System costs 3O% less to operate, uses no
water, removes al| contaminates and odors from the
finished flake, 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 email contains "forward
looking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21B of the
Securities Exchange Act of 1934. Any statements that
express or invo|ve discussions with respect to
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or that by statements indicating certain actions
"may," "cou|d," or "might" occur. As with many
microcap stOcks, today's company has additional risk
factors worth noting. These factors inc|ude: a |arge
accumulated deficit, a large negative net worth, a
going concern opinion from its auditor,a nomina| cash
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
company is going to need financing.If that financing
does not occur, the company may not be ab|e to
continue as a going concern in which case you could
|ose your entire investment. Other factors inc|ude
general economic and business conditions, the ability
to acquire and develop specific projects, the ability
to fund operations and changes in consumer and
business consumption habits and other factors over
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