$PRPM recent news
ProTek Capital, Inc. Completes Acquisition of Acute Systems Consulting, LLC.
Company Sees Significant Potential with Virtualization Software and Data Hosting.
Posted 1st December 2010
New York, NY - Dec. 1, 2010/ (PR Newswire) -- ProTek Capital, Inc. (OTCPK: PRPM) is pleased to announce the Company has completed the acquisition of Acute Systems Consulting, LLC., a fast growing "cloud" computing company engaged in the business of providing consulting and installation of virtualization software sales and data hosting.
The acquisition was valued at $300,000 and the purchase price to be paid through the payment of 5,000,000 shares of restricted stock of the Company and 2,000,000 shares of restricted stock of NX Global, INC, valued at $.05 per share. ProTek Capital received the shares when the Company sold its wholly owned subsidiary in a previous transaction. An additional 5,000,000 shares of ProTek Capital restricted stock will be paid to the Seller if Acute Systems meets agreed target goals over the course of the next six (6) months.
Anthony Morales will remain as Director of Acute Systems Consulting, LLC.
"I am excited about the relationship with ProTek Capital and how their strong distribution network and management team can help our company increase its revenue over the next twelve months," stated Anthony Morales, Director of Acute Systems Consulting LLC.
"This potential acquisition of Acute Systems is a key building block as we implement our new corporate strategy," stated Owen Dukes, CEO of ProTek Capital, Inc. "We feel that our team will enable Acute Systems to grow into a solid IT solutions firm with increased revenue within the next twelve to eighteen months,"
For more information on Acute Systems Consulting LLC, please visit www.acutesys.com
For more information on ProTek Capital Inc., please visit www.protekcapital.com
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: http://www.protekcapital.com/
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Investor Relations
info@protekcapital.com
Source: Protek Capital, Inc.
ProTek Capital, Inc. Completes Acquisition of Acute Systems Consulting, LLC.
Company Sees Significant Potential with Virtualization Software and Data Hosting.
Posted 1st December 2010
New York, NY - Dec. 1, 2010/ (PR Newswire) -- ProTek Capital, Inc. (OTCPK: PRPM) is pleased to announce the Company has completed the acquisition of Acute Systems Consulting, LLC., a fast growing "cloud" computing company engaged in the business of providing consulting and installation of virtualization software sales and data hosting.
The acquisition was valued at $300,000 and the purchase price to be paid through the payment of 5,000,000 shares of restricted stock of the Company and 2,000,000 shares of restricted stock of NX Global, INC, valued at $.05 per share. ProTek Capital received the shares when the Company sold its wholly owned subsidiary in a previous transaction. An additional 5,000,000 shares of ProTek Capital restricted stock will be paid to the Seller if Acute Systems meets agreed target goals over the course of the next six (6) months.
Anthony Morales will remain as Director of Acute Systems Consulting, LLC.
"I am excited about the relationship with ProTek Capital and how their strong distribution network and management team can help our company increase its revenue over the next twelve months," stated Anthony Morales, Director of Acute Systems Consulting LLC.
"This potential acquisition of Acute Systems is a key building block as we implement our new corporate strategy," stated Owen Dukes, CEO of ProTek Capital, Inc. "We feel that our team will enable Acute Systems to grow into a solid IT solutions firm with increased revenue within the next twelve to eighteen months,"
For more information on Acute Systems Consulting LLC, please visit www.acutesys.com
For more information on ProTek Capital Inc., please visit www.protekcapital.com
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: http://www.protekcapital.com/
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Investor Relations
info@protekcapital.com
Source: Protek Capital, Inc.
