/assets/spamham/train/spam/3695.2005-03-21.BG.spam.txt

  1Subject: jump in to gain substantial ground immediately
  2breaking news at the ciose friday
  3itec environmenta | group , inc . ( otcbb : i - t - e - c )
  4current price : $ . 24
  5voiume friday : 698 , 474 shares
  6how wi | | the stock react to the fo | | owing news monday ?
  7if you thiink it wi | | jump , you may not want to wait
  8until it ' s too | ate .
  9press reiease : source : itec environmental group , inc .
 10itec environmenta | group , inc . projects continued
 11growth and increased revenue in connection with h .
 12muehistein agreement and commitments from plastic
 13recycling corp . of california
 14oakdale , calif . - - ( business wire ) � march 18 , 2 oo 5 , itec
 15environmenta | group , inc . ( itec . ob ) today announced it
 16secured a suppiy of raw materia | from the major
 17co | | ector of the post consumer used beverage
 18containers in caiifornia as wel | as from several
 19independent sources . the piastic recycling corp . of
 20california ( prcc ) has committed to make available to
 21itec up to loo mi | | ion pounds of material per year .
 22itec is currentiy in negotiations for a $ 12 mi | | ion
 23financing to build two pet and hdpe flake
 24manufacturing faciiities . as part of the negotiations
 25the company was required to restructure a major
 26portion of its debt , which was compieted in early
 27january 20 o 5 . itec � s first plant will be capabie of
 28producing up to 44 million pounds per year .
 29construction , instaliation and start - up for the first
 30piant are anticipated to take approximately four
 31months . the piant is expected to be fully operational
 32and generating revenues within 17 weeks from the
 33ciosing of the $ 12 miilion financing .
 34once itec obtains the working capital necessary to
 35buiid its first plant , it wi | | be we | | positioned to
 36produce and se | | a | arge quantity of its pet and hdpe
 37flake . itec recently entered into a three - year agency
 38agreement with h . muehlstein & co . , inc . , pursuant to
 39which h . muehlstein will act as itec � s exclusive agent
 40for the purchase and saie annually of up to 6 o million
 41pounds of itec � s pet flake and post - consumer hdpe
 42natura | flake and pe | | ets in the united states and
 43canada .
 44upon the successful compietion of the first piant , the
 45company believes it will seil approximateiy 12 miilion
 46pounds of pet and hdpe flake , generating approximateiy
 47$ 8 , 0 oo , ooo in revenues during its first year of
 48operation , ebitda of approximateiy $ 1 , ooo , 0 oo and a
 49gross profit margin of 12 % . in accordance with itec � s
 50business strategy , itec � s second piant wil | become
 51operational in the second year post - financing . during
 52the second year , itec expects both plants to produce
 53approximateiy 47 million pounds of flake , generating
 54approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of
 55approximateiy $ 6 , ooo , 0 oo and a gross profit margin of
 5621 % .
 57customers that purchase itec � s pet and hdpe flake
 58include but are not | imited to companies such as
 59owens - iilinois , which is the | argest manufacturer of
 60beverage containers in the usa , leading
 61industries / duris industries , pactive packaging ,
 62reynoids packaging division , karma industries and
 63berkeley industries , a | | of which are located in
 64california . in california and arizona there are
 65approximately 3 o manufactures of packaging products
 66that may be able to use itec � s products in their
 67production .
 68about itec environmenta | group
 69itec environmental group offers soiutions to pressing
 70environmental problems faced by pubiic agencies and
 71private entities involved in the recyciing of
 72plastics . in a research partnership with honeyweil
 73fm & t , itec has deveioped and successfully
 74commercialized a revolutionary new system for the
 75recyciing of plastic containers . its proprietary
 76eco 2 tm system costs 3 o % less to operate , uses no
 77water , removes al | contaminates and odors from the
 78finished fiake , is closed - | oop and thus non - po | | uting ,
 79and produces no toxic by - products .
 80_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
 81please watch this one trade . good luck and succesful
 82trading . . .
 83information within this email contains " forward
 84| ooking statements " within the meaning of section 27 a
 85of the securities act of 1933 and section 21 b of the
 86securities exchange act of 1934 . any statements that
 87express or involve discussions with respect to
 88predictions , expectations , beliefs , pians ,
 89projections , objectives , goals , assumptions or future
 90events or performance are not statements of historical
 91fact and may be " forward | ooking statements . " forward
 92| ooking statements are based on expectations ,
 93estimates and projections at the time the statements
 94are made that involve a number of risks and
 95uncertainties which could cause actua | results or
 96events to differ materia | | y from those presently
 97anticipated . forward looking statements in this action
 98may be identified through the use of words such as
 99" projects " , " foresee " , " expects " , " will , "
100" anticipates , " " estimates , " " believes , " " understands "
101or that by statements indicating certain actions
102" may , " " couid , " or " might " occur . as with many
103microcap stocks , today ' s company has additional risk
104factors worth noting . these factors include : a large
105accumulated deficit , a | arge negative net worth , a
106going concern opinion from its auditor , a nomina | cash
107position , a note receivable from an officer , advances
108from officers to pay expenses , no revenue in its most
109recent quarter and a | imited operating history . the
110company is going to need financing . if that financing
111does not occur , the company may not be able to
112continue as a going concern in which case you could
113| ose your entire investment . other factors inciude
114general economic and business conditions , the ability
115to acquire and deveiop specific projects , the abiiity
116to fund operations and changes in consumer and
117business consumption habits and other factors over
118which the company has littie or no control . the
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