AMERITEK VENTURES Enters Into Agreement to Acquire Proprietary Optical Fiber Preform Manufacturing Technologies
August 30 2017 - 10:42AM
InvestorsHub NewsWire
August 30, 2017 10:36 ET
LAS VEGAS, NV--(NewMediaWire - Aug 30, 2017) - AMERITEK
VENTURES (the "Company") (OTC PINK: ATVK) is pleased to
announce that it has entered into an Asset Purchase Agreement with
its Chairman and CEO, Clinton L. Stokes. The Agreement will
provide the Company with Intellectual Property that will expedite
its corporate manufacturing initiatives by streamlining the
sophisticated design work required to fabricate its new optical
fiber preform manufacturing equipment. This equipment will be
integrated into a production line that will create 5 million
kilometers per year of optical fiber preforms. Ultimately the
Company has a goal of producing 20 million kilometers per year of
optical fiber preforms at its Roanoke, Virginia facility.
ABOUT AMERITEK VENTURES
AMERITEK VENTURES (OTC PINK: ATVK) is a manufacturer of
proprietary machinery that is used to produce optical fiber
preforms. These preforms are then used to produce commercial grade
optical fiber. Once produced, this optical fiber is fabricated into
fiber optic cable which serves as the backbone of the multi-billion
dollar telecommunication industry.
The market demand for preforms and optical fiber has experienced
rapid growth in the wireless, cable television, Internet and
high-speed data transmission industries. The Company's equipment,
processes and managed system deployments will provide the market
with the highest quality preforms used to manufacture fiber optic
cable and will support significant growth worldwide.
Included in this release are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Although the company believes that the expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations reflected in such
forward-looking statements will prove to have been correct. The
company's actual results could differ materially from those
anticipated in the forward-looking statements.
CONTACT INFORMATION
Investor Contact
AMERITEK VENTURES
info@ameritekventures.com
Ameritek Ventures (PK) (USOTC:ATVK)
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