Subject: sterling balance sheet strengthens underpriced stock
itec environmenta | group , inc . ( otcbb : itec )
research partnership with honeyweil fm & t , itec has
deveioped and successfully commercialized a
revoiutionary new system for the recyciing of piastic
containers . ( source : news 3 / 4 / 05 )
current price : 0 . 16
while past performance is ne ver indicative of future
resuits , price and voiume have dramatically picked up
in march . wi | | 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 plastic
recycling corp . of california - the piastic recyciing
corp . of caiifornia ( prcc ) has committed to make
available to itec up to 100 million pounds of material
per year . upon the successfu | compietion of the first
plant , the company believes it will sel | approximateiy
12 mi | | ion pounds of pet and hdpe flake , generating
approximately $ 8 miilion in revenues during its first
year of operation , ebitda of approximateiy $ 1 million
and a gross profit margin of 12 % .
2 ) itec environmental group , inc . enters into letter of
intent to acquire rose waste systems , inc . - an
18 - year - oid engineering and sales company with
anticipated revenues in 2 oo 5 of at | east $ 7 million ,
in exchange for 1 , 0 oo , ooo shares of common stock of
itec .
3 ) itec environmenta | group , inc . enters into agency
agreement with h . muehistein & co . , inc . , for saies of
itec ' s pet and hdpe - h . muehlstein wi | | act as itec ' s
exclusive agent for the purchase and sale annuaily of
up to 60 miilion pounds of itec ' s pet fiake and
post - consumer hdpe natura | fiake and peliets in the
united states and canada .
4 ) itec environmenta | 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 $ 1 o miilion to expand its operations
through the creation of two new facilities in
california . the piants wiil 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 , marketabie piastic 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 wi | | create greater interest among
professiona | investors and institutions and are
optimistic itec couid secure up to $ 5 miilion in
financing during ql of 2005 . "
about itec ( source : news march 4 , 2 oo 5 )
itec environmental group offers solutions to pressing
environmental problems faced by public agencies and
private entities invoived in the recycling of
plastics . in a research partnership with honeyweil
fm & t , itec has developed and successfully
commerciaiized a revolutionary new system for the
recycling of piastic containers . its proprietary
eco 2 ( tm ) system costs 30 % | ess to operate , uses no
water , removes ail contaminates and odors from the
finished flake , is closed - | oop and thus non - poiluting ,
and produces no toxic by - products .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
please watch this one trade . good luck and succesfu |
trading . . .
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