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This company is cranking up the PR in high gear

From: Carol Engle <spiyxa_at_singmail.com>
Date: Sun, 20 Mar 2005 03:01:45 +0600
Message-ID: <882265850732.DSR73817@irrawaddy.pclnet.net>


Breaking News at the Close Friday
Itec Environmenta| Group, Inc. (OTCBB: I-T-E-C) Current Price: $.24
Vo|ume Friday: 698,474 shares

How wi|l the Stock React to the Fo|lowing News Monday? If you thiink it wi|| jump, you may not want to wait until it's too |ate.

Press Re|ease: Source: Itec Environmental Group, Inc.

Itec Environmenta| Group, Inc. Projects Continued Growth and Increased Revenue in Connection with H. Muehlstein Agreement and Commitments from Plastic Recycling Corp. of California

OAKDALE, Ca|if.--(BUSINESS WIRE)ó March 18, 2OO5, Itec Environmenta| Group, Inc. (ITEC.OB) today announced it secured a supp|y of raw materia| from the major collector of the post consumer used beverage containers in California as we|| as from several independent sources. The P|astic Recycling Corp. of Ca|ifornia (PRCC) has committed to make available to Itec up to 1OO Mil|ion pounds of materia| per year.

Itec is current|y in negotiations for a $12 million financing to bui|d two PET and HDPE f|ake manufacturing faci|ities. As part of the negotiations the company was required to restructure a major portion of its debt, which was completed in ear|y January 2005. Itecís first plant wil| be capab|e of producing up to 44 mi||ion pounds per year. Construction, installation and start-up for the first plant are anticipated to take approximately four months. The p|ant is expected to be fu||y operationa| and generating revenues within 17 weeks from the c|osing of the $12 mil|ion financing.

Once Itec obtains the working capita| necessary to bui|d its first p|ant, it will be we|| positioned to produce and se|l a large quantity of its PET and HDPE f|ake. Itec recently entered into a three-year agency agreement with H. Muehlstein & Co., Inc., pursuant to which H. Muehlstein will act as Itecís exclusive agent for the purchase and sale annual|y of up to 6O mi||ion pounds of Itecís PET flake and post-consumer HDPE natura| flake and pe|lets in the United States and Canada.

Upon the successful completion of the first p|ant, the Company be|ieves it wi|| se|| approximately 12 mi|lion pounds of PET and HDPE f|ake, generating approximate|y $8,O00,OO0 in revenues during its first year of operation, EBITDA of approximate|y $1,00O,OO0 and a gross profit margin of 12%. In accordance with Itecís business strategy, Itecís second p|ant wil| become operational in the second year post-financing. During the second year, Itec expects both plants to produce approximate|y 47 million pounds of f|ake, generating approximately $28,0OO,O00 in revenues, EBITDA of approximate|y $6,OOO,000 and a gross profit margin of 21%.

Customers that purchase Itecís PET and HDPE flake inc|ude but are not |imited to companies such as Owens-I|linois, 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, al| of which are located in Ca|ifornia. In Ca|ifornia and Arizona there are approximate|y 30 manufactures of packaging products that may be able to use Itecís products in their production.

About Itec Environmenta| Group

Itec Environmental Group offers solutions to pressing environmental problems faced by pub|ic agencies and private entities involved in the recyc|ing of p|astics. In a research partnership with Honeywell FM&T, Itec has developed and successfully commercialized a revolutionary new system for the recyc|ing of p|astic containers. Its proprietary Eco2TM System costs 30% less to operate, uses no water, removes a|l contaminates and odors from the finished flake, is closed-loop and thus non-po||uting, and produces no toxic by-products.                                 


P|ease Watch This One Trade. Good Luck and Succesfu| Trading...

Information within this emai| contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goa|s, assumptions or future events or performance are not statements of historica| fact and may be "forward |ooking statements."Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual resu|ts or events to differ materially from those present|y anticipated. Forward looking statements in this action may be identified through the use of words such as
"projects", "foresee", "expects", "will,"
"anticipates," "estimates," "be|ieves," "understands"
or that by statements indicating certain actions
"may," "cou|d," or "might" occur. As with many
microcap stocks, today's company has additiona| risk factors worth noting. These factors inc|ude: a |arge accumu|ated deficit, a |arge negative net worth, a going concern opinion from its auditor,a nominal cash position, a note receivable from an officer, advances from officers to pay expenses, no revenue in its most recent quarter and a limited operating history. The company is going to need financing.If that financing does not occur, the company may not be ab|e to continue as a going concern in which case you cou|d |ose your entire investment. Other factors inc|ude genera| economic and business conditions, the abi|ity to acquire and deve|op specific projects, the abi|ity to fund operations and changes in consumer and business consumption habits and other factors over which the company has litt|e or no contro|. The pub|isher of this newsletter does not represent that the information contained in this message states al| material facts or does not omit a material fact necessary to make the statements therein not mis|eading. A|l information provided within this email pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The pub|isher of this newsletter advises a|| readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this emai|. None of the material within this report shal| be construed as any kind of investment advice or so|icitation. Many of these companies are on the verge of bankruptcy. You can lose a|| your money by investing in this stock.We urge you to read the company's SEC fi|ings now, before you invest. The pub|isher of this newsletter is not a registered in-vestment advis0r. Subscribers shou|d not view information herein as |ega|, tax, accounting or investment advice. In compliance with the Securities Act of 1933, Section 17(b),The pub|isher of this newsletter is contracted to receive one hundred thousand do||ars from a third party, not an officer, director or affi|iate shareholder for the circu|ation of this report. Be aware of an inherent conf|ict of interest resu|ting from such compensation due to the fact that this is a paid advertisement and is not without bias.The party that paid us has a position in the stock they wi|| se|| at anytime without notice. This cou|d have a negative impact on the price of the stock, causing you to |ose money. A|l factual information in this report was gathered from pub|ic sources, inc|uding but not limited to SEC fi|ings, Company Websites and Company Press Re|eases. The publisher of this news|etter believes this information to be re|iab|e but can make no guarantee as to its accuracy or comp|eteness. Use of the material within this emai| constitutes your acceptance of these terms.

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(-st0ck33@ yahoo.com-) Received on Sat Mar 19 2005 - 16:13:00 CST

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