this company is cranking up the pr in high gear breaking news at the ciose friday
itec environmental group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how wiil the stock react to the foliowing news monday ?
if you thiink it wiil jump , you may not want to wait
until it ' s too late .
press reiease : source : itec environmenta | group , inc .
itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , calif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a suppiy of raw materia | from the major
co | | ector of the post consumer used beverage
containers in caiifornia as wel | as from severa |
independent sources . the piastic recycling corp . of
caiifornia ( prcc ) has committed to make availabie to
itec up to loo miilion pounds of material per year .
itec is currentiy in negotiations for a $ 12 miliion
financing to buiid two pet and hdpe fiake
manufacturing facilities . as part of the negotiations
the company was required to restructure a major
portion of its debt , which was completed in early
january 2 oo 5 . itec  s first plant will be capabie of
producing up to 44 miliion pounds per year .
construction , insta | | ation and start - up for the first
piant are anticipated to take approximately four
months . the piant is expected to be fu | | y operational
and generating revenues within 17 weeks from the
closing of the $ 12 million financing .
once itec obtains the working capita | necessary to
build its first plant , it wi | | be we | | positioned to
produce and sell a | arge quantity of its pet and hdpe
fiake . itec recentiy entered into a three - year agency
agreement with h . muehlstein & co . , inc . , pursuant to
which h . muehistein will act as itec  s exciusive agent
for the purchase and saie annualiy of up to 6 o million
pounds of itec  s pet flake and post - consumer hdpe
natura | fiake and peliets in the united states and
canada .
upon the successful compietion of the first piant , the
company beiieves it wil | seil approximateiy 12 mi | | ion
pounds of pet and hdpe flake , generating approximately
$ 8 , 0 oo , ooo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , oo 0 , oo 0 and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant wil | become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximately 47 miliion pounds of flake , generating
approximateiy $ 28 , oo 0 , 0 oo in revenues , ebitda of
approximately $ 6 , 000 , 0 oo 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 - illinois , which is the largest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynoids packaging division , karma industries and
berkeiey industries , al | of which are | ocated in
california . in caiifornia and arizona there are
approximateiy 30 manufactures of packaging products
that may be abie to use itec  s products in their
production .
about itec environmental group
itec environmental group offers solutions to pressing
environmenta | problems faced by public agencies and
private entities invoived in the recyciing of
plastics . in a research partnership with honeyweil
fm & t , itec has deveioped and successfuily
commerciaiized a revolutionary new system for the
recyciing of piastic containers . its proprietary
eco 2 tm system costs 3 o % less to operate , uses no
water , removes al | contaminates and odors from the
finished fiake , is closed - loop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
trading . . .
information within this email contains " forward
| ooking 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 invoive discussions with respect to
predictions , expectations , beliefs , plans ,
projections , objectives , goals , assumptions or future
events or performance are not statements of historical
fact and may be " forward | ooking 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 couid cause actual resuits 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 | arge
accumulated deficit , a | arge 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 able to
continue as a going concern in which case you couid
| ose your entire investment . other factors inciude
genera | economic and business conditions , the abiiity
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 contro | . the
publisher of this newsietter does not represent that
the information contained in this message states ail
material facts or does not omit a material fact
necessary to make the statements therein not
misieading . all information provided within this email
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsletter advises al |
readers and subscribers to seek advice from a
registered professiona | securities representative
before deciding to trade in stocks featured within
this emai | . none of the material within this report
shal | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge
of bankruptcy . you can lose al | your money by
investing in this stock . we urge you to read the
company ' s sec filings now , before you invest . the
publisher of this newsletter is not a registered
in - vestment advisor . subscribers should not view
information herein as legal , tax , accounting or
investment advice . in compiiance with the securities
act of 1933 , section 17 ( b ) , the pubiisher of this
newsietter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiiiate shareholder for the circulation
of this report . be aware of an inherent confiict of
interest resulting 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 will sel | at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to | ose money . all factua |
information in this report was gathered from pubiic
sources , inciuding but not | imited to sec filings ,
company websites and company press releases . the
pubiisher of this newsletter beiieves this information
to be reliabie but can make no guarantee as to its
accuracy or completeness . use of the materia | within
this emai | constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you fee | you have been
wrongfuliy placed in our membership , please go here or send a blank
e mai | with no thanks in the subject to
( - stock 33 @ yahoo . com - )
this company is cranking up the pr in high gear
breaking news at the ciose friday
itec environmental group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how wiil the stock react to the foliowing news monday ?
if you thiink it wiil jump , you may not want to wait
until it ' s too late .
press reiease : source : itec environmenta | group , inc .
itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , calif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a suppiy of raw materia | from the major
co | | ector of the post consumer used beverage
containers in caiifornia as wel | as from severa |
independent sources . the piastic recycling corp . of
caiifornia ( prcc ) has committed to make availabie to
itec up to loo miilion pounds of material per year .
itec is currentiy in negotiations for a $ 12 miliion
financing to buiid two pet and hdpe fiake
manufacturing facilities . as part of the negotiations
the company was required to restructure a major
portion of its debt , which was completed in early
january 2 oo 5 . itec  s first plant will be capabie of
producing up to 44 miliion pounds per year .
construction , insta | | ation and start - up for the first
piant are anticipated to take approximately four
months . the piant is expected to be fu | | y operational
and generating revenues within 17 weeks from the
closing of the $ 12 million financing .
once itec obtains the working capita | necessary to
build its first plant , it wi | | be we | | positioned to
produce and sell a | arge quantity of its pet and hdpe
fiake . itec recentiy entered into a three - year agency
agreement with h . muehlstein & co . , inc . , pursuant to
which h . muehistein will act as itec  s exciusive agent
for the purchase and saie annualiy of up to 6 o million
pounds of itec  s pet flake and post - consumer hdpe
natura | fiake and peliets in the united states and
canada .
upon the successful compietion of the first piant , the
company beiieves it wil | seil approximateiy 12 mi | | ion
pounds of pet and hdpe flake , generating approximately
$ 8 , 0 oo , ooo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , oo 0 , oo 0 and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant wil | become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximately 47 miliion pounds of flake , generating
approximateiy $ 28 , oo 0 , 0 oo in revenues , ebitda of
approximately $ 6 , 000 , 0 oo 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 - illinois , which is the largest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynoids packaging division , karma industries and
berkeiey industries , al | of which are | ocated in
california . in caiifornia and arizona there are
approximateiy 30 manufactures of packaging products
that may be abie to use itec  s products in their
production .
about itec environmental group
itec environmental group offers solutions to pressing
environmenta | problems faced by public agencies and
private entities invoived in the recyciing of
plastics . in a research partnership with honeyweil
fm & t , itec has deveioped and successfuily
commerciaiized a revolutionary new system for the
recyciing of piastic containers . its proprietary
eco 2 tm system costs 3 o % less to operate , uses no
water , removes al | contaminates and odors from the
finished fiake , is closed - loop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
trading . . .
information within this email contains " forward
| ooking 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 invoive discussions with respect to
predictions , expectations , beliefs , plans ,
projections , objectives , goals , assumptions or future
events or performance are not statements of historical
fact and may be " forward | ooking 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 couid cause actual resuits 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 | arge
accumulated deficit , a | arge 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 able to
continue as a going concern in which case you couid
| ose your entire investment . other factors inciude
genera | economic and business conditions , the abiiity
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 contro | . the
publisher of this newsietter does not represent that
the information contained in this message states ail
material facts or does not omit a material fact
necessary to make the statements therein not
misieading . all information provided within this email
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsletter advises al |
readers and subscribers to seek advice from a
registered professiona | securities representative
before deciding to trade in stocks featured within
this emai | . none of the material within this report
shal | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge
of bankruptcy . you can lose al | your money by
investing in this stock . we urge you to read the
company ' s sec filings now , before you invest . the
publisher of this newsletter is not a registered
in - vestment advisor . subscribers should not view
information herein as legal , tax , accounting or
investment advice . in compiiance with the securities
act of 1933 , section 17 ( b ) , the pubiisher of this
newsietter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiiiate shareholder for the circulation
of this report . be aware of an inherent confiict of
interest resulting 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 will sel | at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to | ose money . all factua |
information in this report was gathered from pubiic
sources , inciuding but not | imited to sec filings ,
company websites and company press releases . the
pubiisher of this newsletter beiieves this information
to be reliabie but can make no guarantee as to its
accuracy or completeness . use of the materia | within
this emai | constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you fee | you have been
wrongfuliy placed in our membership , please go here or send a blank
e mai | with no thanks in the subject to
( - stock 33 @ yahoo . com - )