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Energtek Inc (EGTK)

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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
Email: energtekoffice@energtek.com
Website:   http://www.energtek.com/

Investor Relations 
IR@energtek.com 
 
Share Structure:




EGTK has an Active status on Nevada SOS <> 
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3SYWc0QH%252bDOtyBNVLsNDCg%253d%253d&nt7=0 

CONTACT INFO: 
11 East 44 Street 
19th Floor 
New York, NY 10017 
Website: http://www.energtek.com 
Phone: 212-999-6202         
Email: energtekoffice@energtek.com 

 

 
http://ih.advfn.com/videos/stock-chart/egtk-video-chart_bymVPu2wIX4

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: www.energtek.com.

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.

Contacts:
Investor Relations
+1-(212)9996202
IR@energtek.com

SOURCE Energtek Inc.


 

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PostSubject
#5279   EGTK-somebody is buying-I dont know why yet varjim 07/24/19 10:43:50 AM
#5278   Shocking isn’t it lmao jpicker 01/25/19 04:47:03 PM
#5277   Pump now turning to dump, as expected. lol oldandintheway 01/23/19 10:53:59 AM
#5276   EGTK UPDATED ANALYSIS Sunnyland 01/22/19 06:39:40 PM
#5275   EGTK UPDATED ANALYSIS Sunnyland 01/22/19 06:39:40 PM
#5274   Exactly. This thing is a rotting carcass. oldandintheway 01/22/19 06:43:17 AM
#5273   EGTK UPDATED ANALYSIS Sunnyland 01/21/19 01:52:10 PM
#5272   Lots of questions here could hold it back. bakersson 01/21/19 10:21:57 AM
#5271   $EGTK: $0.0104 Babyyyy... we having FUN YET ??? makinezmoney 01/18/19 02:12:48 PM
#5270   $EGTK: Prepare for the PennyBreak... its ready makinezmoney 01/18/19 01:17:42 PM
#5269   Hey jpick, good to hear from you. oldandintheway 01/17/19 11:42:12 AM
#5268   I bought in 2009 at .15 sold at jpicker 01/15/19 08:41:13 PM
#5267   First time in 8 years ive seen such Erico6969 01/15/19 03:05:05 PM
#5266   I began following this "company" 7-8 years ago. oldandintheway 01/15/19 02:39:35 PM
#5265   EGTK UPDATED ANALYSIS FOR 1/14/19 Sunnyland 01/14/19 06:15:54 PM
#5264   $EGTK: Very clean bullflag breakout here.... $0.0085 makinezmoney 01/14/19 11:38:13 AM
#5263   EGTK UPDATED ANALYSIS 1/13/19 Sunnyland 01/13/19 12:38:35 PM
#5262   Im loving the setup here! Looks like the Erico6969 01/10/19 07:52:03 PM
#5261   EGTK UPDATED ANALYSIS FOR 1/9/2019 Sunnyland 01/09/19 06:40:11 PM
#5260   EGTK UPDATED ANALYSIS Sunnyland 01/08/19 08:14:17 PM
#5259   EGTK ANALYSIS Sunnyland 01/07/19 04:41:49 PM
#5258   Actually its was beginning of year! Nothing to Erico6969 01/07/19 08:10:00 AM
#5257   EOY tax-selling is what we saw. People oldandintheway 01/07/19 07:28:35 AM
#5256   and now we wait to see why all varjim 01/04/19 02:55:57 PM
#5255   EGTK ANALYSIS Sunnyland 01/02/19 08:36:54 PM
#5254   I'd also be interested to hear what you BeamMeUpScotty 01/02/19 02:41:40 PM
#5253   .0055 up 22% more varjim 01/02/19 01:23:48 PM
#5252   What do you know? Sunnyland 01/01/19 10:45:59 PM
#5251   246% up - 2.7 mil shares traded varjim 12/31/18 04:13:23 PM
#5250   2,348,811 so far varjim 12/31/18 02:51:37 PM
#5249   IF WE CLOSE ABOVE 2 MIL VOLUME . klimanjaro 12/31/18 11:27:04 AM
#5248   YEP ,POP GOE THE WEASEL. MMW! klimanjaro 12/31/18 11:24:34 AM
#5247   $EGTK: Ready to roll now... saw the loading makinezmoney 12/31/18 11:24:19 AM
#5246   EGTK , if you see me here you klimanjaro 12/31/18 11:09:35 AM
#5245   $EGTK: On the move.... hitting $0.0035 here makinezmoney 12/31/18 10:54:46 AM
#5244   EGTK-dont know why,but someone is buying varjim 11/21/18 03:43:55 PM
#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 http://ampusa.com/ threewheeler 05/24/17 03:53:13 PM
PostSubject