posted
Friends, I have this one in my Portfolio and I think this company will be very successful in the long run JIMO
Press Release Source: Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Presents to the Investing Community at Undervalued Equities Conference Friday January 28, 6:00 am ET
OAKDALE, Calif.--(BUSINESS WIRE)--Jan. 28, 2005--Itec Environmental Group, Inc. (OTCBB:ITEC - News) announced today that it will be presenting at the Four Seasons Aviara in North County San Diego to the investing community of the surrounding region. This will be an opportunity for executive management to win the confidence of investors as they display their knowledge, experience and skills along with a solid business model that will lead their corporate operations to future triumph. Representatives will have the opportunity to both formally present and casually mingle in San Diego's finest resort. Gary De Laurentiis, Itec's Chief Executive Officer will be speaking on behalf of the company concerning the various future growth prospects that differentiate Itec in the market place. About the Company
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.
Please visit our web site at http://www.iteceg.com. Any interested parties wishing to be included in Itec Environmental Group's mailing list, please email your request to info@iteceg.com.
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders, creditors and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
-------------------------------------------------------------------------------- Contact: Itec Environmental Group, Inc. Gary M. De Laurentiis, 209-848-3900
-------------------------------------------------------------------------------- Source: Itec Environmental Group, Inc.
Posts: 929 | From: usa | Registered: Jan 2005
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Press Release Source: Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Enters Into Agency Agreement with H. Muehlstein & Co., Inc., for Sales of Itec's PET and HDPE Friday March 4, 9:00 am ET
OAKDALE, Calif., March 4, 2005 (PRIMEZONE) -- Itec Environmental Group, Inc. (OTC BB:ITEC.OB - News) today announced that it has entered into a three-year agreement with H. Muehlstein & Co., Inc., pursuant to which 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. The current projected plant capacity for Itec's PET and HDPE flake is approximately 44 million pounds. ADVERTISEMENT
``I am very pleased that we were able to enter into this agreement with H. Muehlstein & Co.,'' stated Gary De Laurentiis, President of Itec. ``I've worked with H. Muehlstein & Co. for over 12 years and know the value they bring to their clients and the excellent and impeccable reputation they have within the industry. H. Muehlstein & Co. will be our sales force representing Itec's products within the U.S. and Canada, allowing Itec to focus on the expansion of its business,'' added Mr. De Laurentiis.
The Muehlstein group of companies, founded in 1911, has annual sales in excess of $1 billion per year and is the world's largest polymer distributor, marketing 2.7 billion pounds of plastic and rubber products to over 6,400 manufacturers in 76 countries. Muehlstein represents world-class polymer producers such as Dow, ExxonMobil and BP.
``Muehlstein, as a global leader in the marketing and sales of recycled plastic materials, is very excited about this opportunity to partner with Itec in this new venture. The Itec recycling process is indeed unique, and will offer Muehlstein a quality product to bring to a market that has an ever growing need for these post consumer polymers,'' said John Lavery, Business Manager of Recycled Products for H. Muehlstein & Co.
About Itec Environmental Group
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.
Please visit our web site at http://www.iteceg.com. Any interested parties wishing to be included in Itec Environmental Group's mailing list, please email your request to info@iteceg.com or Contact: Gary M. De Laurentiis 209-848-3900.
This press release may contain ``forward-looking statements.'' In some cases, you can identify forward-looking statements by terminology such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,'' ``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``potential'' or ``continue'' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders, creditors and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
Contact: Itec Environmental Group, Inc. Gary M. De Laurentiis (209) 848-3900 info@iteceg.com
-------------------------------------------------------------------------------- Source: Itec Environmental Group, Inc.
Posts: 929 | From: usa | Registered: Jan 2005
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posted
Friends, here is more on ITEC. They maybe on the way to get $12 million to finance the 2 new facilities. It is very interesting to look at their Website and see how this all works. No Water is used in this process - no toxic waste etc. Oil is recovered and reused. IMO , this company got to have a bright future.
Press Release Source: Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Projects Continued Growth and Increased Revenue in Connection with H. Muehlstein Agreement and Commitments from Plastic Recycling Corp. of California Friday March 18, 6:06 pm ET
OAKDALE, Calif., March 18, 2005 (PRIMEZONE) -- Itec Environmental Group, Inc. (OTC BB:ITEC.OB - News) today announced it secured a supply of raw material from the major collector of the post consumer used beverage containers in California as well as from several independent sources. The Plastic Recycling Corp. of California (PRCC) has committed to make available to Itec up to 100 million pounds of material per year. ADVERTISEMENT
Itec is currently in negotiations for a $12 million financing to build two PET and HDPE flake manufacturing facilities. As part of the negotiations the company was required to restructure a major portion of its debt which was completed in early January 2005. Itec's first plant will be capable of producing up to 44 million pounds per year. Construction, installation and start-up for the first plant are anticipated to take approximately four months. The plant is expected to be fully operational and generating revenues within 17 weeks from the closing of the $12 million financing.
Once Itec obtains the working capital necessary to build its first plant, it will be well positioned to produce and sell a large 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 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.
Upon the successful completion of the first plant, the Company believes it will sell approximately 12 million pounds of PET and HDPE flake, generating approximately $8,000,000 in revenues during its first year of operation, EBITDA of approximately $1,000,000 and a gross profit margin of 12%. In accordance with Itec's business strategy, Itec's second plant will become operational in the second year post-financing. During the second year, Itec expects both plants to produce approximately 47 million pounds of flake, generating approximately $28,000,000 in revenues, EBITDA of approximately $6,000,000 and a gross profit margin of 21%.
Customers that purchase Itec's PET and HDPE flake include but are not limited to companies such as Owens-Illinois, which is the largest manufacturer of beverage containers in the USA; leading industries/Duris Industries, Pactive Packaging, Reynolds Packaging Division, Karma Industries and Berkeley Industries, all of which are located in California. In California and Arizona there are approximately 30 manufacturers of packaging products that may be able to use Itec's products in their production.
About Itec Environmental Group
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.
Please visit our web site at http://www.iteceg.com. Any interested parties wishing to be included in Itec Environmental Group's mailing list, please email your request to info@iteceg.com or Contact: Gary M. De Laurentiis 209-881-3523.
This press release may contain ``forward-looking statements.'' In some cases, you can identify forward-looking statements by terminology such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,'' ``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``potential'' or ``continue'' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders, creditors and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
Contact: Itec Environmental Group Gary M. De Laurentiis (209) 881-3523 Email: info@iteceg.com
-------------------------------------------------------------------------------- Source: Itec Environmental Group, Inc.
Posts: 929 | From: usa | Registered: Jan 2005
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