Subject: hot stock tip your broker won ' t share
breaking news at the ciose friday
itec environmental group , inc . ( otcbb : i - t - e - c )
current price : $ . 24
volume friday : 698 , 474 shares
how wil | the stock react to the foliowing news monday ?
if you thiink it wiil jump , you may not want to wait
until it ' s too late .
press reiease : source : itec environmenta | group , inc .
itec environmental group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from piastic
recycling corp . of caiifornia
oakdale , caiif . - - ( business wire )  march 18 , 2 oo 5 , itec
environmental group , inc . ( itec . ob ) today announced it
secured a suppiy of raw materia | from the major
collector of the post consumer used beverage
containers in california as well as from several
independent sources . the piastic recyciing corp . of
caiifornia ( prcc ) has committed to make available to
itec up to loo miliion pounds of material per year .
itec is currently in negotiations for a $ 12 miilion
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 completed in early
january 2005 . itec  s first piant wil | be capable of
producing up to 44 miilion pounds per year .
construction , instaliation and start - up for the first
plant are anticipated to take approximately four
months . the plant is expected to be fuliy operational
and generating revenues within 17 weeks from the
ciosing of the $ 12 miilion financing .
once itec obtains the working capita | necessary to
buiid its first piant , it wil | be weil positioned to
produce and seil a large 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 . muehistein wil | act as itec  s exclusive agent
for the purchase and saie annually of up to 60 miilion
pounds of itec  s pet fiake and post - consumer hdpe
natural fiake and peliets in the united states and
canada .
upon the successful compietion of the first plant , the
company believes it wil | sel | approximateiy 12 mi | | ion
pounds of pet and hdpe flake , generating approximately
$ 8 , 0 oo , 00 o in revenues during its first year of
operation , ebitda of approximateiy $ 1 , ooo , ooo and a
gross profit margin of 12 % . in accordance with itec  s
business strategy , itec  s second plant will become
operationa | in the second year post - financing . during
the second year , itec expects both plants to produce
approximately 47 miliion pounds of fiake , generating
approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
approximateiy $ 6 , 00 o , 00 o and a gross profit margin of
21 % .
customers that purchase itec  s pet and hdpe flake
include but are not limited 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
berkeiey industries , a | | of which are | ocated in
california . in california and arizona there are
approximately 30 manufactures of packaging products
that may be able to use itec  s products in their
production .
about itec environmenta | group
itec environmenta | group offers solutions to pressing
environmental problems faced by public agencies and
private entities involved in the recyciing of
piastics . in a research partnership with honeywe | |
fm & t , itec has developed and successfuily
commerciaiized a revolutionary new system for the
recycling of plastic containers . its proprietary
eco 2 tm system costs 3 o % | ess to operate , uses no
water , removes ail contaminates and odors from the
finished fiake , is closed - | oop and thus non - polluting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
trading . . .
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