========== Share Structure=======================
1. Authorized Common shares: 1 Billion
2. Authorized Preferred Shares: 10 Million
DELRAY BEACH, Fla., Feb. 8 /PRNewswire-FirstCall/ -- Geotec Thermal Generators, Inc. (Pink Sheets: GETC - News), in response to numerous inquires, is confirming that its common free share position, effective, January 31, 2007 is 29,063,987 common shares, on deposit with the Depository Trust Corporation (DTC). These shares are held in electronic form and freely tradable. 9,017,429 shares are in free trading certificate form, and the balance of 187,487,323, are restricted. Of the 187,487,323 restricted shares, 184,751,992 are pledged to, and are part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray, the Company's Chairman and CEO.
Further, with the completion of the 14-C authorizing the increase in authorized shares, the Company will be able to complete its obligations to White Knight Holdings, LLC and Richcorp, Inc. Those obligations are described in the Company's previous filings with the United States Securities and Exchange Commission, and those shares are also part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray.
Finally, any and all shares issued from the increase in authorized shares are subject to the Five Year Lock-Up Agreement, unless and if the shares are part of a registration filed with the United Stated Securities and Exchange Commission.
As of September 12, 2008, there were 415,391,107 shares of our common stock issued and outstanding. (ALL but aprox. 29M are in lockup)
======== From 10KSB of December 29,2006 =======================
WE HAVE ABANDONED OUR FORMER BUSINESS MODEL AND ACTIVITY TO UTILIZE THE PATENT DESCRIBED HEREIN AND TO BE A SERVICE PROVIDER TO THE OIL AND GAS INDUSTRY.
During calendar years 2003 and 2004, our business model centered around our ten-year exclusive license and U.S. Patent No. 6,817,298 to market and sell a unique oil treatment service to customers in North, Central, and South America. This technology, Gas Generators(TM), was not fully commercialized. Accordingly, we intend to sell our interest in this technology and we will not be a service company to the oil and gas marketplace. Instead, we will concentrate on monetizing our coal assets and our “Green Energy” technologies.
In the first quarter of 2005, we changed our business plan to pursue a “Green Energy” business model. Pursuant to this “Green Energy” business model we have entered into agreements to acquire laid up coal, above ground coal mines and technology to utilize coal to produce synthetic fuels. We intend to continue through 2006 to enter into additional agreements to acquire coal assets and technologies to produce gas, liquid or solid synthetic fuels, or refined “clean” or “Ultra Clean” coals. Through agreements described herein, we have obtained technologies that enable the processing of coal into Ultra Clean or Clean Coal. However, we have not yet generated any significant revenues with this new business model and there can be no assurances that future revenues will be sufficient to sustain and support our projected business operations. Further, while the technology has been favorably reported in a laboratory and pilot plant setting, there is no evidence that the technology will be commercially feasible as it has never been utilized to refine coal in a commercial setting.
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company. Geotec has operations in the United States and Argentina and utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially higher value coal. The technologies are also used to purify hydrocarbons, such as coal or oil, of heavy metals and other contaminants such as sulfur, arsenic and mercury to prevent or correct pollution in the air, water or soils. In addition, hydrocarbon contaminated soils can be re-vegetated and re-forested.
============ 8k 04/09/08 ============================
Item 1.01 Entry into a Material Definitive Agreement.
MASTER DEVELOPMENT AGREEMENT WITH TTI TECHNOLOGIES, INC.
On April 8, 2008, Geotec, Inc. (“Geotec” or the “Company” ) entered into a Master Development Agreement (the “Agreement” ) with TTI Technologies, Inc. (“TTI” ) of Omaha, Nebraska (jointly referred to as the “Parties” ), regarding further development of Geotec’s proprietary enzyme/protein technology (the “Technology” ).
========== 8k 05/14/08 ==========================
Item 1.01 Entry into a Material Definitive Agreement.
On May 9, 2008, Geotec, Inc. (“Geotec” or the “Company” ) executed an investment banking agreement (the “Agreement” ) with StoneGate Partners, LLC (“StoneGate” ), a specialty investment banking firm based in Boston, Massachusetts.
===========PR Sept 15th 2008====================
Geotec, Inc. Has Received United States Patent Pending Status--Application Number 61/132,397
Geotec, Inc. (PINKSHEETS: GETC) announced today that it has filed patent applications with the United States Patent Office. Acknowledgment, as patent pending, has been received by the USPO for "Methods of refining hydrocarbons fuels and post-combustion production by enzyme and protein reactions." (Application number 61/132,397) The patent applications included the protein and enzyme processing, cleaning and purification of pre-combustion solid, liquid, and gas hydrocarbons. The patent application also included the lowering of metals, mercury, sulfur and other hydrocarbon contaminants that will decrease the air emissions of Nitrogen Oxides (NOx), Carbon Dioxide (CO2) and Sulfur Dioxides (SO2) and fine particles. These patents describe the bio-refining process for bio-diesel/jet fuel and marine bio-diesel. The Geotec intellectual property and enzyme/protein patents cover several cellulosic enzymes to convert waste farm products (corn stalks/cobs, rice husks, etc.) to ethanol/methanol for inclusion in "GeoRich Bio-Fuels." The "GeoRich" family of bio-friendly fuels will be used to operate the company's mining, bio-refining facilities and product delivery with bio-diesel/jet fuel and marine bio-diesel. The transesterification of ethanol into bio-fuels and bio-crude, environmental remediation, preliminary stages of carbon sequestration (pre-combustion) and its process to decontaminate gases containing impurities are part of the patent application. The protein/enzyme chemical sequestration and control of carbon dioxide, sulfur dioxides, nitrogen oxides, metals, and other contaminates from the post-combustion of solid, liquid and gas forms of hydrocarbons are part of the patent applications.
===========Filings during 2009====================
2007 1st Quarter 10Q- http://www.sec.gov/Archives/edgar/data/1087717/000138038909000006/getcform_10q033107.htm FILED 01/20/2009
2007 2nd Quarter 10Q- Not filed
2007 3rd Quarter 10Q- Not filed
2007 10K- Not filed
2008 1st Quarter 10Q- Not filed
2008 2nd Quarter 10Q- Not filed
2008 3rd Quarter 10Q- Not filed
2008 10K- Not due until March 2009