GDTK New .065 GDT TEK INC
Symbol U : GDTK
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GDT Tek, Inc. subsidiary DHS 2 LLC members are Eligible for $1,500,000 in Federal Tax Credits

2012-06-21 08:30 ET - News Release

Reduces the Number of GDT Tek, Inc. Common Stock Issued

LARGO, Fla., June 21, 2012 /PRNewswire/ -- GDT Tek, Inc. (OTC: GDTK) announced today that its subsidiary DHS 2 LLC had acquired two Blocks of Common Stock totaling 500,000 shares. DHS 2 LLC will return these shares to GDT Tek, Inc. for cancellation thereby reducing the number of Common Stock issued and outstanding. These transactions were filed several weeks ago in two separate 8Ks. The shares were exchanged for 50 DHS 2 LLC membership interests which is equivalent to $250,000.

The Members of DHS 2 LLC will be eligible for Federal tax credits and possibly State tax credits depending where the Member resides. The current Federal tax credits are approximately 30% of the amount invested plus the investor will receive its principal investment and profit earned over the 5 year term of the investment.

The Reg. D offering which was filed a few days ago for a $5,000,000 capital raise which will allow the DHS 2 LLC to deploy 8 additional Phoenix units which generate electricity from low grade heat.