ETEK Eco Tek Group Inc (PK)

Eco-Tek Worldwide Announces the Establishment of Eco-Tek EU

TORONTO, ONTARIO--(Marketwired - May 23, 2014) - Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce the establishment of Eco-Tek EU. "Mr. Slawek Jasinski has been appointed as Vice President, European Operations for Eco-Tek Group Inc. and will head up Eco-Tek EU" stated Mr. Stephen Tunks, CEO, "Mr Jasinski brings a wealth of experience to the Eco-Tek team and we are very proud to have him on board". Mr. Jasinski's prime responsibilities are to lead the Company through the processes required for certification in the European marketplace, which will involve partnering with various European Universities and Government Agencies and to set up our distribution in Europe.

Eco-Tek expects the European operation to provide a significant increase in our business prospects for this year, allowing the Company to reach the upper end of our revenue targets for 2014. We will see a demo order shortly that will provide the ground work for significant shipments to Europe.

Our Auditors have received the full accounting package with regards to the 10K filing and are proceeding with the Audit at a very aggressive pace. After the weekend they will provide an update on the status of the filing. The Company is providing every assistance that we can to get the filing done.

About Eco-Tek Group Inc.:

Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing innovative and cost effective "green" lubrication products for the transportation, industrial and marine industries and development by their experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption while enhancing quality and performance.

Eco-Tek Group Inc. has marketed the company's products in Ontario for the past number of years and has established a solid base of highly satisfied customers. Recently Eco-Tek has established distributors in South America, and Europe and is now expanding its operations across North America and around the world.

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.F.

Eco-Tek Group Inc.Stephen TunksPresident1-888-970-3265 TOLL-FREEInfo@ecotekworldwide.comwww.ecotekworldwide.com