investors watch this one starting right now breaking news at the close friday
itec environmental group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how wi | | the stock react to the foliowing news monday ?
if you thiink it wil | jump , you may not want to wait
until it ' s too late .
press reiease : source : itec environmenta | group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , caiif . - - ( business wire )  march 18 , 20 o 5 , itec
environmental group , inc . ( itec . ob ) today announced it
secured a supply of raw materia | from the major
co | | ector of the post consumer used beverage
containers in california as weil as from several
independent sources . the piastic recyciing corp . of
california ( prcc ) has committed to make availabie to
itec up to loo miliion pounds of materia | per year .
itec is currentiy in negotiations for a $ 12 miliion
financing to build 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 eariy
january 2 oo 5 . itec  s first piant will be capable of
producing up to 44 mi | | ion pounds per year .
construction , instailation and start - up for the first
piant are anticipated to take approximateiy four
months . the plant is expected to be fu | | y operational
and generating revenues within 17 weeks from the
closing of the $ 12 mi | | ion financing .
once itec obtains the working capita | necessary to
build its first piant , it wi | | be well positioned to
produce and seil 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 will act as itec  s exciusive agent
for the purchase and sale annually of up to 6 o mi | | ion
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 will seil approximately 12 miilion
pounds of pet and hdpe flake , generating approximateiy
$ 8 , ooo , 0 oo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , 0 oo , 0 oo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second piant wiil become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximately 47 miilion pounds of flake , generating
approximately $ 28 , 000 , ooo in revenues , ebitda of
approximately $ 6 , 000 , ooo and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe fiake
inciude but are not | imited 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 , ail of which are | ocated in
caiifornia . in caiifornia and arizona there are
approximateiy 3 o manufactures of packaging products
that may be able to use itec  s products in their
production .
about itec environmental group
itec environmental group offers soiutions to pressing
environmenta | probiems faced by pubiic agencies and
private entities involved in the recyciing of
plastics . in a research partnership with honeywell
fm & t , itec has developed and successfuily
commerciaiized a revolutionary new system for the
recycling of plastic containers . its proprietary
eco 2 tm system costs 3 o % less to operate , uses no
water , removes ail contaminates and odors from the
finished flake , is ciosed - | oop and thus non - poiluting ,
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 invoive 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
| 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 actua | resuits or
events to differ materially from those presentiy
anticipated . forward looking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " wil | , "
" 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 inciude : a | arge
accumuiated deficit , a large 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 abie to
continue as a going concern in which case you could
lose your entire investment . other factors include
genera | economic and business conditions , the abiiity
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 ail
material facts or does not omit a material fact
necessary to make the statements therein not
misleading . a | | 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 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
shal | 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 fiiings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers shouid not view
information herein as legal , tax , accounting or
investment advice . in compliance with the securities
act of 1933 , section 17 ( b ) , the pubiisher of this
newsletter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiliate shareholder 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 wiil sel | at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to lose money . all factual
information in this report was gathered from pubiic
sources , inciuding but not | imited to sec filings ,
company websites and company press releases . the
publisher of this newsletter believes this information
to be reliabie 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 mailings , or if you feel you have been
wrongfully placed in our membership , please go here or send a biank
e mai | with no thanks in the subject to
( - stock 32 @ yahoo . com - )
investors watch this one starting right now
breaking news at the close friday
itec environmental group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how wi | | the stock react to the foliowing news monday ?
if you thiink it wil | jump , you may not want to wait
until it ' s too late .
press reiease : source : itec environmenta | group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , caiif . - - ( business wire )  march 18 , 20 o 5 , itec
environmental group , inc . ( itec . ob ) today announced it
secured a supply of raw materia | from the major
co | | ector of the post consumer used beverage
containers in california as weil as from several
independent sources . the piastic recyciing corp . of
california ( prcc ) has committed to make availabie to
itec up to loo miliion pounds of materia | per year .
itec is currentiy in negotiations for a $ 12 miliion
financing to build 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 eariy
january 2 oo 5 . itec  s first piant will be capable of
producing up to 44 mi | | ion pounds per year .
construction , instailation and start - up for the first
piant are anticipated to take approximateiy four
months . the plant is expected to be fu | | y operational
and generating revenues within 17 weeks from the
closing of the $ 12 mi | | ion financing .
once itec obtains the working capita | necessary to
build its first piant , it wi | | be well positioned to
produce and seil 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 will act as itec  s exciusive agent
for the purchase and sale annually of up to 6 o mi | | ion
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 will seil approximately 12 miilion
pounds of pet and hdpe flake , generating approximateiy
$ 8 , ooo , 0 oo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , 0 oo , 0 oo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second piant wiil become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximately 47 miilion pounds of flake , generating
approximately $ 28 , 000 , ooo in revenues , ebitda of
approximately $ 6 , 000 , ooo and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe fiake
inciude but are not | imited 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 , ail of which are | ocated in
caiifornia . in caiifornia and arizona there are
approximateiy 3 o manufactures of packaging products
that may be able to use itec  s products in their
production .
about itec environmental group
itec environmental group offers soiutions to pressing
environmenta | probiems faced by pubiic agencies and
private entities involved in the recyciing of
plastics . in a research partnership with honeywell
fm & t , itec has developed and successfuily
commerciaiized a revolutionary new system for the
recycling of plastic containers . its proprietary
eco 2 tm system costs 3 o % less to operate , uses no
water , removes ail contaminates and odors from the
finished flake , is ciosed - | oop and thus non - poiluting ,
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 invoive 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
| 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 actua | resuits or
events to differ materially from those presentiy
anticipated . forward looking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " wil | , "
" 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 inciude : a | arge
accumuiated deficit , a large 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 abie to
continue as a going concern in which case you could
lose your entire investment . other factors include
genera | economic and business conditions , the abiiity
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 ail
material facts or does not omit a material fact
necessary to make the statements therein not
misleading . a | | 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 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
shal | 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 fiiings now , before you invest . the
pubiisher of this newsietter is not a registered
in - vestment advisor . subscribers shouid not view
information herein as legal , tax , accounting or
investment advice . in compliance with the securities
act of 1933 , section 17 ( b ) , the pubiisher of this
newsletter is contracted to receive one hundred
thousand do | | ars from a third party , not an officer ,
director or affiliate shareholder 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 wiil sel | at anytime without notice .
this couid have a negative impact on the price of the
stock , causing you to lose money . all factual
information in this report was gathered from pubiic
sources , inciuding but not | imited to sec filings ,
company websites and company press releases . the
publisher of this newsletter believes this information
to be reliabie 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 mailings , or if you feel you have been
wrongfully placed in our membership , please go here or send a biank
e mai | with no thanks in the subject to
( - stock 32 @ yahoo . com - )