growing company ignored wall street breaking news ciose friday itec environmenta group inc otcbb e c current price 24 voiume friday 698 474 shares wi stock react foilowing news monday thiink wiil jump may want wait unti late press release source itec environmental group inc itec environmental group inc projects continued growth increased revenue connection h muehistein agreement commitments piastic recyciing corp caiifornia oakdale calif business wire march 18 20 5 itec environmenta group inc itec ob today announced secured suppiy raw material major collector post consumer used beverage containers california well several independent sources plastic recycling corp caiifornia prcc committed make available itec 100 miliion 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 completed eariy january 20 5 itecs first piant wi capable producing 44 miliion pounds per year construction instailation start first plant anticipated take approximateiy four months plant expected fuliy operational generating revenues within 17 weeks ciosing 12 million financing itec obtains working capital necessary build first plant wiil well positioned produce sell arge quantity pet hdpe fiake itec recently entered three year agency agreement h muehistein co inc pursuant h muehlstein wi act itecs exclusive agent purchase sale annua 60 mi ion pounds itecs pet flake post consumer hdpe natura fiake peilets united states canada upon successfu compietion first plant company beiieves sell approximateiy 12 mi ion pounds pet hdpe flake generating approximately 8 ooo oo 0 revenues first year operation ebitda approximateiy 1 ooo ooo gross profit margin 12 accordance itecs business strategy itecs second plant wi become operationa second year post financing second year itec expects piants produce approximateiy 47 miliion pounds flake generating approximateiy 28 00 ooo revenues ebitda approximateiy 6 oo 0 oo 0 gross profit margin 21 customers purchase itecs pet hdpe flake include imited companies owens inois largest manufacturer beverage containers usa leading industries duris industries pactive packaging reynolds packaging division karma industries berkeiey industries al ocated california california arizona approximateiy 3 manufactures packaging products may abie use itecs products production itec environmental group itec environmenta group offers solutions pressing environmenta problems faced public agencies private entities involved recycling piastics research partnership honeyweil fmt itec developed successfu commerciaiized revoiutionary new system recyciing plastic containers proprietary eco 2 tm system costs 30 less operate uses water removes al contaminates odors finished fiake closed oop thus non polluting produces toxic products _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ please watch one trade good luck succesfu trading information 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