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Energtek Inc (EGTK)

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Last Post: 10/20/2016 2:42:14 PM - Followers: 58 - Board type: Free - Posts Today: 0


Energtek provides proprietary solutions to meet the technical, economical and logistical challenges of Natural Gas (NG) Bulk Transportation delivery to industrial, transportation and other NG bulk consumers. Energtek also has proprietary solutions for providing NG to small vehicles worldwide, with a major focus on the 2- and 3-wheel vehicles market.

 Energtek, Inc.11 East 44th. Street
Suite 1900
New York, NY 10017
Phone: (212) 999-6202
FAx: (212) 208-4344

Investor Relations 
Share Structure:

EGTK has an Active status on Nevada SOS <> 

11 East 44 Street 
19th Floor 
New York, NY 10017 
Phone: 212-999-6202         

EGTK 3 Month Chart! 

Energtek Signs Agreement for Acquisition of HOP Energy For A Cash Purchase Price Of $65 Million Dollars

HOP Energy Holdings to be acquired by Energtek subject to certain closing conditions

HOP services about 80,000 customers

Anticipated closing during the fourth quarter of 2016

As of the closing, the combined group will be renamed American Mobile Power Inc.


NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Energtek Inc. (OTC: EGTK) ("Energtek"), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has entered into an agreement and plan of merger with HOP Energy Holdings, Inc. ("HOP") pursuant to which Energtek will acquire HOP for a cash purchase price of $65 million dollars. HOP is among the largest full service energy companies in the Northeast, serving about 80,000 commercial and residential customers, and presents an enviable platform from which Energtek plans to deploy its leading mobile natural gas technology in order to further its strategic goal of making natural gas available to previously unserved areas at affordable prices.

The merger, which is subject to customary closing conditions, is anticipated to be completed during the fourth quarter of 2016.  As of the closing, the combined group will be renamed American Mobile Power, Inc.

Yoav Krill, Chief Executive Officer of Energtek commented, "We are acquiring a leading energy distributor on the East Coast, with thousands of clients, sizeable revenues, profits and an experienced management team. The execution of the merger agreement is the product of months of negotiations and hard work by all involved. I wish to thank the HOP owners and management for their leadership and cooperation."

Energtek's Executive Vice Chairman, Marshall Cogan, whose initiative was crucial in bringing about the deal, explained: "Our effort is directed toward revitalizing the company's strategy and turning Energtek into a substantial player in the market of mobile energy, supplying affordable energy to households and small to medium businesses. The synergies that we expect to achieve by this acquisition will enable us to play a significant role in product diversification to suppliers and consumers, with considerable improvements to the margins of this industry."

Michael Anton, President and Chief Executive Officer of HOP, added, "Joining forces with Energtek in a combined company will enable us to reaffirm our dedication to taking care our many customers, whether residential or commercial. We shall strive to increase our size and resources to meet their needs on a day-to-day basis as well as in emergency situations. We also look forward to expanding the range of our services, and to be able to add natural gas to the current mix of heating oil, liquid fuels and propane."

About Energtek    

Energtek (EGTK) develops and applies innovative mobile energy transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles.  Energtek offers cost-effective natural gas delivery solutions based on unique pipe-less technologies and products. Energtek's solutions allow consumers who are not connected to a pipeline to take advantage of natural gas: an inexpensive, environmentally-friendly and safe hydrocarbon energy source. Energtek's solutions enable monetization of natural gas resources where no infrastructure exists, enabling a one-stop-shop for mobile pipe-less natural gas supply: capturing, storage, transport and delivery of natural gas from the source to industrial, commercial, residential and NGV customers. To learn more about Energtek, view our website:

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended.  All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies, including statements regarding the expected closing of the transaction described in this release, the synergies the parties expect to realize, and the performance of the combined company.  Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions.  In evaluating such statements, prospective investors should review carefully various risks and uncertainties, partially identified in this release, and other matters set forth in Energtek's filings.  These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

Investor Relations

SOURCE Energtek Inc.


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EGTK News: Small Company Offering and Sale of Securities Without Registration (d) 10/19/2016 12:05:37 PM
#5211  Sticky Note Energtek Signs Agreement for Acquisition of HOP Energy LivinLarge8 10/13/16 01:22:21 PM
#5217   So they're back to removing posts they don't oldandintheway 10/20/16 02:42:14 PM
#5216   This is about to pop huge accumulation .05 LivinLarge8 10/17/16 07:40:53 AM
#5214   .05 break and this runs hard LivinLarge8 10/14/16 10:23:19 AM
#5213   100k volume today LivinLarge8 10/13/16 06:46:44 PM
#5212   It won't take much volume to push and recinvestor 10/13/16 05:43:01 PM
#5211   Energtek Signs Agreement for Acquisition of HOP Energy LivinLarge8 10/13/16 01:22:21 PM
#5210   Etrf nite and cdel stacking at .049 it's LivinLarge8 10/13/16 11:52:51 AM
#5209   If it happens this will be worth .50+ easy LivinLarge8 10/13/16 11:49:15 AM
#5208   Bids stacking LivinLarge8 10/13/16 11:48:46 AM
#5207   Judging by the price action someone has been LivinLarge8 10/13/16 11:48:37 AM
#5206   NITE and ETRF bidding now. Bid moved up recinvestor 10/13/16 10:47:35 AM
#5205   Don't count your chickens, LL8. As JPick and oldandintheway 10/13/16 10:43:17 AM
#5204   That's if it happens EGTK has a history jpicker 10/12/16 05:48:50 PM
#5203   .0495's were taken out and the bid moved recinvestor 10/12/16 12:51:39 PM
#5202   $EGTK Pincher Chart LivinLarge8 10/12/16 01:09:50 AM
#5201   $EGTK will pay off huge with the HOP LivinLarge8 10/12/16 01:05:07 AM
#5200   EGTK officially on watch here...took a starter position recinvestor 10/11/16 11:33:31 PM
#5199   .0495 falling trading 3 times the average volume LivinLarge8 10/11/16 03:33:55 PM
#5198   Volume coming in LivinLarge8 10/10/16 12:28:25 PM
#5197   Starting buying this is gonna be huge LivinLarge8 10/07/16 01:52:02 PM
#5196   Reading that news this could be huge LivinLarge8 10/07/16 10:10:58 AM
#5195   this is a few dollars stock if it zeekhoe 09/23/16 04:22:44 PM
#5194   If they get it done It's awesome windough-shopper 09/23/16 03:59:35 PM
#5193   That it does!! Maybe they will come through jpicker 09/23/16 03:50:23 PM
#5192   Market says differently. Go EGTK! bakersson 09/23/16 03:42:21 PM
#5191   Sounds like some more BS from EGTK I jpicker 09/23/16 02:43:05 PM
#5190   yeah looks like hop is reversing into egtk maybe? zeekhoe 09/22/16 10:59:03 PM
#5189   A small fish just swallowed a bigger fish. bakersson 09/22/16 08:10:24 PM
#5188   NEWS: Energtek Signs Agreement for Acquisition of HOP Energy zeekhoe 09/21/16 09:47:51 AM
#5187   Looking good here!!! jpicker 02/15/16 05:00:52 PM
#5186   Another outstanding year ends for EGTK shareholders and oldandintheway 12/31/15 01:30:26 PM
#5185   More news: bakersson 12/07/15 02:59:55 PM
#5184   News out. bakersson 12/02/15 10:02:46 AM
#5183   Surprised this stinky turd is still trading if jpicker 11/20/15 01:48:54 PM
#5182   Just curious...anyone able to get their money out oldandintheway 11/11/15 01:15:40 PM
#5181   To the impaired fellow who purchased 577 shares oldandintheway 08/12/15 01:31:51 PM
#5180   EGTK absolutely screaming today!! Or that the oldandintheway 08/04/15 11:43:12 AM
#5179   EGTK LOOKING AWESOME!!! jpicker 07/27/15 12:58:54 PM
#5178   Or maybe they stay busy designing a huge oldandintheway 07/27/15 11:19:51 AM
#5177   Lol jpicker 07/24/15 01:19:52 PM
#5176   Yeah. Makes me wonder what company management does oldandintheway 07/24/15 01:12:49 PM
#5175   Lookin good jpicker 07/24/15 11:24:17 AM
#5174   There has been absolutely no activity at the ShirtLoser 07/10/15 06:28:34 AM
#5173   $EGTK news, Energtek Appoints Marshall Cogan to Board windough-shopper 07/09/15 11:54:03 AM
#5172   Nothing like a 52-week low to excite the oldandintheway 06/23/15 11:35:48 AM
#5171   Even the dingy is sinking :) jpicker 06/15/15 02:01:00 PM
#5170   No one loading up the dinghy at these oldandintheway 06/15/15 11:14:29 AM
#5169   Trying hard for that 52-week low! The Titanic oldandintheway 06/04/15 10:58:49 AM
#5168   EGTK IS A LIFECHANGER !!!!! jpicker 06/01/15 01:10:34 PM
#5167   Lift-off!!!!!!!! She's looking like a SCUD missile!! oldandintheway 06/01/15 09:58:14 AM