Business
Energtek Reports Further Fundraising Success
Energtek Reports Further Fundraising Success.
About this update from Energtek Inc
[{"type":"text","content":"\n\n\n\nEnergtek Reports Further Fundraising Success\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 Reports Further Fundraising Success\n- More than $1.5m Raised in Bonds and Equity During First Half of 2014\n- Company to Meet Institutional Investors as well in Q3\nPR Newswire\nNEW YORK, July 16, 2014\n\n\n\nNEW YORK, July 16, 2014 /PRNewswire/ -- Energtek Inc. (OTC BB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, confirmed today that over one and a half million dollars were invested by private individuals during the first six months of 2014, who bought a mix of bonds and equity in the company.  Additionally, Energtek's management has been meeting with several institutional investors, in an effort to raise a significant amount of capital to fund its U.S. operations.  Negotiations have begun with two firms regarding an equity investment into Energtek Inc.'s wholly-owned subsidiary: Energtek USA Inc.\n\n\"We have been successful in achieving financing from several investors, who have bought bonds and shares of our company Energtek Inc.,\" said Energtek's Treasurer Mr. Michael Greenfield.  \"I am also very pleased to see the performance of the company reflected in the price of our shares, which has risen steadily during the last quarter to the benefit of our shareholders.\"\n\n\"We look forward to further negotiations with several institutional investors regarding investment in our subsidiary Energtek USA.  This would enable management to implement its plans for mobile natural gas transport operations to begin this winter, and to expand tremendously in 2015.\"\n\nAbout Energtek  Energtek develops and applies innovative mobile transportation solutions for industrial consumers and fleets of small vehicles.  Energtek operates subsidiaries in North America, Europe and Asia.  \n\nTo learn more about Energtek, visit the newly revamped website: www.energtek.com\n\nForward-Looking StatementsThis release contains forward-looking statements within the meaning of the Securities Exchange Ac...