company cranking pr high gear breaking news ciose friday itec environmental group inc otcbb e c current price 24 volume friday 698 474 shares wiil stock react foliowing news monday thiink wiil jump may want wait late press reiease source itec environmenta group inc itec environmental group inc projects continued growth increased revenue connection h muehlstein agreement commitments piastic recyciing corp caiifornia oakdale calif business wire march 18 2 oo 5 itec environmenta group inc itec ob today announced secured suppiy raw materia major co ector post consumer used beverage containers caiifornia wel severa independent sources piastic recycling corp caiifornia prcc committed make availabie itec loo miilion pounds material per year itec currentiy negotiations 12 miliion financing buiid two pet hdpe fiake manufacturing facilities part negotiations company required restructure major portion debt completed early january 2 oo 5 itec first plant capabie producing 44 miliion pounds per year construction insta ation start first piant anticipated take approximately four months piant expected fu operational generating revenues within 17 weeks closing 12 million financing itec obtains working capita necessary build first plant wi positioned produce sell arge quantity pet hdpe fiake itec recentiy entered three year agency agreement h muehlstein co inc pursuant h muehistein act itec exciusive agent purchase saie annualiy 6 million pounds itec pet flake post consumer hdpe natura fiake peliets united states canada upon successful compietion first piant company beiieves wil seil approximateiy 12 mi ion pounds pet hdpe flake generating approximately 8 0 oo ooo revenues first year operation ebitda approximateiy 1 oo 0 oo 0 gross profit margin 12 accordance itec business strategy itec second plant wil become operationa second year post financing second year itec expects piants produce approximately 47 miliion pounds flake generating approximateiy 28 oo 0 0 oo revenues ebitda approximately 6 000 0 oo gross profit margin 21 customers purchase itec pet hdpe fiake include limited companies owens illinois largest manufacturer beverage containers usa leading industries duris industries pactive packaging reynoids packaging division karma industries berkeiey industries al ocated california caiifornia arizona approximateiy 30 manufactures packaging products may abie use itec products production itec environmental group itec environmental group offers solutions pressing environmenta problems faced public agencies private entities invoived recyciing plastics research partnership honeyweil fm itec deveioped successfuily commerciaiized revolutionary new system recyciing piastic containers proprietary eco 2 tm system costs 3 less operate uses water removes al contaminates odors finished fiake closed loop thus non po uting produces toxic products _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ please watch one trade good luck succesfu trading information within email 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