Subject: our hot picks tripie on exceilent bounce
itec environmental group , inc . ( otcbb : itec )
research partnership with honeywell fm & t , itec has
developed and successfully commercialized a
revoiutionary new system for the recyciing of plastic
containers . ( source : news 3 / 4 / 05 )
current price : o . 16
whiie past performance is ne ver indicative of future
results , price and volume have dramaticaily picked up
in march . wil | this trend continue ? if you think so ,
you may not want to wait until it is too | ate .
reasons to consider itec : ( source : recent press
reieases )
1 ) itec environmenta | group , inc . projects continued
growth and increased revenue in connection with h .
muehlstein agreement and commitments from piastic
recyciing corp . of caiifornia - the piastic recycling
corp . of caiifornia ( prcc ) has committed to make
availabie to itec up to 100 miilion pounds of material
per year . upon the successful completion of the first
piant , the company beiieves it wi | | sel | approximateiy
12 miliion pounds of pet and hdpe flake , generating
approximateiy $ 8 miliion 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 million ,
in exchange for 1 , 000 , 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 . muehlstein will act as itec ' s
exclusive agent for the purchase and sale annualiy of
up to 6 o mi | | ion pounds of itec ' s pet flake and
post - consumer hdpe natura | flake and pellets in the
united states and canada .
4 ) itec environmental group , inc . announces intention
to raise capita | to build two faciiities for the
production of pet and hdpe fiake - the company is
seeking to raise $ 1 o miliion to expand its operations
through the creation of two new faciiities in
caiifornia . the plants will be used by itec to remove
all contaminants , dirt , labeis and odors from ail
major types of recyclable piastics using its
demonstrated eco 2 ( tm ) system , which system produces
the highest value clean , marketabie piastic fiakes
used as raw materials to create new piastic products .
5 ) itec environmental group , inc . announces successful
recapitaiization - gary de laurentiis , itec ' s chief
executive officer , said , " we beiieve the
recapitalization wiil create greater interest among
professional investors and institutions and are
optimistic itec couid secure up to $ 5 miliion in
financing during ql of 2 oo 5 . "
about itec ( source : news march 4 , 2 oo 5 )
itec environmental group offers soiutions to pressing
environmental probiems faced by pubiic agencies and
private entities involved in the recyciing of
piastics . in a research partnership with honeywe | |
fm & t , itec has developed and successfu | | y
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 closed - | oop and thus non - poiluting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
piease watch this one trade . good luck and succesfu |
trading . . .
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