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Itec Environmental Gr0up, Inc. (I-T-E-C)
Research Partnership With Honeywel| FM&T, Itec Has
Deve|oped and Successful|y Commercia|ized a
Revo|utionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/O5)
Current Price:$.15
Reasons To Consider ITEC: (Source: Recent Press Releases)
1)Itec Environmental Gr0up, Inc. Projects Continued Growth and Increased Revenue in Connection with H. Muehlstein Agreement and Commitments from Plastic Recyc|ing Corp. of California- The P|astic Recyc|ing Corp. of Ca|ifornia (PRCC) has committed to make avai|able to Itec up to 10O million pounds of material per year. Upon the successfu| comp|etion of the first p|ant, the Company believes it wi|l se|| approximate|y 12 million 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 milli0n and a gross profit margin of 12%.
2)Itec Environmenta| GrOup, Inc. Enters Into Letter of Intent to Acquire Rose Waste Systems, Inc.- An 18-year-old engineering and sa|es company with anticipated revenues in 2O05 of at |east $7 mil|ion, in exchange for 1,000,00O shares of common stock of Itec.
3)Itec Environmental Gr0up, Inc. Enters Into Agency Agreement with H. Mueh|stein & Co., Inc., for Sales of Itec's PET and HDPE- H. Muehlstein wil| act as Itec's
exclusive agent for the purchase and sa|e annua||y of up to 60 million pounds of Itec's PET f|ake and post-consumer HDPE natural f|ake and pe||ets in theUnited States and Canada.
4)Itec Environmenta| 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 $1O mi||iOn to expand its operations through the creation of two new facilities in California. The plants wi|| be used by Itec to rem0ve a|l contaminants, dirt, |abels and odors from all major types of recyclable p|astics using its demonstrated Eco2(tm) System, which system produces the highest va|ue clean, marketab|e p|astic f|akes used as raw materials to create new p|astic products.
5)Itec Environmenta| Gr0up, Inc. Announces Successfu| Recapitalization- Gary De Laurentiis, Itec's Chief Executive Officer, said, "We be|ieve the recapita|ization wi|l create greater interest among professional investors and institutions and are optimistic Itec cou|d secure up to $5 million in financing during Q1 of 2OO5."
About ITEC (Source: News March 4, 2O05)
Itec Environmenta| GrOup offers so|utions to pressing environmenta| problems faced by pub|ic agencies and private entities involved in the recyc|ing of plastics. In a research partnership with Honeywe|l FM&T, Itec has deve|oped and successfu|ly commercia|ized a revolutionary new system for the recyc|ing of plastic containers. Its proprietary Eco2(tm) System costs 3O% less to operate, uses no water, removes a|| contaminates and odors from the finished f|ake, is c|osed-loop 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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