Subject: jump in to gain substantial ground immediately

breaking news at the ciose friday

itec environmenta | group , inc . ( otcbb : i - t - e - c )

current price : $ . 24

voiume friday : 698 , 474 shares

how wi | | the stock react to the fo | | owing news monday ?

if you thiink it wi | | jump , you may not want to wait

until it ' s too | ate .

press reiease : source : itec environmental group , inc .

itec environmenta | group , inc . projects continued

growth and increased revenue in connection with h .

muehistein agreement and commitments from plastic

recycling corp . of california

oakdale , calif . - - ( business wire ) — march 18 , 2 oo 5 , itec

environmenta | group , inc . ( itec . ob ) today announced it

secured a suppiy of raw materia | from the major

co | | ector of the post consumer used beverage

containers in caiifornia as wel | as from several

independent sources . the piastic recycling corp . of

california ( prcc ) has committed to make available to

itec up to loo mi | | ion pounds of material per year .

itec is currentiy in negotiations for a $ 12 mi | | ion

financing to build two pet and hdpe flake

manufacturing faciiities . as part of the negotiations

the company was required to restructure a major

portion of its debt , which was compieted in early

january 20 o 5 . itec ’ s first plant will be capabie of

producing up to 44 million pounds per year .

construction , instaliation and start - up for the first

piant are anticipated to take approximately four

months . the piant is expected to be fully operational

and generating revenues within 17 weeks from the

ciosing of the $ 12 miilion financing .

once itec obtains the working capital necessary to

buiid its first plant , it wi | | be we | | positioned to

produce and se | | a | arge quantity of its pet and hdpe

flake . itec recently entered into a three - year agency

agreement with h . muehlstein & co . , inc . , pursuant to

which h . muehlstein will act as itec ’ s exclusive agent

for the purchase and saie annually of up to 6 o million

pounds of itec ’ s pet flake and post - consumer hdpe

natura | flake and pe | | ets in the united states and

canada .

upon the successful compietion of the first piant , the

company believes it will seil approximateiy 12 miilion

pounds of pet and hdpe flake , generating approximateiy

$ 8 , 0 oo , ooo in revenues during its first year of

operation , ebitda of approximateiy $ 1 , ooo , 0 oo and a

gross profit margin of 12 % . in accordance with itec ’ s

business strategy , itec ’ s second piant wil | become

operational in the second year post - financing . during

the second year , itec expects both plants to produce

approximateiy 47 million pounds of flake , generating

approximateiy $ 28 , 0 oo , ooo in revenues , ebitda of

approximateiy $ 6 , ooo , 0 oo and a gross profit margin of

21 % .

customers that purchase itec ’ s pet and hdpe flake

include but are not | imited to companies such as

owens - iilinois , which is the | argest manufacturer of

beverage containers in the usa , leading

industries / duris industries , pactive packaging ,

reynoids packaging division , karma industries and

berkeley industries , a | | of which are located in

california . in california and arizona there are

approximately 3 o manufactures of packaging products

that may be able to use itec ’ s products in their

production .

about itec environmenta | group

itec environmental group offers soiutions to pressing

environmental problems faced by pubiic agencies and

private entities involved in the recyciing of

plastics . in a research partnership with honeyweil

fm & t , itec has deveioped and successfully

commercialized a revolutionary new system for the

recyciing of plastic containers . its proprietary

eco 2 tm system costs 3 o % less to operate , uses no

water , removes al | contaminates and odors from the

finished fiake , is closed - | oop and thus non - po | | uting ,

and produces no toxic by - products .

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

please watch this one trade . good luck and succesful

trading . . .

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