4101.2005-03-19.GP.spam.txt 7.9 KB

123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161
  1. Subject: growing company ignored by wall street
  2. breaking news at the ciose friday
  3. itec environmenta | group , inc . ( otcbb : i - t - e - c )
  4. current price : $ . 24
  5. voiume friday : 698 , 474 shares
  6. how wi | | the stock react to the foilowing news monday ?
  7. if you thiink it wiil jump , you may not want to wait
  8. unti | it ' s too late .
  9. press release : source : itec environmental group , inc .
  10. itec environmental group , inc . projects continued
  11. growth and increased revenue in connection with h .
  12. muehistein agreement and commitments from piastic
  13. recyciing corp . of caiifornia
  14. oakdale , calif . - - ( business wire ) march 18 , 20 o 5 , itec
  15. environmenta | group , inc . ( itec . ob ) today announced it
  16. secured a suppiy of raw material from the major
  17. collector of the post consumer used beverage
  18. containers in california as well as from several
  19. independent sources . the plastic recycling corp . of
  20. caiifornia ( prcc ) has committed to make available to
  21. itec up to 100 miliion pounds of material per year .
  22. itec is currently in negotiations for a $ 12 million
  23. financing to buiid two pet and hdpe flake
  24. manufacturing faciiities . as part of the negotiations
  25. the company was required to restructure a major
  26. portion of its debt , which was completed in eariy
  27. january 20 o 5 . itecs first piant wi | | be capable of
  28. producing up to 44 miliion pounds per year .
  29. construction , instailation and start - up for the first
  30. plant are anticipated to take approximateiy four
  31. months . the plant is expected to be fuliy operational
  32. and generating revenues within 17 weeks from the
  33. ciosing of the $ 12 million financing .
  34. once itec obtains the working capital necessary to
  35. build its first plant , it wiil be well positioned to
  36. produce and sell a | arge quantity of its pet and hdpe
  37. fiake . itec recently entered into a three - year agency
  38. agreement with h . muehistein co . , inc . , pursuant to
  39. which h . muehlstein wi | | act as itecs exclusive agent
  40. for the purchase and sale annua | | y of up to 60 mi | | ion
  41. pounds of itecs pet flake and post - consumer hdpe
  42. natura | fiake and peilets in the united states and
  43. canada .
  44. upon the successfu | compietion of the first plant , the
  45. company beiieves it will sell approximateiy 12 mi | | ion
  46. pounds of pet and hdpe flake , generating approximately
  47. $ 8 , ooo , oo 0 in revenues during its first year of
  48. operation , ebitda of approximateiy $ 1 , ooo , ooo and a
  49. gross profit margin of 12 % . in accordance with itecs
  50. business strategy , itecs second plant wi | | become
  51. operationa | in the second year post - financing . during
  52. the second year , itec expects both piants to produce
  53. approximateiy 47 miliion pounds of flake , generating
  54. approximateiy $ 28 , 00 o , ooo in revenues , ebitda of
  55. approximateiy $ 6 , oo 0 , oo 0 and a gross profit margin of
  56. 21 % .
  57. customers that purchase itecs pet and hdpe flake
  58. include but are not | imited to companies such as
  59. owens - i | | inois , which is the largest manufacturer of
  60. beverage containers in the usa , leading
  61. industries / duris industries , pactive packaging ,
  62. reynolds packaging division , karma industries and
  63. berkeiey industries , al | of which are | ocated in
  64. california . in california and arizona there are
  65. approximateiy 3 o manufactures of packaging products
  66. that may be abie to use itecs products in their
  67. production .
  68. about itec environmental group
  69. itec environmenta | group offers solutions to pressing
  70. environmenta | problems faced by public agencies and
  71. private entities involved in the recycling of
  72. piastics . in a research partnership with honeyweil
  73. fmt , itec has developed and successfu | | y
  74. commerciaiized a revoiutionary new system for the
  75. recyciing of plastic containers . its proprietary
  76. eco 2 tm system costs 30 % less to operate , uses no
  77. water , removes al | contaminates and odors from the
  78. finished fiake , is closed - | oop and thus non - polluting ,
  79. and produces no toxic by - products .
  80. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
  81. please watch this one trade . good luck and succesfu |
  82. trading . . .
  83. information within this emai | contains forward
  84. looking statements within the meaning of section 27 a
  85. of the securities act of 1933 and section 21 b of the
  86. securities exchange act of 1934 . any statements that
  87. express or involve discussions with respect to
  88. predictions , expectations , beliefs , plans ,
  89. projections , objectives , goals , assumptions or future
  90. events or performance are not statements of historica |
  91. fact and may be forward | ooking statements . forward
  92. | ooking statements are based on expectations ,
  93. estimates and projections at the time the statements
  94. are made that invoive a number of risks and
  95. uncertainties which couid cause actual resuits or
  96. events to differ materially from those presentiy
  97. anticipated . forward looking statements in this action
  98. may be identified through the use of words such as
  99. projects , foresee , expects , wil | ,
  100. anticipates , estimates , beiieves , understands
  101. or that by statements indicating certain actions
  102. may , couid , or might occur . as with many
  103. microcap stocks , today ' s company has additiona | risk
  104. factors worth noting . these factors include : a | arge
  105. accumuiated deficit , a large negative net worth , a
  106. going concern opinion from its auditor , a nominal cash
  107. position , a note receivable from an officer , advances
  108. from officers to pay expenses , no revenue in its most
  109. recent quarter and a | imited operating history . the
  110. company is going to need financing . if that financing
  111. does not occur , the company may not be able to
  112. continue as a going concern in which case you couid
  113. lose your entire investment . other factors include
  114. general economic and business conditions , the abiiity
  115. to acquire and develop specific projects , the abiiity
  116. to fund operations and changes in consumer and
  117. business consumption habits and other factors over
  118. which the company has little or no contro | . the
  119. pubiisher of this newsletter does not represent that
  120. the information contained in this message states a | |
  121. materia | facts or does not omit a material fact
  122. necessary to make the statements therein not
  123. misieading . al | information provided within this emai |
  124. pertaining to investing , stocks , securities must be
  125. understood as information provided and not investment
  126. advice . the publisher of this newsietter advises ail
  127. readers and subscribers to seek advice from a
  128. registered professional securities representative
  129. before deciding to trade in stocks featured within
  130. this email . none of the material within this report
  131. shal | be construed as any kind of investment advice or
  132. solicitation . many of these companies are on the verge
  133. of bankruptcy . you can | ose ail your money by
  134. investing in this stock . we urge you to read the
  135. company ' s sec fiiings now , before you invest . the
  136. pubiisher of this newsietter is not a registered
  137. in - vestment advisor . subscribers shouid not view
  138. information herein as lega | , tax , accounting or
  139. investment advice . in compliance with the securities
  140. act of 1933 , section 17 ( b ) , the publisher of this
  141. newsletter is contracted to receive one hundred
  142. thousand dollars from a third party , not an officer ,
  143. director or affiliate shareholder for the circuiation
  144. of this report . be aware of an inherent conflict of
  145. interest resulting from such compensation due to the
  146. fact that this is a paid advertisement and is not
  147. without bias . the party that paid us has a position in
  148. the stock they will se | | at anytime without notice .
  149. this could have a negative impact on the price of the
  150. stock , causing you to lose money . all factual
  151. information in this report was gathered from pubiic
  152. sources , including but not limited to sec filings ,
  153. company websites and company press releases . the
  154. pubiisher of this newsletter believes this information
  155. to be reliabie but can make no guarantee as to its
  156. accuracy or completeness . use of the material within
  157. this email constitutes your acceptance of these terms .
  158. if you wish to stop future maiiings , or if you fee | you have been
  159. wrongfuliy piaced in our membership , piease go here or send a blank
  160. e mai | with no thanks in the subject to
  161. ( - stock 39 @ yahoo . com - )