Business
Energtek Inc. Issues Letter to Shareholders
Energtek Inc. Issues Letter to Shareholders.
About this update from Energtek Inc
[{"type":"text","content":"\n\n\n\nEnergtek Inc. Issues Letter to Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEnergtek Inc. Issues Letter to Shareholders\n- 2013 Performance Surpassed Expectations\n- Company Outlines Plans for Major Worldwide Expansion of Operations in 2014\n- EGTK Board of Directors Evaluates Alternatives re Upgrading of Stock in 2014\nPR Newswire\nNEW YORK, Jan. 8, 2014\n\n\n\n\n\n\n\n\n\n\n\n\n\nNEW YORK, Jan. 8, 2014 /PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, today issued the following letter to shareholders, covering three main subjects: summarizing commercial business developments in 2013, plans for major worldwide expansion of operations in 2014, and upgrading its stock in 2014 to a major exchange.\n\nDear Shareholders,\n\nDuring 2013, Energtek has made significant progress, validating our business model to acquire and resell energy at a profit, by leveraging our proprietary technology and knowhow.  We met and surpassed our revenues goal of $10m, thus exceeding expectations.\n\nWe believe that in 2014 we will aggressively grow our business and further expand worldwide operations.\n\nOur Board of Directors, while not yet making any determinations regarding the type and timing of any alternatives to upgrade our stock, does expect that such an event will likely occur over the next 12 months, if it is in the best interest of our stockholders to do so.\n\nBusiness Development – we are planning during 2014 to expand our operations as follows:\n\n1)     USA – our newly founded subsidiary, AMP - American Mobile Pipeline, hopes in Q1-2014 to complete the signing of its first commercial contract in Midland, West Texas (quoted by Time Magazine, Oct 28, 2013 issue, as the \"hometown\" of the American oil and gas industry).\n\nFollowing this, AMP will seek to close further projects in Texas and throughout the U.S.\n\nSome of the projects would adopt the \"pipeline on wheels\" mobile transport solutions; others would entail implementation of En...