$PRPM recent news Company plans to buy back up to
Post# of 29735
Posted 9th December 2010
New York, NY, December 9, 2010 - Marketwire- ProTek Capital, Inc. (Pink SheetsRPM) is pleased to announce that the Company plans to buy back up to 400 Million shares of its issued and common stock as part of a share buy-back program pursuant to Rule 10b-18. The Company's President, Robert Zysblat will be directing the program which will run from 1st January, 2011 to 31st December, 2011, or until all of the shares have been purchased, whichever shall first occur. While the Company is not under any obligation to repurchase shares under this Program, the Company is excited about the Program and believes it will enhance the value of the investment focus to acquire software companies.
"These announcements illustrate our confidence in the long-term growth of the company and our commitment to returning capital to our shareholders," said Robert Zysblat, President.
About ProTek Capital, Inc.:
ProTek Capital, Inc is a corporation with offices located in the United States and United Kingdom, whose focus is invest in or acquire software companies that are privately held or traded on the public markets. The objective of ProTek Capital, Inc is to provide the best possible risk-return value for all of its shareholders by making direct investments or outright purchases into foreign and domestic private and public software companies. To learn more about ProTek Capital, Inc., please visit: www.protekcapital.com
Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements'' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Investor Relations
info@protekcapital.com
Source: Protek Capital, Inc.