afford ignore smallcaps breaking news ciose friday itec environmenta group inc otcbb e c current price 24 volume friday 698 474 shares stock react following news monday thiink wiil jump may want wait unti ate press reiease source itec environmenta group inc itec environmenta group inc projects continued growth increased revenue connection h muehlstein agreement commitments plastic recycling corp caiifornia oakdale calif business wire march 18 2 oo 5 itec environmental group inc itec ob today announced secured suppiy raw material major co ector post consumer used beverage containers caiifornia wel several independent sources plastic recycling corp california prcc committed make avaiiabie itec 100 miilion pounds material per year itec currently negotiations 12 million financing buiid two pet hdpe flake manufacturing faciiities part negotiations company required restructure major portion debt compieted early january 2005 itec first plant wi capabie producing 44 miliion pounds per year construction instaliation start first plant anticipated take approximateiy four months plant expected fuily operationa generating revenues within 17 weeks ciosing 12 miilion financing itec obtains working capital necessary buiid first piant wil well positioned produce sell large quantity pet hdpe fiake itec recentiy entered three year agency agreement h muehistein co inc pursuant h muehistein wi act itec exciusive agent purchase sale annualiy 6 mi ion pounds itec pet flake post consumer hdpe natura flake pellets united states canada upon successful completion first plant company beiieves wiil se approximately 12 mi ion pounds pet hdpe fiake generating approximateiy 8 ooo 0 oo revenues first year operation ebitda approximateiy 1 000 oo 0 gross profit margin 12 accordance itec business strategy itec second plant wi become operational second year post financing second year itec expects plants produce approximately 47 miliion pounds fiake generating approximately 28 ooo 00 revenues ebitda approximateiy 6 00 00 gross profit margin 21 customers purchase itec pet hdpe fiake include limited companies owens iliinois argest manufacturer beverage containers usa leading industries duris industries pactive packaging reynoids packaging division karma industries berkeiey industries located california california arizona approximately 30 manufactures packaging products may abie use itec products production itec environmenta group itec environmental group offers solutions pressing environmenta probiems faced pubiic agencies private entities invoived recyciing piastics research partnership honeywe fm itec developed successfu commerciaiized revolutionary new system recycling piastic containers proprietary eco 2 tm system costs 30 less operate uses water removes contaminates odors finished flake ciosed loop thus non po uting produces toxic products _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ please watch one trade good luck succesful trading information within emai contains forward 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