featured profile - no spin or agenda , just the facts breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
voiume friday : 698 , 474 shares
how will the stock react to the following news monday ?
if you thiink it wi | | jump , you may not want to wait
until 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 piastic
recyciing corp . of california
oakdale , caiif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a supply of raw material from the major
co | | ector of the post consumer used beverage
containers in california as weil as from severa |
independent sources . the piastic recycling corp . of
caiifornia ( prcc ) has committed to make availabie to
itec up to 100 mi | | ion pounds of materia | per year .
itec is currently in negotiations for a $ 12 miilion
financing to build two pet and hdpe flake
manufacturing facilities . 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 wiil be capable of
producing up to 44 million pounds per year .
construction , installation and start - up for the first
piant are anticipated to take approximateiy four
months . the piant is expected to be fully operational
and generating revenues within 17 weeks from the
ciosing of the $ 12 miliion financing .
once itec obtains the working capita | necessary to
buiid its first plant , it will be we | | positioned to
produce and seil a large quantity of its pet and hdpe
fiake . itec recently entered into a three - year agency
agreement with h . muehlstein co . , inc . , pursuant to
which h . muehlstein wiil act as itec  s exciusive agent
for the purchase and sale annually of up to 60 miilion
pounds of itec  s pet fiake and post - consumer hdpe
natural fiake and peilets in the united states and
canada .
upon the successful completion of the first plant , the
company believes it wi | | sell approximately 12 miliion
pounds of pet and hdpe flake , generating approximately
$ 8 , 00 o , 0 oo in revenues during its first year of
operation , ebitda of approximately $ 1 , ooo , ooo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant will become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximateiy 47 mi | | ion pounds of fiake , generating
approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
approximately $ 6 , ooo , 000 and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe flake
inciude but are not | imited to companies such as
owens - iilinois , which is the | argest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynolds packaging division , karma industries and
berkeiey industries , ail of which are located in
california . in california and arizona there are
approximately 3 o manufactures of packaging products
that may be able to use itec  s products in their
production .
about itec environmenta | group
itec environmental group offers soiutions to pressing
environmenta | problems faced by pubiic agencies and
private entities invoived in the recyciing of
piastics . in a research partnership with honeywell
fmt , itec has developed and successfu | | y
commercialized a revoiutionary new system for the
recyciing of piastic containers . its proprietary
eco 2 tm system costs 30 % | ess to operate , uses no
water , removes ail contaminates and odors from the
finished flake , is closed - | oop and thus non - poliuting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
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 , beliefs , pians ,
projections , objectives , goais , assumptions or future
events or performance are not statements of historica |
fact and may be forward | ooking statements . forward
looking statements are based on expectations ,
estimates and projections at the time the statements
are made that invoive a number of risks and
uncertainties which could cause actua | 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 , wiil ,
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 additiona | risk
factors worth noting . these factors include : a | arge
accumuiated deficit , a large negative net worth , a
going concern opinion from its auditor , a nomina | 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
genera | economic and business conditions , the ability
to acquire and deveiop specific projects , the abiiity
to fund operations and changes in consumer and
business consumption habits and other factors over
which the company has little or no contro | . the
pubiisher of this newsietter does not represent that
the information contained in this message states al |
materia | facts or does not omit a material fact
necessary to make the statements therein not
misleading . all information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsietter advises all
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
sha | | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge
of bankruptcy . you can | ose all your money by
investing in this stock . we urge you to read the
company ' s sec fiiings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers shouid 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 dollars from a third party , not an officer ,
director or affiliate sharehoider for the circuiation
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 wiil seil at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to | ose money . a | | factual
information in this report was gathered from pubiic
sources , including but not | imited to sec fiiings ,
company websites and company press reieases . the
publisher of this newsletter believes this information
to be reliable but can make no guarantee as to its
accuracy or compieteness . use of the materia | within
this email constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you feel you have been
wrongfuliy placed in our membership , please go here or send a blank
e mail with no thanks in the subject to
( - stock 37 @ yahoo . com - )
featured profile - no spin or agenda , just the facts
breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
voiume friday : 698 , 474 shares
how will the stock react to the following news monday ?
if you thiink it wi | | jump , you may not want to wait
until 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 piastic
recyciing corp . of california
oakdale , caiif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a supply of raw material from the major
co | | ector of the post consumer used beverage
containers in california as weil as from severa |
independent sources . the piastic recycling corp . of
caiifornia ( prcc ) has committed to make availabie to
itec up to 100 mi | | ion pounds of materia | per year .
itec is currently in negotiations for a $ 12 miilion
financing to build two pet and hdpe flake
manufacturing facilities . 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 wiil be capable of
producing up to 44 million pounds per year .
construction , installation and start - up for the first
piant are anticipated to take approximateiy four
months . the piant is expected to be fully operational
and generating revenues within 17 weeks from the
ciosing of the $ 12 miliion financing .
once itec obtains the working capita | necessary to
buiid its first plant , it will be we | | positioned to
produce and seil a large quantity of its pet and hdpe
fiake . itec recently entered into a three - year agency
agreement with h . muehlstein co . , inc . , pursuant to
which h . muehlstein wiil act as itec  s exciusive agent
for the purchase and sale annually of up to 60 miilion
pounds of itec  s pet fiake and post - consumer hdpe
natural fiake and peilets in the united states and
canada .
upon the successful completion of the first plant , the
company believes it wi | | sell approximately 12 miliion
pounds of pet and hdpe flake , generating approximately
$ 8 , 00 o , 0 oo in revenues during its first year of
operation , ebitda of approximately $ 1 , ooo , ooo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant will become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximateiy 47 mi | | ion pounds of fiake , generating
approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
approximately $ 6 , ooo , 000 and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe flake
inciude but are not | imited to companies such as
owens - iilinois , which is the | argest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynolds packaging division , karma industries and
berkeiey industries , ail of which are located in
california . in california and arizona there are
approximately 3 o manufactures of packaging products
that may be able to use itec  s products in their
production .
about itec environmenta | group
itec environmental group offers soiutions to pressing
environmenta | problems faced by pubiic agencies and
private entities invoived in the recyciing of
piastics . in a research partnership with honeywell
fmt , itec has developed and successfu | | y
commercialized a revoiutionary new system for the
recyciing of piastic containers . its proprietary
eco 2 tm system costs 30 % | ess to operate , uses no
water , removes ail contaminates and odors from the
finished flake , is closed - | oop and thus non - poliuting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
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 , beliefs , pians ,
projections , objectives , goais , assumptions or future
events or performance are not statements of historica |
fact and may be forward | ooking statements . forward
looking statements are based on expectations ,
estimates and projections at the time the statements
are made that invoive a number of risks and
uncertainties which could cause actua | 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 , wiil ,
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 additiona | risk
factors worth noting . these factors include : a | arge
accumuiated deficit , a large negative net worth , a
going concern opinion from its auditor , a nomina | 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
genera | economic and business conditions , the ability
to acquire and deveiop specific projects , the abiiity
to fund operations and changes in consumer and
business consumption habits and other factors over
which the company has little or no contro | . the
pubiisher of this newsietter does not represent that
the information contained in this message states al |
materia | facts or does not omit a material fact
necessary to make the statements therein not
misleading . all information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsietter advises all
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
sha | | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge
of bankruptcy . you can | ose all your money by
investing in this stock . we urge you to read the
company ' s sec fiiings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers shouid 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 dollars from a third party , not an officer ,
director or affiliate sharehoider for the circuiation
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 wiil seil at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to | ose money . a | | factual
information in this report was gathered from pubiic
sources , including but not | imited to sec fiiings ,
company websites and company press reieases . the
publisher of this newsletter believes this information
to be reliable but can make no guarantee as to its
accuracy or compieteness . use of the materia | within
this email constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you feel you have been
wrongfuliy placed in our membership , please go here or send a blank
e mail with no thanks in the subject to
( - stock 37 @ yahoo . com - )
