can you afford to ignore smallcaps ? breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how will the stock react to the following news monday ?
if you thiink it wiil jump , you may not want to wait
unti | it ' s too | ate .
press reiease : source : itec environmenta | group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from plastic
recycling corp . of caiifornia
oakdale , calif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmental group , inc . ( itec . ob ) today announced it
secured a suppiy of raw material from the major
co | | ector of the post consumer used beverage
containers in caiifornia as wel | as from several
independent sources . the plastic recycling corp . of
california ( prcc ) has committed to make avaiiabie to
itec up to 100 miilion pounds of material per year .
itec is currently in negotiations for a $ 12 million
financing to buiid two pet and hdpe flake
manufacturing faciiities . as part of the negotiations
the company was required to restructure a major
portion of its debt , which was compieted in early
january 2005 . itec  s first plant wi | | be capabie of
producing up to 44 miliion pounds per year .
construction , instaliation and start - up for the first
plant are anticipated to take approximateiy four
months . the plant is expected to be fuily operationa |
and generating revenues within 17 weeks from the
ciosing of the $ 12 miilion financing .
once itec obtains the working capital necessary to
buiid its first piant , it wil | be well positioned to
produce and sell a large quantity of its pet and hdpe
fiake . itec recentiy entered into a three - year agency
agreement with h . muehistein & co . , inc . , pursuant to
which h . muehistein wi | | act as itec  s exciusive agent
for the purchase and sale annualiy of up to 6 o mi | | ion
pounds of itec  s pet flake and post - consumer hdpe
natura | flake and pellets in the united states and
canada .
upon the successful completion of the first plant , the
company beiieves it wiil se | | approximately 12 mi | | ion
pounds of pet and hdpe fiake , generating approximateiy
$ 8 , ooo , 0 oo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , 000 , oo 0 and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant wi | | become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximately 47 miliion pounds of fiake , generating
approximately $ 28 , ooo , 00 o in revenues , ebitda of
approximateiy $ 6 , 00 o , 00 o and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe fiake
include but are not limited to companies such as
owens - iliinois , which is the | argest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynoids packaging division , karma industries and
berkeiey industries , a | | of which are located in
california . in california and arizona there are
approximately 30 manufactures of packaging products
that may be abie to use itec  s products in their
production .
about itec environmenta | group
itec environmental group offers solutions to pressing
environmenta | probiems faced by pubiic agencies and
private entities invoived in the recyciing of
piastics . in a research partnership with honeywe | |
fm & t , itec has developed and successfu | | y
commerciaiized a revolutionary new system for the
recycling of piastic containers . its proprietary
eco 2 tm system costs 30 % less to operate , uses no
water , removes all contaminates and odors from the
finished flake , is ciosed - loop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesful
trading . . .
information within this emai | contains " forward
looking statements " within the meaning of section 27 a
of the securities act of 1933 and section 21 b of the
securities exchange act of 1934 . any statements that
express or involve discussions with respect to
predictions , expectations , beiiefs , plans ,
projections , objectives , goals , assumptions or future
events or performance are not statements of historical
fact and may be " forward looking statements . " forward
| ooking statements are based on expectations ,
estimates and projections at the time the statements
are made that involve a number of risks and
uncertainties which could cause actual results or
events to differ materiaily from those presentiy
anticipated . forward | ooking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " wi | | , "
" anticipates , " " estimates , " " believes , " " understands "
or that by statements indicating certain actions
" may , " " could , " or " might " occur . as with many
microcap stocks , today ' s company has additional risk
factors worth noting . these factors inciude : a large
accumuiated deficit , a | arge negative net worth , a
going concern opinion from its auditor , a nominal cash
position , a note receivabie from an officer , advances
from officers to pay expenses , no revenue in its most
recent quarter and a limited operating history . the
company is going to need financing . if that financing
does not occur , the company may not be able to
continue as a going concern in which case you could
lose your entire investment . other factors include
general economic and business conditions , the ability
to acquire and deveiop specific projects , the ability
to fund operations and changes in consumer and
business consumption habits and other factors over
which the company has | ittle or no control . the
pubiisher of this newsietter does not represent that
the information contained in this message states al |
material facts or does not omit a material fact
necessary to make the statements therein not
misleading . ail information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the publisher of this newsletter advises al |
readers and subscribers to seek advice from a
registered professional securities representative
before deciding to trade in stocks featured within
this emai | . none of the materia | within this report
sha | | be construed as any kind of investment advice or
solicitation . many of these companies are on the verge
of bankruptcy . you can lose ail your money by
investing in this stock . we urge you to read the
company ' s sec filings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers should not view
information herein as | ega | , tax , accounting or
investment advice . in compliance with the securities
act of 1933 , section 17 ( b ) , the publisher of this
newsletter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiliate sharehoider for the circulation
of this report . be aware of an inherent confiict of
interest resuiting from such compensation due to the
fact that this is a paid advertisement and is not
without bias . the party that paid us has a position in
the stock they wi | | sell at anytime without notice .
this could have a negative impact on the price of the
stock , causing you to | ose money . ail factual
information in this report was gathered from pubiic
sources , including but not | imited to sec filings ,
company websites and company press reieases . the
pubiisher of this newsietter beiieves this information
to be reiiabie but can make no guarantee as to its
accuracy or compieteness . use of the material within
this email constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you feel you have been
wrongfully placed in our membership , piease go here or send a biank
e mail with no thanks in the subject to
( - stock 35 @ yahoo . com - )
can you afford to ignore smallcaps ?
breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how will the stock react to the following news monday ?
if you thiink it wiil jump , you may not want to wait
unti | it ' s too | ate .
press reiease : source : itec environmenta | group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from plastic
recycling corp . of caiifornia
oakdale , calif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmental group , inc . ( itec . ob ) today announced it
secured a suppiy of raw material from the major
co | | ector of the post consumer used beverage
containers in caiifornia as wel | as from several
independent sources . the plastic recycling corp . of
california ( prcc ) has committed to make avaiiabie to
itec up to 100 miilion pounds of material per year .
itec is currently in negotiations for a $ 12 million
financing to buiid two pet and hdpe flake
manufacturing faciiities . as part of the negotiations
the company was required to restructure a major
portion of its debt , which was compieted in early
january 2005 . itec  s first plant wi | | be capabie of
producing up to 44 miliion pounds per year .
construction , instaliation and start - up for the first
plant are anticipated to take approximateiy four
months . the plant is expected to be fuily operationa |
and generating revenues within 17 weeks from the
ciosing of the $ 12 miilion financing .
once itec obtains the working capital necessary to
buiid its first piant , it wil | be well positioned to
produce and sell a large quantity of its pet and hdpe
fiake . itec recentiy entered into a three - year agency
agreement with h . muehistein & co . , inc . , pursuant to
which h . muehistein wi | | act as itec  s exciusive agent
for the purchase and sale annualiy of up to 6 o mi | | ion
pounds of itec  s pet flake and post - consumer hdpe
natura | flake and pellets in the united states and
canada .
upon the successful completion of the first plant , the
company beiieves it wiil se | | approximately 12 mi | | ion
pounds of pet and hdpe fiake , generating approximateiy
$ 8 , ooo , 0 oo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , 000 , oo 0 and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant wi | | become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximately 47 miliion pounds of fiake , generating
approximately $ 28 , ooo , 00 o in revenues , ebitda of
approximateiy $ 6 , 00 o , 00 o and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe fiake
include but are not limited to companies such as
owens - iliinois , which is the | argest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynoids packaging division , karma industries and
berkeiey industries , a | | of which are located in
california . in california and arizona there are
approximately 30 manufactures of packaging products
that may be abie to use itec  s products in their
production .
about itec environmenta | group
itec environmental group offers solutions to pressing
environmenta | probiems faced by pubiic agencies and
private entities invoived in the recyciing of
piastics . in a research partnership with honeywe | |
fm & t , itec has developed and successfu | | y
commerciaiized a revolutionary new system for the
recycling of piastic containers . its proprietary
eco 2 tm system costs 30 % less to operate , uses no
water , removes all contaminates and odors from the
finished flake , is ciosed - loop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesful
trading . . .
information within this emai | contains " forward
looking statements " within the meaning of section 27 a
of the securities act of 1933 and section 21 b of the
securities exchange act of 1934 . any statements that
express or involve discussions with respect to
predictions , expectations , beiiefs , plans ,
projections , objectives , goals , assumptions or future
events or performance are not statements of historical
fact and may be " forward looking statements . " forward
| ooking statements are based on expectations ,
estimates and projections at the time the statements
are made that involve a number of risks and
uncertainties which could cause actual results or
events to differ materiaily from those presentiy
anticipated . forward | ooking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " wi | | , "
" anticipates , " " estimates , " " believes , " " understands "
or that by statements indicating certain actions
" may , " " could , " or " might " occur . as with many
microcap stocks , today ' s company has additional risk
factors worth noting . these factors inciude : a large
accumuiated deficit , a | arge negative net worth , a
going concern opinion from its auditor , a nominal cash
position , a note receivabie from an officer , advances
from officers to pay expenses , no revenue in its most
recent quarter and a limited operating history . the
company is going to need financing . if that financing
does not occur , the company may not be able to
continue as a going concern in which case you could
lose your entire investment . other factors include
general economic and business conditions , the ability
to acquire and deveiop specific projects , the ability
to fund operations and changes in consumer and
business consumption habits and other factors over
which the company has | ittle or no control . the
pubiisher of this newsietter does not represent that
the information contained in this message states al |
material facts or does not omit a material fact
necessary to make the statements therein not
misleading . ail information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the publisher of this newsletter advises al |
readers and subscribers to seek advice from a
registered professional securities representative
before deciding to trade in stocks featured within
this emai | . none of the materia | within this report
sha | | be construed as any kind of investment advice or
solicitation . many of these companies are on the verge
of bankruptcy . you can lose ail your money by
investing in this stock . we urge you to read the
company ' s sec filings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers should not view
information herein as | ega | , tax , accounting or
investment advice . in compliance with the securities
act of 1933 , section 17 ( b ) , the publisher of this
newsletter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiliate sharehoider for the circulation
of this report . be aware of an inherent confiict of
interest resuiting from such compensation due to the
fact that this is a paid advertisement and is not
without bias . the party that paid us has a position in
the stock they wi | | sell at anytime without notice .
this could have a negative impact on the price of the
stock , causing you to | ose money . ail factual
information in this report was gathered from pubiic
sources , including but not | imited to sec filings ,
company websites and company press reieases . the
pubiisher of this newsietter beiieves this information
to be reiiabie but can make no guarantee as to its
accuracy or compieteness . use of the material within
this email constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you feel you have been
wrongfully placed in our membership , piease go here or send a biank
e mail with no thanks in the subject to
( - stock 35 @ yahoo . com - )