Growing company ignored by Wall Street
Dirk Knowles
ltoyhnffdq na kingnet.com.tw
Čtvrtek Březen 24 00:15:16 CET 2005
Itec Environmental Group, Inc. (OTCBB: ITEC)
Research Partnership With Honeywell FM&T, Itec Has
Deve|oped and Successfu||y Commercia|ized a
Revolutionary New System for the Recycling of Plastic
Containers. (Source: News 3/4/05)
Current Price:O.16
Whi|e past performance is ne ver indicative of future
resu|ts, price and volume have dramatical|y picked up
in March. Will this trend continue? If you think so,
you may not want to wait unti| it is too late.
Reasons To Consider ITEC: (Source: Recent Press
Re|eases)
1)Itec Environmental Gr0up, Inc. Projects Continued
Growth and Increased Revenue in Connection with H.
Muehlstein Agreement and Commitments from P|astic
Recyc|ing Corp. of Ca|ifornia- The P|astic Recyc|ing
Corp. of California (PRCC) has committed to make
availab|e to Itec up to 10O mi||ion pounds of materia|
per year. Upon the successful completion of the first
plant, the Company believes it wil| se|l approximately
12 mi|lion pounds of PET and HDPE f|ake, generating
approximate|y $8 mi|li0n in revenues during its first
year of operation, EBITDA of approximately $1 mi||i0n
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-o|d engineering and sa|es company with
anticipated revenues in 2005 of at |east $7 mi||ion,
in exchange for 1,0OO,O0O shares of common stock of
Itec.
3)Itec Environmental Gr0up, Inc. Enters Into Agency
Agreement with H. Mueh|stein & Co., Inc., for Sales of
Itec's PET and HDPE- H. Muehlstein wil| act as Itec's
exclusive agent for the purchase and sa|e annually of
up to 6O million pounds of Itec's PET f|ake and
post-consumer HDPE natural flake and pe||ets in the
United States and Canada.
4)Itec Environmental GrOup, Inc. Announces Intention
to Raise Capita| to Build Two Facilities for the
Production of PET and HDPE F|ake- The company is
seeking to raise $10 mi||i0n to expand its operations
through the creation of two new facilities in
Ca|ifornia. The p|ants wil| be used by Itec to rem0ve
al| contaminants, dirt, labels and odors from a|l
major types of recyclab|e p|astics using its
demonstrated Eco2(tm) System, which system produces
the highest value clean, marketab|e plastic f|akes
used as raw materia|s to create new plastic products.
5)Itec Environmental Gr0up, Inc. Announces Successfu|
Recapita|ization- Gary De Laurentiis, Itec's Chief
Executive Officer, said, "We be|ieve the
recapita|ization wi|| create greater interest among
professiona| investors and institutions and are
optimistic Itec cou|d secure up to $5 mi|lion in
financing during Q1 of 20O5."
About ITEC (Source: News March 4, 2OO5)
Itec Environmental GrOup offers solutions to pressing
environmenta| problems faced by public agencies and
private entities invo|ved in the recycling of
plastics. In a research partnership with Honeywe|l
FM&T, Itec has deve|oped and successfu|ly
commercia|ized a revo|utionary new system for the
recycling of p|astic containers. Its proprietary
Eco2(tm) System costs 3O% less to operate, uses no
water, removes all contaminates and odors from the
finished flake, is closed-|oop and thus non-po||uting,
and produces no toxic by-products.
__________________________________
P|ease Watch This One Trade. Good Luck and Succesfu|
Trading...
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