[Accessibility] Symbol: ITEC News Alert After the Close
Curt Ewing
jyghrbqdv at mcrmail.com
Mon Mar 14 16:39:05 PST 2005
Itec Environmental Group, Inc. (OTCBB: ITEC)
Research Partnership With Honeywell FM&T, Itec Has Developed and
Successfully Commercialized a Revolutionary New System for the Recycling of
Plastic Containers. (Source: News 3/4/05)
Current Price: .23
Reasons To Consider ITEC: (Source: Recent Press Releases)
1)Itec Environmental Group, Inc. Enters Into Agency Agreement with H.
Muehlstein & Co., Inc., for Sales of Itec's PET and HDPE- H. Muehlstein will
act as Itec's exclusive agent for the purchase and sale annually of up to 60
million pounds of Itec's PET flake and post-consumer HDPE natural flake and
pellets in the United States and Canada.
2)Itec Environmental Group, Inc. Announces Intention to Raise Capital to
Build Two Facilities for the Production of PET and HDPE Flake- The company
is seeking to raise $10,000,000 to expand its operations through the
creation of two new facilities in California. The plants will be used by
Itec to remove all contaminants, dirt, labels and odors from all major types
of recyclable plastics using its demonstrated Eco2(tm) System, which system
produces the highest value clean, marketable plastic flakes used as raw
materials to create new plastic products.
3)Itec Environmental Group, Inc. Announces Successful Recapitalization- Gary
De Laurentiis, Itec's Chief Executive Officer, said, "We believe the
recapitalization will create greater interest among professional investors
and institutions and are optimistic Itec could secure up to $5 million in
financing during Q1 of 2005."
About ITEC (Source: News March 4, 2005)
Itec Environmental Group offers solutions to pressing environmental problems
faced by public agencies and private entities involved in the recycling of
plastics. In a research partnership with Honeywell FM&T, Itec has developed
and successfully commercialized a revolutionary new system for the recycling
of plastic containers. Its proprietary Eco2(tm) System costs 30% less to
operate, uses no water, removes all contaminates and odors from the finished
flake, is closed-loop and thus non-polluting, and produces no toxic
by-products.
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Conclusion
While past performance is never indicative of future results, price and
volume have dramatically picked up in March. Will this trend continue? if
you think so, you may not want to wait until it is too late.
And, as Always, Please Watch this One Trade.
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