ProTek Capital Inc. Announces New Shareholders Update
February 03 2014 - 8:58AM
Marketwired
ProTek Capital Inc. Announces New Shareholders Update
DALLAS, TX--(Marketwired - Feb 3, 2014) - ProTek Capital, Inc.
(OTC Pink: PRPM) today announced the Company's recent shareholders'
updates.
PROTEK CAPITAL ANNOUNCES NAME CHANGE AND ENTERANCE INTO THE
MEDICAL MARJIUANA (MMJ) / LEGAL MARJIUANA SECTOR
Protek Capital is excited to announce its entrance into the
mmj/legal recreational cannabis sector. Protek will be changing our
name to Luxuriant Holdings and rolling out our new business model
Luxuriant MMJ Fund immediately. We believe that this is and will be
the hottest sector of the market with constant growth over the next
decade.
The Luxuriant MMJ Fund will offer crucial funding opportunities
to all facets of the MMJ industry from startups to current
operations. Production, security, retail, r&d, etc. the
possibilities are limitless in this budding sector. One of the
largest hurdles to these entrepreneurs is the lack of traditional
finance / banking due to current legal issues on the federal level.
We intend to fill this gap immediately.
We will commence executing our plan to "partner" with up to 100
units in the first year alone with conservative revenue projections
of upwards of $200,000,000 annually immediately.
The first step in executing our plan will be the implementation
of a 1:10 reverse split to bring our common outstanding structure
to 600,000,000 shares. Which is a manageable level for growth and
acquisitions without harming the current shareholder base.
We have targeted our first partner and expect to close our first
transaction within the next 30 days upon completion of due
diligence.
Luther Jeffries
About Luther Jeffries CEO Protek.
The company has appointed Luther R. Jeffries to serve as CEO
effective immediately. Mr. Jeffries brings over 20yrs experience of
upper level management in such companies as Starter, 1-800-pro-team,
Midland Foods, Aldi USA, Champion/Sara lee and also owned a multi
unit chain of jewelry stores. His immediate focus will be
restructuring all aspects of the company in an investor friendly
manner and target new acquisitions already generating profits to
add shareholder value.
About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring
a portfolio of unique and promising, high-growth potential
companies.
Forward-Looking Statements: The information posted in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by use of the words "may," "will,"
"should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, delays
in completing various engineering and manufacturing programs,
changes in customer order patterns, changes in product mix,
continued success in technological advances and delivering
technological innovations, shortages in components, production
delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
Contact: Luther Jeffries lutherjeffries@gmail.com
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