Outstanding Shares: 561,681,045 Shares.
Floating Shares: 292,446,000 Shares.
Insiders Ownership: 48%.
52-Week Range: 0.0002 ~ 0.001.
Shareholders of Record: 1,005.
Full-Time Employees: 35.
Company Status: A Clean Shell Stock. Ready To Reverse-Merger.
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Denver, CO 80209
Eco2 Plastics, Inc. EOPIQ.BB
On November 24, 2009, ECO2 Plastics, Inc. (the "Debtor" or the "Company") filed a voluntary petition for relief in the United States Bankruptcy Court, Northern District of California (the "Bankruptcy Court") under Chapter 11 of Title 11 of the U.S. Bankruptcy Code (the "Code"). The Debtor's negotiated Chapter 11 bankruptcy filing was done with the approval of its senior lenders. The case number of the filing is 09-3702 DM.
FYI: (For YOUR Information)
Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
ECO2 Plastics, formerly ITEC Environmental Group (EOPI.OB), is a publicly traded company engaged in PET plastic recycling. The Company's patented process was developed through a research partnership with Honeywell FM&T and the US Department of Energy. ECO2 Plastics is the exclusive worldwide licensee of the patented and patent-pending technology. Headquartered in San Francisco, California, the Company operates a recycling plant in Riverbank, California and another plant is currently under development in Southern California.
ECO2's approach sets it apart from competitors that deploy water-based recycling processes. Unlike other recyclers, ECO2's process eliminates the use of water, respects and preserves the environment, while delivering a high quality recycled plastic flake with comparably lower operating costs. ECO2 Plastics is the only recycling company that can claim that (i) its plastic recycling technology has a negligible impact on the environment and (ii) is distinguishable from existing technologies when it comes to water waste and chemical contamination.
Eco2 Plastics Inc website:
680 Second Street, Suite 200
San Francisco, CA 94107
5300 Claus Road, P.O. Box 760
Riverbank, CA 95367
Sales Contact: 415-829-5981
Press Contact: 415-829-5984
Rod Rougelot: Chief Executive Officer
Ray Salomon: Chief Financial Officer
Paul Dittmeier: Vice President of Sales and Marketing
Fred Janz: Senior Vice President Operations
Board of Directors:
Tom Hutton: Chairman(June 10, 2008)
John Moragne (June 10, 2008)
David Buzby (June 10, 2008)
ECO2's proprietary process is licensed from Honeywell FM&T ("Honeywell") and the Department of Energy ("DOE") on an exclusive, worldwide basis for the life of the Patent. Over the past five years, ECO2 has invested extensively in the development of the technology and processing equipment comprising the ECO2 Environmental System, which includes being named as co-inventors with Honeywell on the Patent issued to Honeywell in August 2007.
The United States Council for Automotive Research's (USCAR) Vehicle Recycling Partnership (VRP), composed of researchers from DaimlerChrysler, Ford and General Motors, has contracted with ECO2 to evaluate its proprietary PET recycling technology. The VRP is striving to remove substances of concern from plastics recovered from "shredder residue" - the material left when end-of-life vehicles, household appliances and other large items are recycled.
USCAR's VRP Contracts with ECO2 Plastics to Explore 'Rinse and Recycle' Applications
March 31, 2009 10Q
September 30th. 2009 10Q
News Link Click Here: Company Info Click Here: SEC filings Click Here:
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