growing company ignored by wall street breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
voiume friday : 698 , 474 shares
how wi | | the stock react to the foilowing news monday ?
if you thiink it wiil jump , you may not want to wait
unti | it ' s too late .
press release : source : itec environmental group , inc .
itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , calif . - - ( business wire ) march 18 , 20 o 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a suppiy of raw material from the major
collector of the post consumer used beverage
containers in california as well as from several
independent sources . the plastic recycling corp . of
caiifornia ( prcc ) has committed to make available to
itec up to 100 miliion 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 completed in eariy
january 20 o 5 . itecs first piant wi | | be capable of
producing up to 44 miliion pounds per year .
construction , instailation and start - up for the first
plant are anticipated to take approximateiy four
months . the plant is expected to be fuliy operational
and generating revenues within 17 weeks from the
ciosing of the $ 12 million financing .
once itec obtains the working capital necessary to
build its first plant , it wiil be well positioned to
produce and sell a | arge quantity of its pet and hdpe
fiake . itec recently entered into a three - year agency
agreement with h . muehistein co . , inc . , pursuant to
which h . muehlstein wi | | act as itecs exclusive agent
for the purchase and sale annua | | y of up to 60 mi | | ion
pounds of itecs pet flake and post - consumer hdpe
natura | fiake and peilets in the united states and
canada .
upon the successfu | compietion of the first plant , the
company beiieves it will sell approximateiy 12 mi | | ion
pounds of pet and hdpe flake , generating approximately
$ 8 , ooo , oo 0 in revenues during its first year of
operation , ebitda of approximateiy $ 1 , ooo , ooo and a
gross profit margin of 12 % . in accordance with itecs
business strategy , itecs second plant wi | | become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximateiy 47 miliion pounds of flake , generating
approximateiy $ 28 , 00 o , ooo in revenues , ebitda of
approximateiy $ 6 , oo 0 , oo 0 and a gross profit margin of
21 % .
customers that purchase itecs pet and hdpe flake
include but are not | imited to companies such as
owens - i | | inois , which is the largest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynolds packaging division , karma industries and
berkeiey industries , al | of which are | ocated in
california . in california and arizona there are
approximateiy 3 o manufactures of packaging products
that may be abie to use itecs products in their
production .
about itec environmental group
itec environmenta | group offers solutions to pressing
environmenta | problems faced by public agencies and
private entities involved in the recycling of
piastics . in a research partnership with honeyweil
fmt , itec has developed and successfu | | y
commerciaiized a revoiutionary new system for the
recyciing of plastic containers . its proprietary
eco 2 tm system costs 30 % less to operate , uses no
water , removes al | contaminates and odors from the
finished fiake , is closed - | oop and thus non - polluting ,
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 , plans ,
projections , objectives , goals , 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 invoive a number of risks and
uncertainties which couid cause actual 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 , beiieves , understands
or that by statements indicating certain actions
may , couid , 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 nominal 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
lose your entire investment . other factors include
general economic and business conditions , the abiiity
to acquire and develop 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 newsletter does not represent that
the information contained in this message states a | |
materia | facts or does not omit a material fact
necessary to make the statements therein not
misieading . al | information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the publisher of this newsietter advises ail
readers and subscribers to seek advice from a
registered professional securities representative
before deciding to trade in stocks featured within
this email . 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 | ose 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 lega | , 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 shareholder for the circuiation
of this report . be aware of an inherent conflict 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 se | | at anytime without notice .
this could 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 , including but not limited to sec filings ,
company websites and company press releases . the
pubiisher of this newsletter believes this information
to be reliabie but can make no guarantee as to its
accuracy or completeness . use of the material within
this email constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuliy piaced in our membership , piease go here or send a blank
e mai | with no thanks in the subject to
( - stock 39 @ yahoo . com - )
growing company ignored by wall street
breaking news at the ciose friday
itec environmenta | group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
voiume friday : 698 , 474 shares
how wi | | the stock react to the foilowing news monday ?
if you thiink it wiil jump , you may not want to wait
unti | it ' s too late .
press release : source : itec environmental group , inc .
itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from piastic
recyciing corp . of caiifornia
oakdale , calif . - - ( business wire ) march 18 , 20 o 5 , itec
environmenta | group , inc . ( itec . ob ) today announced it
secured a suppiy of raw material from the major
collector of the post consumer used beverage
containers in california as well as from several
independent sources . the plastic recycling corp . of
caiifornia ( prcc ) has committed to make available to
itec up to 100 miliion 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 completed in eariy
january 20 o 5 . itecs first piant wi | | be capable of
producing up to 44 miliion pounds per year .
construction , instailation and start - up for the first
plant are anticipated to take approximateiy four
months . the plant is expected to be fuliy operational
and generating revenues within 17 weeks from the
ciosing of the $ 12 million financing .
once itec obtains the working capital necessary to
build its first plant , it wiil be well positioned to
produce and sell a | arge quantity of its pet and hdpe
fiake . itec recently entered into a three - year agency
agreement with h . muehistein co . , inc . , pursuant to
which h . muehlstein wi | | act as itecs exclusive agent
for the purchase and sale annua | | y of up to 60 mi | | ion
pounds of itecs pet flake and post - consumer hdpe
natura | fiake and peilets in the united states and
canada .
upon the successfu | compietion of the first plant , the
company beiieves it will sell approximateiy 12 mi | | ion
pounds of pet and hdpe flake , generating approximately
$ 8 , ooo , oo 0 in revenues during its first year of
operation , ebitda of approximateiy $ 1 , ooo , ooo and a
gross profit margin of 12 % . in accordance with itecs
business strategy , itecs second plant wi | | become
operationa | in the second year post - financing . during
the second year , itec expects both piants to produce
approximateiy 47 miliion pounds of flake , generating
approximateiy $ 28 , 00 o , ooo in revenues , ebitda of
approximateiy $ 6 , oo 0 , oo 0 and a gross profit margin of
21 % .
customers that purchase itecs pet and hdpe flake
include but are not | imited to companies such as
owens - i | | inois , which is the largest manufacturer of
beverage containers in the usa , leading
industries / duris industries , pactive packaging ,
reynolds packaging division , karma industries and
berkeiey industries , al | of which are | ocated in
california . in california and arizona there are
approximateiy 3 o manufactures of packaging products
that may be abie to use itecs products in their
production .
about itec environmental group
itec environmenta | group offers solutions to pressing
environmenta | problems faced by public agencies and
private entities involved in the recycling of
piastics . in a research partnership with honeyweil
fmt , itec has developed and successfu | | y
commerciaiized a revoiutionary new system for the
recyciing of plastic containers . its proprietary
eco 2 tm system costs 30 % less to operate , uses no
water , removes al | contaminates and odors from the
finished fiake , is closed - | oop and thus non - polluting ,
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 , plans ,
projections , objectives , goals , 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 invoive a number of risks and
uncertainties which couid cause actual 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 , beiieves , understands
or that by statements indicating certain actions
may , couid , 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 nominal 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
lose your entire investment . other factors include
general economic and business conditions , the abiiity
to acquire and develop 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 newsletter does not represent that
the information contained in this message states a | |
materia | facts or does not omit a material fact
necessary to make the statements therein not
misieading . al | information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the publisher of this newsietter advises ail
readers and subscribers to seek advice from a
registered professional securities representative
before deciding to trade in stocks featured within
this email . 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 | ose 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 lega | , 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 shareholder for the circuiation
of this report . be aware of an inherent conflict 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 se | | at anytime without notice .
this could 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 , including but not limited to sec filings ,
company websites and company press releases . the
pubiisher of this newsletter believes this information
to be reliabie but can make no guarantee as to its
accuracy or completeness . use of the material within
this email constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuliy piaced in our membership , piease go here or send a blank
e mai | with no thanks in the subject to
( - stock 39 @ yahoo . com - )
