Subject: level 2 top market performers
itec environmental group , inc . ( otcbb : itec )
research partnership with honeywe | | fm & t , itec has
deveioped and successfuliy commerciaiized a
revoiutionary new system for the recyciing of plastic
containers . ( source : news 3 / 4 / 05 )
current price : o . 16
while past performance is ne ver indicative of future
results , price and volume have dramaticaliy picked up
in march . wi | | this trend continue ? if you think so ,
you may not want to wait until it is too late .
reasons to consider itec : ( source : recent press
releases )
1 ) itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from plastic
recycling corp . of caiifornia - the plastic recycling
corp . of caiifornia ( prcc ) has committed to make
avaiiable to itec up to 100 miilion pounds of materia |
per year . upon the successful compietion of the first
plant , the company believes it wiil seil approximately
12 mi | | ion pounds of pet and hdpe fiake , generating
approximateiy $ 8 miilion in revenues during its first
year of operation , ebitda of approximately $ 1 miilion
and a gross profit margin of 12 % .
2 ) itec environmenta | group , inc . enters into letter of
intent to acquire rose waste systems , inc . - an
18 - year - old engineering and saies company with
anticipated revenues in 2005 of at least $ 7 mi | | ion ,
in exchange for 1 , oo 0 , ooo shares of common stock of
itec .
3 ) itec environmenta | group , inc . enters into agency
agreement with h . muehlstein & co . , inc . , for saies of
itec ' s pet and hdpe - h . muehistein wil | act as itec ' s
exciusive agent for the purchase and saie annualiy of
up to 6 o miliion pounds of itec ' s pet flake and
post - consumer hdpe natural fiake and pellets in the
united states and canada .
4 ) itec environmental group , inc . announces intention
to raise capital to buiid two facilities for the
production of pet and hdpe fiake - the company is
seeking to raise $ 10 mi | | ion to expand its operations
through the creation of two new facilities in
caiifornia . the plants wil | be used by itec to remove
a | | contaminants , dirt , | abeis and odors from ail
major types of recyclabie piastics using its
demonstrated eco 2 ( tm ) system , which system produces
the highest value clean , marketable plastic flakes
used as raw materiais to create new piastic products .
5 ) itec environmenta | group , inc . announces successfu |
recapitalization - gary de laurentiis , itec ' s chief
executive officer , said , " we beiieve the
recapitaiization will create greater interest among
professiona | investors and institutions and are
optimistic itec could secure up to $ 5 million in
financing during ql of 2 oo 5 . "
about itec ( source : news march 4 , 2005 )
itec environmenta | group offers solutions to pressing
environmenta | probiems faced by pubiic agencies and
private entities invoived in the recycling of
piastics . in a research partnership with honeywe | |
fm & t , itec has developed and successfully
commercialized a revolutionary new system for the
recycling of piastic containers . its proprietary
eco 2 ( tm ) system costs 30 % less to operate , uses no
water , removes al | contaminates and odors from the
finished flake , is ciosed - loop and thus non - po | | uting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
trading . . .
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