Eco-Tek Worldwide Announces Master Distributor Agreement in Canada
July 19 2013 - 8:00AM
Marketwired
Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce that it has
signed a Master Distributor Agreement with a large Canadian sales
group who have incorporated "Ark Auto Supply Inc." specifically to
handle Eco-Tek products. "We are very happy to have this group on
board." said Stephen Tunks, CEO of Eco-Tek, "They will assist us
greatly in spreading the Eco-Tek story, concentrating outside of
Ontario, but also with key clients in Toronto".
Ark Auto Supply Inc. placed a trial order in June. The initial
July order will be for $50,000 and the Master Distributor has
committed to a minimum of $500,000 in sales by December 31,
2013.
About Eco-Tek Group Inc.:
Eco-Tek Group Inc. is a Toronto, Ontario based company founded
in 2009 specializing in the development and marketing of innovative
and cost effective green lubrication and filtration products. The
Company's products are sold to both the end user/consumer in retail
outlets, and direct to businesses for fleet applications. Eco-Tek
products have a wide range of applications in the transportation,
marine, and industrial sectors. These products are the result of
ongoing research and development by experienced chemists and
engineers with extensive knowledge in the science of lubrication
and related studies, Eco-Tek Group Inc. is dedicated to the design
and formulation of cutting edge products with the goal of reducing
fossil fuel consumption while improving both quality and
performance. The Company has sold its products primarily in the
Ontario marker for the past three years establishing a base of
highly satisfied core customers. Eco-Tek is now ready to expand its
operations by selling throughout North America and
internationally.
Submitted on behalf of its board
Safe Harbor:
This press release may contain forward-looking statements with
respect to business conducted by Eco-Tek Group Inc. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the future. Such forward-looking
statements include those that express plan, anticipation, intent,
contingency, goals, targets, or future developments and/or
otherwise are not statements of historical fact. The words
"potentially", "anticipate", "could", "calls for", and similar
expressions also identify forward-looking statements. The Company
does not undertake to update any forward-looking statements.
Factors that could affect actual results include, without
limitation, risks associated with: the Company's ability to
successfully obtain patents for its technology and the adequacy of
such patents; the introduction of competitive technology; the
Company's ability to develop, manufacture, license, or sell its
products or product candidates; the Company's ability to enter into
and successfully execute any license and collaborative agreements;
the adequacy of the Company's capital resources and cash flow
projections, the Company's ability to obtain sufficient financing
to maintain the Company's planned operations, or the risk of
bankruptcy; other risks that may be described under Certain Risks
and Uncertainties Related to the Company's Business, as contained
in the forthcoming Company's Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q.
Contacts: Eco-Tek Group Inc. Stephen Tunks President
1-888-970-3265 TOLL FREEInfo@ecotekworldwide.com
www.ecotekworldwide.com
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