Eco-Tek Worldwide Announces Exclusive Agreement wi
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Eco-Tek Worldwide Announces Exclusive Agreement with Distributor for Ukraine
WOODBRIDGE, ONTARIO--(Marketwired - Oct 22, 2013) - Eco-Tek Group Inc. ( ETEK ) is pleased to announce the appointment of Global Vu as our exclusive distributor in the Ukraine and Belarus. "Global Vu has been in discussions with Eco-Tek for some time and have conducted their own tests on our lubricant products at the University of Kiev" said Stephen Tunks, CEO of Eco-Tek Group Inc., "Several of their tests have been videoed and will shortly be available on our Website".
The agreement requires Global Vu to purchase a minimum of $50,000.00 of Eco-Tek lubricant products and bypass systems during each 12 month period of the five year agreement. "Eco-Tek is very pleased with our new relationship with Global Vu" stated Mr. Tunks, "Our International Training Team is being scheduled to install the first ByPass Systems during November. We expect Global Vu to be very successful in their marketplace."
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing of innovative and cost effective green lubrication products for the transportation, industrial and marine industries and the development of bypass filter products for these markets. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption without sacrificing quality or performance and at the same time reducing overall costs for our customers.
Eco-Tek Group Inc. has marketed the company's products in Ontario for the past three years and has established a solid base of highly satisfied customers. Eco-Tek is now expanding its operations in the global marketplace, partnering with like-minded distributors in South America and Europe while expanding across North America.
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.
Contact: Eco-Tek Group Inc.
Stephen Tunks
President
1-888-970-3265 TOLL-FREE
Info@ecotekworldwide.com
www.ecotekworldwide.com