PRPM ProTek Capital, Inc. Targets Four Existing Su
Post# of 94265
Posted On: 11/08/2013 6:12:24 AM
PRPM ProTek Capital, Inc. Targets Four Existing Subsidiary Operations for Spinoff & Corresponding Dividend of Subsidiary Stock to ...
ProTek Capital, Inc. Targets Four Existing Subsidiary Operations for Spinoff and Corresponding Dividend of Subsidiary Stock to ProTek Shareholders
DALLAS, TX--(Marketwired - Nov 7, 2013) - ProTek Capital, Inc. (OTC Pink: PRPM) today announced a plans to finalize subsidiary spinoff plans next week. ProTek senior management and subsidiary management will meet next week to construct comprehensive spinoff plan to include a schedule of spinoffs and corresponding dividends.
ProTek has recently refocused on the Clean Technology market sector. Several announcements regarding specific steps toward the Clean Technology sector have recently been released. In conjunction with the new focus, management plans to spinoff ProTek's existing subsidiaries. The spinoff plan includes independently listing each subsidiary on the OTC Markets trading platform and issuing stock in each subsidiary to the shareholders of ProTek through a property dividend. Four subsidiaries have been selected for a planned spinoff. The meeting next week has been scheduled to detail the subsidiary spinout and dividend plan.
As details on the planned spinoff's and property dividends are worked out, ProTek will continue to regularly issue shareholder updates regarding developments surrounding the pursuit of the Clean Technology market and the anticipated spinoff of existing subsidiary operations.
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 MotoVox® acquisition would represent the next evolutionary step into the burgeoning market for low cost, high efficiency "greener" power-train 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:
Eddie Vakser
EV24903@GMAIL.com
214 418 6940
ProTek Capital, Inc. Targets Four Existing Subsidiary Operations for Spinoff and Corresponding Dividend of Subsidiary Stock to ProTek Shareholders
DALLAS, TX--(Marketwired - Nov 7, 2013) - ProTek Capital, Inc. (OTC Pink: PRPM) today announced a plans to finalize subsidiary spinoff plans next week. ProTek senior management and subsidiary management will meet next week to construct comprehensive spinoff plan to include a schedule of spinoffs and corresponding dividends.
ProTek has recently refocused on the Clean Technology market sector. Several announcements regarding specific steps toward the Clean Technology sector have recently been released. In conjunction with the new focus, management plans to spinoff ProTek's existing subsidiaries. The spinoff plan includes independently listing each subsidiary on the OTC Markets trading platform and issuing stock in each subsidiary to the shareholders of ProTek through a property dividend. Four subsidiaries have been selected for a planned spinoff. The meeting next week has been scheduled to detail the subsidiary spinout and dividend plan.
As details on the planned spinoff's and property dividends are worked out, ProTek will continue to regularly issue shareholder updates regarding developments surrounding the pursuit of the Clean Technology market and the anticipated spinoff of existing subsidiary operations.
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 MotoVox® acquisition would represent the next evolutionary step into the burgeoning market for low cost, high efficiency "greener" power-train 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:
Eddie Vakser
EV24903@GMAIL.com
214 418 6940
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