ProTek Capital, Inc. Advances Clean Technology Focus Without APT Group, Inc.
December 11 2013 - 12:17PM
Marketwired
ProTek Capital, Inc. Advances Clean Technology Focus Without APT
Group, Inc.
DALLAS, TX--(Marketwired - Dec 11, 2013) - ProTek Capital, Inc.
(OTC Pink: PRPM) ("ProTek") and APT Group, Inc. have mutually
agreed to discontinue merger activities.
Earlier this year, ProTek Capital began focusing on the Clean
Technology market sector. In August, ProTek entered into a
letter of intent to acquire APT, Group, Inc. In October, the
two companies entered into a merger agreement. Throughout the
course of developing the APT opportunity, ProTek has taken
additional steps to streamline its focus on Clean Technology as
well as developing other Clean Technology opportunities in addition
to APT.
"APT's MotoVox® product line and SmartCarb® patented carburetor
technology are good Clean Technology market opportunities," said
Edward Vakser, CEO of ProTek Capital, Inc. "In the end,
ProTek's corporate platform could not support the necessary
investment to advance APT's business plan in a manner that was
mutually beneficial to ProTek and APT shareholders. The
disengagement is amicable and future opportunities between the two
companies may still come about. In the last six months, ProTek
steps to enhance and focus the Company's corporate organizational
structure and business practices can serve shareholders well as we
move forward with the next opportunities in our business
development pipeline."
About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring
a portfolio of unique and promising, high-growth potential
companies. The portfolio industry focus has changed and evolved
over time and the new acquisitions would represent the next
evolutionary step into the burgeoning market for low cost, high
efficiency "greener" companies, technologies and IP systems.
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: For more information visit: www.protekcapital.com
ProTek Capital, Inc. Ev24903@gmail.com
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