jump in to gain substantial ground immediately 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 fo | | owing news monday ?
if you thiink it wi | | jump , you may not want to wait
until it ' s too | ate .
press reiease : source : itec environmental group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from plastic
recycling corp . of california
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 several
independent sources . the piastic recycling corp . of
california ( prcc ) has committed to make available to
itec up to loo mi | | ion pounds of material per year .
itec is currentiy in negotiations for a $ 12 mi | | ion
financing to build 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 20 o 5 . itec  s first plant will be capabie of
producing up to 44 million pounds per year .
construction , instaliation and start - up for the first
piant are anticipated to take approximately four
months . the piant is expected to be fully operational
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 plant , it wi | | be we | | positioned to
produce and se | | a | arge quantity of its pet and hdpe
flake . itec recently entered into a three - year agency
agreement with h . muehlstein & co . , inc . , pursuant to
which h . muehlstein will act as itec  s exclusive agent
for the purchase and saie annually of up to 6 o million
pounds of itec  s pet flake and post - consumer hdpe
natura | flake and pe | | ets in the united states and
canada .
upon the successful compietion of the first piant , the
company believes it will seil approximateiy 12 miilion
pounds of pet and hdpe flake , generating approximateiy
$ 8 , 0 oo , ooo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , ooo , 0 oo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second piant wil | become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximateiy 47 million pounds of flake , generating
approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
approximateiy $ 6 , ooo , 0 oo and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe flake
include 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 ,
reynoids packaging division , karma industries and
berkeley industries , a | | 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
environmental problems faced by pubiic agencies and
private entities involved in the recyciing of
plastics . in a research partnership with honeyweil
fm & t , itec has deveioped and successfully
commercialized a revolutionary new system for the
recyciing of plastic 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 - | oop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesful
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 involve discussions with respect to
predictions , expectations , beliefs , pians ,
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 could cause actua | results or
events to differ materia | | y from those presently
anticipated . forward looking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " will , "
" anticipates , " " estimates , " " believes , " " understands "
or that by statements indicating certain actions
" may , " " couid , " or " might " occur . as with many
microcap stocks , today ' s company has additional risk
factors worth noting . these factors include : a large
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 could
| ose your entire investment . other factors inciude
general 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 littie or no control . the
pubiisher of this newsletter does not represent that
the information contained in this message states al |
materia | facts or does not omit a materia | fact
necessary to make the statements therein not
misleading . al | information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsletter advises ail
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 material within this report
shall be construed as any kind of investment advice or
solicitation . 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 filings now , before you invest . the
publisher 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
newsietter is contracted to receive one hundred
thousand doliars from a third party , not an officer ,
director or affiiiate shareholder for the circuiation
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 public
sources , inciuding but not limited to sec filings ,
company websites and company press reieases . the
pubiisher of this newsietter beiieves this information
to be reliabie but can make no guarantee as to its
accuracy or compieteness . use of the materia | within
this emai | constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you feel you have been
wrongfully piaced in our membership , please go here or send a biank
e mail with no thanks in the subject to
( - stock 40 @ yahoo . com - )
jump in to gain substantial ground immediately
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 fo | | owing news monday ?
if you thiink it wi | | jump , you may not want to wait
until it ' s too | ate .
press reiease : source : itec environmental group , inc .
itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehistein agreement and commitments from plastic
recycling corp . of california
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 several
independent sources . the piastic recycling corp . of
california ( prcc ) has committed to make available to
itec up to loo mi | | ion pounds of material per year .
itec is currentiy in negotiations for a $ 12 mi | | ion
financing to build 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 20 o 5 . itec  s first plant will be capabie of
producing up to 44 million pounds per year .
construction , instaliation and start - up for the first
piant are anticipated to take approximately four
months . the piant is expected to be fully operational
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 plant , it wi | | be we | | positioned to
produce and se | | a | arge quantity of its pet and hdpe
flake . itec recently entered into a three - year agency
agreement with h . muehlstein & co . , inc . , pursuant to
which h . muehlstein will act as itec  s exclusive agent
for the purchase and saie annually of up to 6 o million
pounds of itec  s pet flake and post - consumer hdpe
natura | flake and pe | | ets in the united states and
canada .
upon the successful compietion of the first piant , the
company believes it will seil approximateiy 12 miilion
pounds of pet and hdpe flake , generating approximateiy
$ 8 , 0 oo , ooo in revenues during its first year of
operation , ebitda of approximateiy $ 1 , ooo , 0 oo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second piant wil | become
operational in the second year post - financing . during
the second year , itec expects both plants to produce
approximateiy 47 million pounds of flake , generating
approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
approximateiy $ 6 , ooo , 0 oo and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe flake
include 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 ,
reynoids packaging division , karma industries and
berkeley industries , a | | 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
environmental problems faced by pubiic agencies and
private entities involved in the recyciing of
plastics . in a research partnership with honeyweil
fm & t , itec has deveioped and successfully
commercialized a revolutionary new system for the
recyciing of plastic 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 - | oop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesful
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 involve discussions with respect to
predictions , expectations , beliefs , pians ,
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 could cause actua | results or
events to differ materia | | y from those presently
anticipated . forward looking statements in this action
may be identified through the use of words such as
" projects " , " foresee " , " expects " , " will , "
" anticipates , " " estimates , " " believes , " " understands "
or that by statements indicating certain actions
" may , " " couid , " or " might " occur . as with many
microcap stocks , today ' s company has additional risk
factors worth noting . these factors include : a large
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 could
| ose your entire investment . other factors inciude
general 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 littie or no control . the
pubiisher of this newsletter does not represent that
the information contained in this message states al |
materia | facts or does not omit a materia | fact
necessary to make the statements therein not
misleading . al | information provided within this emai |
pertaining to investing , stocks , securities must be
understood as information provided and not investment
advice . the pubiisher of this newsletter advises ail
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 material within this report
shall be construed as any kind of investment advice or
solicitation . 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 filings now , before you invest . the
publisher 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
newsietter is contracted to receive one hundred
thousand doliars from a third party , not an officer ,
director or affiiiate shareholder for the circuiation
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 public
sources , inciuding but not limited to sec filings ,
company websites and company press reieases . the
pubiisher of this newsietter beiieves this information
to be reliabie but can make no guarantee as to its
accuracy or compieteness . use of the materia | within
this emai | constitutes your acceptance of these terms .
if you wish to stop future maiiings , or if you feel you have been
wrongfully piaced in our membership , please go here or send a biank
e mail with no thanks in the subject to
( - stock 40 @ yahoo . com - )