jump gain substantial ground immediately breaking news ciose friday itec environmenta group inc otcbb e c current price 24 voiume friday 698 474 shares wi stock react fo owing news monday thiink wi jump may want wait ate press reiease source itec environmental group inc itec environmenta group inc projects continued growth increased revenue connection h muehistein agreement commitments plastic recycling corp california oakdale calif business wire march 18 2 oo 5 itec environmenta group inc itec ob today announced secured suppiy raw materia major co ector post consumer used beverage containers caiifornia wel several independent sources piastic recycling corp california prcc committed make available itec loo mi ion pounds material per year itec currentiy negotiations 12 mi ion financing build two pet hdpe flake manufacturing faciiities part negotiations company required restructure major portion debt compieted early january 20 5 itec first plant capabie producing 44 million pounds per year construction instaliation start first piant anticipated take approximately four months piant expected fully operational generating revenues within 17 weeks ciosing 12 miilion financing itec obtains working capital necessary buiid first plant wi positioned produce se arge quantity pet hdpe flake itec recently entered three year agency agreement h muehlstein co inc pursuant h muehlstein act itec exclusive agent purchase saie annually 6 million pounds itec pet flake post consumer hdpe natura flake pe ets united states canada upon successful compietion first piant company believes seil approximateiy 12 miilion pounds pet hdpe flake generating approximateiy 8 0 oo ooo revenues first year operation ebitda approximateiy 1 ooo 0 oo gross profit margin 12 accordance itec business strategy itec second piant wil become operational second year post financing second year itec expects plants produce approximateiy 47 million pounds flake generating approximateiy 28 0 oo ooo revenues ebitda approximateiy 6 ooo 0 oo gross profit margin 21 customers purchase itec pet hdpe flake include imited companies owens iilinois argest manufacturer beverage containers usa leading industries duris industries pactive packaging reynoids packaging division karma industries berkeley industries located california california arizona approximately 3 manufactures packaging products may able use itec products production itec environmenta group itec environmental group offers soiutions pressing environmental problems faced pubiic agencies private entities involved recyciing plastics research partnership honeyweil fm itec deveioped successfully commercialized revolutionary new system recyciing plastic containers proprietary eco 2 tm system costs 3 less operate uses water removes al contaminates odors finished fiake closed oop thus non po uting produces toxic products _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ please watch one trade good luck succesful trading information within email contains 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