DALLAS, TX / ACCESSWIRE / June 4, 2015 / ProTek Capital Inc. (PINKSHEETS: PRPM). The company is pleased to announce the hiring of a new CEO, Jorge Luis Saenz. Mr.Saenz has an impressive resume and a great track record in Cannabis and Marijuana market sectors. He is not only a great executive and content expert in MJ industries, but he is also a shareholder in our company.
Jorge Luis Saenz is Co-owner and CEO of Vaping Dragon Industries of Washington County, Or. It's located west of the City of Portland with its subsidiaries Kolbe Global Logistics, EcoVape and our new Medical Marijuana nursery named Flowers by Day with growing strains of Obama, BlackBerry and Mendocino Kushes along with their Sweet Wreck and Blue Dreams strains. The company is focused on practicing medicinal marijuana in the industry through its grow operation, its cannabis infused vape oil and their soon to be different concentrates. Co-owner Brian Day is their grower and pharmacist and he brings over 15 yrs experience. Co-owner Christopher Crawley is their logistics professional with over 20 years experience. Jorge and his team are dedicated to bring premium products and services to patients who seek comfort for their bodies with natural medicine instead of those that are chemically manufactured. Jorge has encountered a sea of medical marijuana companies in the Northwest United States that are in sync with the ultimate goal of replacing traditional chemical medicine with nature's own. He will concentrate to partner, merge and or acquire such companies that meet high standards throughout the US. Also, he will find companies that cater to the industry through all kinds of paraphernalia that pertain to Marijuana. With the recent passing of legalization in five states of the Union, retail sales will lead to more opportunities to merge, partner and or acquire such companies along with Jorge's own projects that are in the idea and development stage. He believes in disruptive innovation and he used it to develop EcoVape. Jorge's first priority will be to get PRPM structurally sound and create a business plan with milestones in order to compete with other like companies that are vying for these young and upcoming businesses in this young sector of the market. The first round of action is to partner, merge and or acquire the following, a grow operation, a medical dispensary, a courier service and a paraphernalia company. He will also introduce project ideas to the PRPM BOD for approval and bring them to market.
Im excited to head this company and feel great about its business direction. My first priority is to examine the past business milestones of ProTek Capital and complete or enhance them. As a shareholder myself, I will strive and work towards transparency and communication with my shareholder base. I feel that we are entering a great market segment that is in its infancy and has a lot of opportunity for growth and future developments. The first and most critical project that I will tackle would be to file and complete the dividend from our sister company SUTI, and examine the commitments that were started by our previous CEO.I feel confident that with the power given to me and the support of our management and investor base, I can complete these and other business developments and enhance the shareholders values. I will be announcing the Dividend record date of the corporate action, and will not initiate any stock reverses for this transaction. Stated Mr.Saenz, CEO ProTek Capital Inc.
Recently, the company launched a new web portal: www.protekcapital.com.
Proteks new site will keep investors and stakeholders aware of the latest developments of the company and provide a professional information venue for all interested parties. Protek management feels that this step, is one of many events planned to solidify the companys presence and provide the utmost level of transparency, while providing up-to-date information and releases concerning company developments.
The site also serves to showcase the development services of IncStocks, which is highlighted by their Investor Relations Profile. The profile is a unique, dynamic investor portal, offering rich information driven access to state of the art investor related data. The portal is powered by QuoteMedia, which is the industry leader in investment data services.
DALLAS, TX / ACCESSWIRE / April 16, 2015 / ProTek Capital Inc., (PINKSHEETS:PRPM), is pleased to announce the following updates. Today The Company is excited to report that the DTCC Global Lock was suspended as off 4pm EST April 14th, 2015.
The Company wishes to thank Mr. Simon Kogan (the company's attorney) and the DTCC for allowing this action to take place.
"The positive effect and the renewed vote of confidence that we are already feeling is helping the management to focus on completing the projects that were set in motion during the past year. There were several acquisitions as well as the addition of new personnel that were hindered due to GL. The most important task however, is the much anticipated shareholders dividend that was not approved by FINRA till the GL was lifted. The management is confident that they can submit the corporate action and will be granted the dividend distribution."
FAILED MARIJUANA SCAM Vakser's front man/ "CEO" sent to PRISON
CEO Luther R. Jeffries was ARRESTED 4/2/15 ON A 9 YEAR WARRANT FOR GRAND LARCENY
(stealing $20k from the Dollar Store he managed)--SENTENCED TO 1 YEAR IN NY STATE PRISON
Some Key PR's-- ALL issued in BAD FAITH by Vakser & Co.
Michael Ronchetti: Chairman-- RESIGNED
Jorge Luis Saenz-- NEW CEO as of 06/04/15-- RESIGNED 10/2015 --ACCUSES VAKSER OF "FRAUD"
I am sending you this letter after many attempts to contact you over a prolonged period of time. I have been tirelessly trying to contact you to discuss several pressing matters regarding SUTIMCo International Inc. Back in June you appointed me as the chief executive officer of the company. At that time, I was under the impression that you and I had a clear understanding as to the outline for moving this company into a positive direction. At inception you agreed to compensate me via a share plan for my duties as ceo. You never honored that agreement. After several discussions, I realized that this was going to be a challenge for you to follow through. Instead of pursuing compensation, I agreed publicly in a press release that I would forgo compensation until you, me, your attorney and chief financial officer could repair this haphazardly run company. At that point I felt it was in the best interest of the shareholders for me to focus on repairing the company and moving it in a positive direction rather than my seeking the compensation that you and I initially agreed upon.
My biggest priority is responding to shareholders with updates. You and your inept former ceo, Luther Jeffries, started this ProTek Capital dividend process before my time. I made it a high priority to follow through on your word. Instead of allowing me to tackle this difficult task, you insisted on excluding me and submitting the documentation to FINRA on your own. My major issue is that you refuse to communicate with me so that I am kept abreast of the situation. Shareholders were promised this dividend about a year ago. You assured me that this would be attained. I understand that certain delay matters are out of your control. However, that does not excuse your lack of communication with me. In addition, your extreme confidence in executing this dividend is the sole reason why I thought it would be beneficial to offer a similar type dividend reward to our SUTIMCo shareholders. Well neither dividend was executed and absence leaves me responsible to explain an unfulfilled promise.
The SUTIMCo name change is another issue. You insisted on taking full control of that as well. That would have been fine if you got the job done. You blame your former ceo, Jeffries, for executing a name change on the Wyoming Secretary of State, yet you do not follow up with finalizing it with FINRA. Regardless, FINRA is obviously not going to effectuate a name change for SUTIMCo International with an abandoned name change process for ProTek Capital and a lingering dividend application. For whatever reason, you appear to have lost complete sight of the priority.
Third, you supposedly finalized your agreement for DMND Inc. The concept appeared to be a wonderful insertion into the company. The deal made and the plan for the minimal restricted shares attributed seemed quite beneficial to the company. To date, I have yet to see us move forward with utilizing this venture that cost the company 150 million shares. This was a deal that you supposedly brokered. I signed my name of the press release but I am given no indication on how you intend to move forward with utilizing this acquisition.
Fourth, the tentative plan that you, Mr. Tassan and myself had with respect to the accumulated company deficit went unfulfilled. The SUTIMCo books are a disaster. My understanding was that there was a plan in place for us to reduce the overall liability to the company. I informed shareholders that the SUTIMCo 2nd Quarter would show a reduction in overall liabilities. That did not occur. Actually nothing occurred. Also, we started the process for the retirement of shares. Whether we were doing that via a company buyback or noteholder cancellation, it was never finalized. Consequently your noteholders appear to have done a major conversion in mid September which may very well be the result of the stated internal investigation of your noteholders by the new directors of 3D Entertainment. As of last week SUTIMCo was on the verge of 3 billion outstanding shares and I, the supposed chief executive officer, am left in the dark without knowledge or explanation. ProTek Capital is a complete issue in itself. You, nor any of the remaining company officers, have made yourselves available to discuss with me the severe damage done to the share structure, the outrageous accumulated company deficit and what potential plans exist to move in a positive direction.
Last and most imperative is the Quarter 2 filings for SUTIMCo International. You continue to supply the filings for the company by your choice. You insist on having sole access to OTC Markets and these filings. I was appalled to see that you made the decision to upload these filings with my name on the electronic signature. I did not approve, nor even review, these quarterly financials. You could imagine the awe that I was in to see that you had the audacity to sign my name next to a company report that I never even saw. I am hopeful that you do realize that there is an electronic paper trail that proves that you made no attempt to send this filing to me. Last, this brings us to the recent ProTek Capital filings made on September 18, 2015. I truly believed that we were going to get this set of quarterlies correct. However, after you sent this quarterly draft to me, I questioned you about accrued salaries noted in the amount of $270,000. You did not respond. You simply chose to execute this quarterly filing and sign your name as director. With that said, I immediately resign from both SUTIMCo International (as ceo) and ProTek Capital (as ceo). I am demanding that you remove my name from OTC Markets and press release this material event within three (3) calendar days of this letter.
Jorge Luis Saenz"
SUTI, PRPM, PBHG, TDEY, AURI, TSRR (GREY MARKET) AND ARTS (SEC REVOKED)
Edward Vakser: PRESIDENT/ CHAIRMAN/ Director-- Never "resigns" and always returns!
James S Tassan: Acting CFO (Eddie's brother-in-law)
UP-TO-DATE INFORMATION ACTUALLY RELEVANT TO CURRENT TRADING BELOW THE GREEN LINE
[MAINTAINED BY MOD AJH92 - DO NOT CHANGE]
PROTEK CAPITAL GROUP INC