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Energtek Inc (EGTK)

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Last Post: 11/15/2018 12:46:40 PM - Followers: 51 - 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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PlusOneCoin Top Posts
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#5243   Yeah, that bid of .0006 is practically through oldandintheway 11/15/18 12:46:40 PM
#5242   I'm less confident. This seems like a bakersson 11/15/18 11:59:24 AM
#5241   EGTK up 100% - could be news on varjim 11/14/18 11:39:55 AM
#5240   EGTK big move-maybe news on the way varjim 10/24/18 12:54:17 PM
#5239   no oldandintheway 09/19/18 10:06:20 AM
#5238   could something be happening with their website varjim 08/27/18 09:40:29 AM
#5237   EGTK - 1.1 million more today-so far varjim 05/01/18 01:37:26 PM
#5236   Yes something might happen. Like a formal oldandintheway 05/01/18 11:38:05 AM
#5235   1.8 mil shares - more today than for varjim 04/30/18 02:53:59 PM
#5234   should be news very soon on this one varjim 04/14/18 03:51:13 PM
#5233   3 month chart shows some volume coming back varjim 12/19/17 01:54:43 PM
#5232   Just realized that we passed the 1-yr anniversary oldandintheway 09/26/17 09:39:32 AM
#5231   must be dead threewheeler 08/03/17 07:53:08 PM
#5230   still under construction, uugghh threewheeler 05/24/17 03:53:13 PM
#5229   Finally seems as though the Fat Lady, after oldandintheway 04/04/17 12:09:19 PM
#5228   I'm still here living the dream lol more jpicker 01/31/17 04:08:44 PM
#5227   Yeah this will be my tax write-off for tassp 01/31/17 04:03:43 PM
#5226   Haha - Wouldn't be surprised if this is oldandintheway 01/31/17 12:20:11 PM
#5225   Their new site is now under construction. tassp 01/30/17 03:13:10 PM
#5224   Hey Jpick, you still out there? I oldandintheway 01/27/17 08:33:55 AM
#5223   Agreed, cant blame people for dumping their shares here, tassp 12/14/16 09:58:42 AM
#5222   Seems the positive news has the usual negative oldandintheway 12/14/16 09:52:35 AM
#5221   You are Welcome Sir. Just reporting those changes. DaReal 12/13/16 12:19:02 PM
#5220   Thanks for the detail, been a long quiet tassp 12/13/16 11:29:13 AM
#5219   Company Name change filed with the NVSOS DaReal 12/13/16 11:17:16 AM
#5218 - something appears going on tassp 12/07/16 11:34:48 AM
#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