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NITE moved to 2. Maybe HDSN decides to rejoin him.
Good to see you here G.
Agreed. I think theres a ton of upside potential here. If however, they want to get real investors onboard, they will have to address the share count at some point. Hopefully that happens during the webinar. If so, September 16th should be really interesting. .01 by x-mas only happens if they drastically slash the O/S (preferably through a buyback).
It’s starting to look like they know what they’re doing.
Need to see a couple more MM’s bump the ask to 2.
SSGI on board @ .02
GDT Tek Contact Info:
Send your questions in for the webinar.
shq@gdttek.com
Now that we’ve been given a forum... I would suggest that anyone who is a current shareholder or is considering investing, let the company know your thoughts and concerns. The more people they hear from, the more seriously they’ll take us. List them if you have to, and I don’t think any question is too small. For example “Why do you still have that cheesy newspaper clip art on the homepage? It looks unprofessional in a day and age where your website is your main communication with the public.”
DD
Great idea. Unfortunately, from what I can gather, Slide Rocket is not a format than can be saved and uploaded to YouTube (requirement for posting videos on iHub.) If theres someone else lurking who is better versed in pc wizardry than I (it doesn’t seem to require moderator status), please have at it. We could use the exposure.
A man with connections.
If they expect to see more than a couple thousand dollars trickle in on the days they release PR’s, they’re going to have to address the share structure at some point. The O/S count coupled with the fact that were still bidless looks bad and is keeping the majority of new shareholders away IMO. The company seems to be resisting an R/S which would make a buyback the next logical step considering they’ve done it before. Unless they’re not concerned with funding future projects with investor dollars.
Possibly.
The buyback talk resurfacing is an interesting angle considering they’ve done it before, and now have the funds to complete one in earnest.
Suggestion Box
shq@gdttek.com
They promised a buyback in the past which resulted in 200,000,000 shares being taken off the books. Didn’t make much of a dent, but they didn’t have any money at the time to do more. I’ve already emailed my question for the webinar, which is “How does the company plan on addressing the current share structure in order to bolster investor confidence? What steps will be taken and in what timeframe?" A buyback that makes an impact would be the smartest move they could make.
It’s unfortunate that the share structure has been so diluted over the years. Had we an O/S in the neighborhood of 2 to 3 billion, I think we’d be seeing some major pps movement.
Shareholders and investors that wish to participate in the September 15th Webinar are invited to send their questions in advance to shq@gdttek.com.
The full document is now up on their homepage. After all this time... finally getting to see this company get their act together.
RTR Project Financial Analysis
Project Assumptions:
Gross Unit Capacity (kw): 10,250
Net Unit Capacity (kw): 9,020
Gross Annual Production (kwh): 89,790,000
% Parasitic Load: 12%
Net Annual Production (kwh): 79,015,200
Heat Recovery Installed Equip Cost /(kw): $2,250
Installed Cost of Project: $23,062,500
Equipment Life (yrs): 20
Contract Life (yrs): 20
Renewable Energy Credits 0%
Net Installed Cost of Project: $23,062,500
Finance Assumptions
Bond Amount 100% $30,000,000
Net Proceeds 90% 27,000,000
Revenue/kwh: 0.11200
Cash reserve $(3,937,500)
Term of Debt (yrs): 20
Interest Rate: 7.00%
Site Utility Power Cost (kwh) $0.120
Fees/Expenses
Technology License Fee % 8%
Heat source royalties: 12%
Maintenance Assumptions
O&M per kwh: $0.0120
Ongoing Site Expenses: 2.0%
Financial Administration: 2.0%
Warranty: 2.0%
Cost of Living Adjustment (COLA) 3.0%
Annual up-time percentage: 90.0%
Year 1
Profit Analysis
Base Revenue @ Fixed Rate $1,991,183
Annual COLA Adjustment
Net Revenue Generated $1,991,183
Direct Expenses
Interest Expense 2,077,391
Principal payment 713,685
Heat Source Royalties 238,942
Equipment Amortization 288,281
Site Expenses 39,824
Total Direct Expenses 3,358,123
RTR Expenses
O&M - Professional Service Fees 1,077,480
Financial Administration 39,824
Technology License Fee 159,295
Warranty 39,824
RTR Expense Total: 1,316,422
Total Operating Costs 4,674,545
Profit (2,683,362)
Profit % -135%
Cash Flow
Collections 1,991,183
Cash used in operations
Principle & Interest Payments 2,791,076
Heat Source/Site Expenses 278,766
Operating Expenses 1,316,422
Total cash used 4,386,264
Net Cash Flow (2,395,081)
-120%
Cash Reserve 3,937,500
Net Cash Reserve 1,542,419
RTR Net Profit
RTR System O&M 20% profit 215,496
Financial Administration (20%) 7,965
Technology License Fee 159,295
Operating Profit (2,683,362)
Total RTR Profit (2,300,606)
Profit % -116%
Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Total
$5,973,549 $6,969,141 $7,964,732 $8,203,674 $8,449,784 $8,703,278 $8,964,376 $9,233,308 $9,510,307 $9,795,616 $10,089,484 $10,392,169 $10,703,934 $11,025,052 $11,355,804 $11,696,478 $12,047,372 $12,408,793 $12,781,057 $180,294,359
$238,942 $246,110 $253,494 $261,098 $268,931 $276,999 $285,309 $293,868 $302,685 $311,765 $321,118 $330,752 $340,674 $350,894 $361,421 $372,264 $383,432 $5,199,757
$5,973,549 $6,969,141 $8,203,674 $8,449,784 $8,703,278 $8,964,376 $9,233,308 $9,510,307 $9,795,616 $10,089,484 $10,392,169 $10,703,934 $11,025,052 $11,355,804 $11,696,478 $12,047,372 $12,408,793 $12,781,057 $13,164,489 $185,494,115
2,025,798 1,970,476 1,911,155 1,847,546 1,779,318 1,706,199 1,627,773 1,543,678 1,453,504 1,356,810 1,253,127 1,141,949 1,022,733 894,900 757,825 610,841 453,232 284,229 103,009 25,821,493
765,277 820,599 879,920 943,530 1,011,737 1,084,876 1,163,302 1,247,397 1,337,572 1,434,265 1,537,948 1,649,126 1,768,342 1,896,175 2,033,250 2,180,234 2,337,843 2,506,846 2,688,067 29,999,991
716,826 836,297 984,441 1,013,974 1,044,393 1,075,725 1,107,997 1,141,237 1,175,474 1,210,738 1,247,060 1,284,472 1,323,006 1,362,696 1,403,577 1,445,685 1,489,055 1,533,727 1,579,739 23,215,062
864,844 1,014,750 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 1,153,125 21,771,000
119,471 139,383 164,073 168,996 174,066 179,288 184,666 190,206 195,912 201,790 207,843 214,079 220,501 227,116 233,930 240,947 248,176 255,621 263,290 3,869,177
4,492,216 4,781,505 5,092,714 5,127,171 5,162,639 5,199,213 5,236,863 5,275,643 5,315,587 5,356,728 5,399,104 5,442,751 5,487,707 5,534,013 5,581,707 5,630,832 5,681,431 5,733,548 5,787,229 104,676,723
1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 1,077,480 21,549,600
119,471 139,383 159,295 164,073 168,996 174,066 179,288 184,666 190,206 195,912 201,790 207,843 214,079 220,501 227,116 233,930 240,947 248,176 255,621 3,765,182
477,884 557,531 656,294 675,983 696,262 717,150 738,665 760,825 783,649 807,159 831,374 856,315 882,004 908,464 935,718 963,790 992,703 1,022,485 1,053,159 15,476,708
119,471 139,383 164,073 168,996 174,066 179,288 184,666 190,206 195,912 201,790 207,843 214,079 220,501 227,116 233,930 240,947 248,176 255,621 263,290 3,869,177
1,794,306 1,913,777 2,057,142 2,086,532 2,116,803 2,147,983 2,180,098 2,213,177 2,247,248 2,282,341 2,318,487 2,355,717 2,394,064 2,433,561 2,474,244 2,516,147 2,559,307 2,603,762 2,649,550 44,660,667
6,286,521 6,695,282 7,149,856 7,213,703 7,279,442 7,347,196 7,416,961 7,488,820 7,562,835 7,639,069 7,717,590 7,798,468 7,881,771 7,967,574 8,055,951 8,146,979 8,240,738 8,337,310 8,436,779 149,337,389
(312,972) 273,859 1,053,818 1,236,082 1,423,836 1,617,180 1,816,346 2,021,487 2,232,781 2,450,416 2,674,579 2,905,466 3,143,281 3,388,230 3,640,527 3,900,393 4,168,055 4,443,747 4,727,709 36,156,726
-5% 4% 13% 15% 16% 18% 20% 21% 23% 24% 26% 27% 29% 30% 31% 32% 34% 35% 36% 19%
5,973,549 6,969,141 8,203,674 8,449,784 8,703,278 8,964,376 9,233,308 9,510,307 9,795,616 10,089,484 10,392,169 10,703,934 11,025,052 11,355,804 11,696,478 12,047,372 12,408,793 12,781,057 13,164,489 193,458,847
2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 2,791,076 55,821,520
836,297 975,680 1,148,514 1,182,970 1,218,459 1,255,013 1,292,663 1,331,443 1,371,386 1,412,528 1,454,904 1,498,551 1,543,507 1,589,813 1,637,507 1,686,632 1,737,231 1,789,348 1,843,028 27,084,239
1,794,306 1,913,777 2,057,142 2,086,532 2,116,803 2,147,983 2,180,098 2,213,177 2,247,248 2,282,341 2,318,487 2,355,717 2,394,064 2,433,561 2,474,244 2,516,147 2,559,307 2,603,762 2,649,550 44,660,667
5,421,679 5,680,533 5,996,732 6,060,578 6,126,338 6,194,072 6,263,837 6,335,696 6,409,710 6,485,945 6,564,466 6,645,344 6,728,647 6,814,450 6,902,827 6,993,855 7,087,614 7,184,186 7,283,654 127,566,425
551,870 1,288,608 2,206,942 2,389,207 2,576,940 2,770,304 2,969,470 3,174,611 3,385,906 3,603,540 3,827,703 4,058,590 4,296,405 4,541,354 4,793,651 5,053,517 5,321,179 5,596,871 5,880,834 65,892,422
9% 18% 27% 28% 30% 31% 32% 33% 35% 36% 37% 38% 39% 40% 41% 42% 43% 44% 45% 34%
1,542,419 2,094,289 3,382,897 5,589,839 7,979,045 10,555,985 13,326,289 16,295,759 19,470,370 22,856,276 26,459,816 30,287,519 34,346,109 38,642,514 43,183,868 47,977,519 53,031,036 58,352,215 63,949,087
2,094,289 3,382,897 5,589,839 7,979,045 10,555,985 13,326,289 16,295,759 19,470,370 22,856,276 26,459,816 30,287,519 34,346,109 38,642,514 43,183,868 47,977,519 53,031,036 58,352,215 63,949,087 69,829,921
215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 215,496 4,309,920
23,894 27,877 31,859 32,815 33,799 34,813 35,858 36,933 38,041 39,182 40,358 41,569 42,816 44,100 45,423 46,786 48,189 49,635 51,124 753,036
477,884 557,531 656,294 675,983 696,262 717,150 738,665 760,825 783,649 807,159 831,374 856,315 882,004 908,464 935,718 963,790 992,703 1,022,485 1,053,159 15,476,708
(312,972) 273,859 1,053,818 1,236,082 1,423,836 1,617,180 1,816,346 2,021,487 2,232,781 2,450,416 2,674,579 2,905,466 3,143,281 3,388,230 3,640,527 3,900,393 4,168,055 4,443,747 4,727,709 44,121,458
404,302 1,074,763 1,957,467 2,160,375 2,369,393 2,584,640 2,806,364 3,034,741 3,269,967 3,512,253 3,761,806 4,018,846 4,283,597 4,556,290 4,837,164 5,126,465 5,424,444 5,731,363 6,047,489 64,661,122
7% 15% 24% 26% 27% 29% 30% 32% 33% 35% 36% 38% 39% 40% 41% 43% 44% 45% 46% 35%
According to the PR from 6-17, the original unit has been tested and up and running for 5 years. One would assume this unit is ready to deploy to a site to start generating revenue immediately.
Threw the clip out there as a curiosity.
President of GDT Tek Bo Linton stated, "We have structured our project financing as a debt instrument to minimize shareholder dilution.
GDTK news.
GDT Tek Receives Business Interruption Insurance From Willis Insurance Services for Its Green Electricity Projects
ORLANDO, FL, Aug 31, 2010 (MARKETWIRE via COMTEX) -- GDT Tek (PINKSHEETS: GDTK) today announced that the company has been issued business interruption insurance from Willis Insurance Services of California, part of Willis Holding Group, trading on the NYSE as WSE, to cover business expenses in the event one of its green electricity installations goes offline. Management's decision was to acquire the business interruption insurance as a cash-flow failsafe for its business expansion and current operations.
President of GDT Tek Bo Linton stated, "We have structured our project financing as a debt instrument to minimize shareholder dilution. Willis Insurance Services is one of the top three insurance companies in the world. Our policy with them assures company cash-flow in the unlikely event that one of our systems is offline and not able to generate revenue. Although we have not had a shut down failure in 5 years, it is possible that a facility could be shut down from acts of God or other circumstances beyond our control."
Linton further stated, "The GDT Tek team is pleased that Willis Insurance Services views GDT Tek as a safe bet to insure. Willis is a very successful company listed on the NYSE, they have done their diligence on GDT Tek and are banking on our success."
Rick Wright, Vice President, Willis Insurance Services of California stated that "Due to the integrity, business plan and safety measures undertaken by GDT Tek, we feel confident that this will be a very successful operation and we are looking forward to increasing their insurance coverage as GDT Tek clients needs grow."
About GDT Tek
GDT TEK, INC. is an Orlando, Florida-based publicly traded company (PINKSHEETS: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT TEK's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT TEK system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT TEK system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT TEK system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT TEK's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
About RTR Global Investments
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
Willis Insurance Services
Willis Insurance Services is part of Willis Group Holdings, which is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.
GDT TEK, INC.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:
Investor Relations
info@gdttek.com
SOURCE: GDT Tek
CONTACT: mailto:info@gdttek.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Equipment
Energy and Utilities:Alternative Energy
Environment:Waste Management
Energy and Utilities:Utilities
GDT Tek Receives Business Interruption Insurance From Willis Insurance Services for Its Green Electricity Projects
ORLANDO, FL, Aug 31, 2010 (MARKETWIRE via COMTEX) -- GDT Tek (PINKSHEETS: GDTK) today announced that the company has been issued business interruption insurance from Willis Insurance Services of California, part of Willis Holding Group, trading on the NYSE as WSE, to cover business expenses in the event one of its green electricity installations goes offline. Management's decision was to acquire the business interruption insurance as a cash-flow failsafe for its business expansion and current operations.
President of GDT Tek Bo Linton stated, "We have structured our project financing as a debt instrument to minimize shareholder dilution. Willis Insurance Services is one of the top three insurance companies in the world. Our policy with them assures company cash-flow in the unlikely event that one of our systems is offline and not able to generate revenue. Although we have not had a shut down failure in 5 years, it is possible that a facility could be shut down from acts of God or other circumstances beyond our control."
Linton further stated, "The GDT Tek team is pleased that Willis Insurance Services views GDT Tek as a safe bet to insure. Willis is a very successful company listed on the NYSE, they have done their diligence on GDT Tek and are banking on our success."
Rick Wright, Vice President, Willis Insurance Services of California stated that "Due to the integrity, business plan and safety measures undertaken by GDT Tek, we feel confident that this will be a very successful operation and we are looking forward to increasing their insurance coverage as GDT Tek clients needs grow."
About GDT Tek
GDT TEK, INC. is an Orlando, Florida-based publicly traded company (PINKSHEETS: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT TEK's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT TEK system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT TEK system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT TEK system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT TEK's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
About RTR Global Investments
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
Willis Insurance Services
Willis Insurance Services is part of Willis Group Holdings, which is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.
GDT TEK, INC.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:
Investor Relations
info@gdttek.com
SOURCE: GDT Tek
CONTACT: mailto:info@gdttek.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Equipment
Energy and Utilities:Alternative Energy
Environment:Waste Management
Energy and Utilities:Utilities
They need to figure out the share structure imo. Starting to hear institutional buying rumors FWIW. I don’t put much stock in those though.
So they’re waiting for another MM to quote them a price? Or would they take a retail offer? either? all? This is obviously for something huge right? Like a billion, maybe more?
Interesting.
English please! LOL
Depends on how they correct the share structure. GLTU
Anyone else watch the new episode of Money TV? The new pres. says the financing will prevent any further dilution of the stock. I guess we’ll see.
http://www.moneytv.net/newsletter.htm
Lets do it
GDTK finally ready to do something?
http://www.otcmarkets.com/stock/GDTK/news
GDT TEK, INC. Engages Janco Partners' Investment Banking Arm for Capital Raise
ORLANDO, FL, Aug 26, 2010 (MARKETWIRE via COMTEX) -- GDT TEK, Inc. (PINKSHEETS: GDTK) announced today that it has formally engaged Denver-based investment banking firm Janco Partners, Inc. to assist in the capital raise of $100 million debt secured by the PPA's. The proceeds will be used for growth, expansion and the commercial implementation of GDT TEK's green technologies which uses "Waste Heat to Produce Electricity." GDT TEK has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Properties, (PG&E) which will be the first location for the deployment of that technology.
"This collaboration between GDT TEK and Janco Partners is an instrumental step forward towards helping us service the growing demand for a long term green sustainable energy source within the United States and around the world," said Al Reda CEO GDT TEK, INC. "This capital raise eliminates the need for funds from other sources and provides the Company a growth plan based upon debt and not equity."
"We look forward to assisting GDT TEK with their capital raise efforts and towards working with this dynamic group of professionals who are helping to solve the US and the world's energy issues," said Brad Parobek, Investment Banker Janco Partners.
For more information on GDT TEK, INC. capital raise, please contact Brad Parobek at Janco Partners at 303-770-3200.
About GDT TEK, INC.
GDT TEK, INC. trades on the (PINKSHEETS: GDTK). GDT TEK's mission is to use Green Technology (clean technology) to conserve the natural environment and resources in order to curb the negative impacts of humans on the environment. GDT TEK will do this with the patented "Waste Heat to Electric Power Generation Technology" to produce Renewable Energy. Renewable Energy is energy that is created by improving efficiencies on current fossil fuels processes or from non-fossil fuel based sources like bio-mass, sun, wind, water etc, as a means of producing energy.
GDT TEK would like to announce that Bo Linton who has many years in the green technologies industry is now the new President of GDT TEK, Inc.
GDT TEK would also like to announce that Ralf Horn the creator of the patented "Waste Heat to Electric Power Generation Technology" will remain as President of the newly acquired subsidiary of RTR Global Investments LLC.
GDT TEK, Inc website is www.gdttek.com which is in the process of being updated; please sign up for our newsletter for future information about the company.
About Janco Partners Investment Banking:
Janco Partners' investment banking group specializes in providing capital raising and mergers and acquisitions advisory services. We have a long history of successfully organizing a competitive process that produces the best price and terms for our clients' transactions. Our success stems from our substantial legal and financial expertise in negotiating and closing transactions, our unsurpassed knowledge of market conditions and valuation parameters impacting our clients' companies, and our ability to access our vast network of business relationships.
Janco Partners arranges financing of $3 - $150 million for companies seeking capital for growth or expansion. We also provide sell side and buy side mergers and acquisitions advisory services. Our expertise in telecommunications, technology, cable television, media, entertainment, energy and related industries provides us with unique access to strategic investors, buyers and sellers in each vertical. Our extensive list of institutional contacts provides clients with unparalleled access to investors with deep knowledge of our clients' businesses.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
For more information please contact:
GDT TEK, INC.
Investor Relations
407-574-4740
info@gdttek.com
SOURCE: GDT TEK, INC.
CONTACT: mailto:info@gdttek.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Equipment
Environment:Waste Management
Energy and Utilities:Utilities
Energy and Utilities:Alternative Energy
If Al Reda is really handing the reins over to someone else who knows what they’re doing, than this is as big of news as anyone could ask for. I doubt they’re looking for 100 mil in a lump sum, but rather a figure to be spread out over a number of years IMO.
So Bo Linton was President of a 2007 Green Energy startup that recently posted it first ever profitable quarter. Not too shabby.
http://ir.stockpr.com/magnegas/company-news/detail/433/key-milestone-magnegas-announces-first-profitable-quarter
http://peswiki.com/index.php/Directory:MagneGas
New President of GDT TEK, Inc.
GDT TEK would like to announce that Bo Linton who has many years in the green technologies industry is now the new President of GDT TEK, Inc.
http://www.gdttek.com/press-08-26-10.php
Doesn’t something like this merit its own press release?
GDT TEK, INC. Engages Janco Partners’ Investment Banking Arm
for Capital Raise.
Orlando FL: GDT TEK, Inc. [OTC: GDTK] announced today that it has formally engaged Denver-based investment banking firm Janco Partners, Inc. to assist in the capital raise of $100 million dollars. The proceeds will be used for growth, expansion and the commercial implementation of GDT TEK’s green technologies which uses “Waste Heat to Produce Electricity”. GDT TEK has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Properties, (PG&E) which will be the first location for the deployment of that technology.
“This collaboration between GDT TEK and Janco Partners is an instrumental step forward towards helping us service the growing demand for a long term green sustainable energy source within the United States and around the world” said Al Reda CEO GDT TEK, INC. “This capital raise eliminates the need for funds from other sources and provides the Company a growth plan based upon debt and not equity.”
“We look forward to assisting GDT TEK with their capital raise efforts and towards working with this dynamic group of professionals who are helping to solve the US and the world’s energy issues” said Brad Parobek, Investment Banker Janco Partners.
For more information on GDT TEK, INC. capital raise, please contact Brad Parobek at Janco Partners at 303-770-3200.
About GDT TEK, INC.
GDT TEK, INC. trades on the (OTC: GDTK). GDT TEK’s mission is to use Green Technology (clean technology) to conserve the natural environment and resources in order to curb the negative impacts of humans on the environment. GDT TEK will do this with the patented “Waste Heat to Electric Power Generation Technology” to produce Renewable Energy. Renewable Energy is energy that is created by improving efficiencies on current fossil fuels processes or from non-fossil fuel based sources like bio-mass, sun, wind, water etc, as a means of producing energy.
GDT TEK would like to announce that Bo Linton who has many years in the green technologies industry is now the new President of GDT TEK, Inc.,
GDT TEK would also like to announce that Ralf Horn the creator of the patented “Waste Heat to Electric Power Generation Technology” will remain as President of the newly acquired subsidiary of RTR Global Investments LLC.
GDT TEK, Inc website is www.gdttek.com which is in the process of being updated; please sign up for our newsletter for future information about the company.
About Janco Partners Investment Banking:
Janco Partners’ investment banking group specializes in providing capital raising and mergers and acquisitions advisory services. We have a long history of successfully organizing a competitive process that produces the best price and terms for our clients’ transactions. Our success stems from our substantial legal and financial expertise in negotiating and closing transactions, our unsurpassed knowledge of market conditions and valuation parameters impacting our clients’ companies, and our ability to access our vast network of business relationships.
Janco Partners arranges financing of $3 - $150 million for companies seeking capital for growth or expansion. We also provide sell side and buy side mergers and acquisitions advisory services. Our expertise in telecommunications, technology, cable television, media, entertainment, energy and related industries provides us with unique access to strategic investors, buyers and sellers in each vertical. Our extensive list of institutional contacts provides clients with unparalleled access to investors with deep knowledge of our clients’ businesses
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," “expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
For more information please contact Investor Relations at 407-574-4740 or via email at info@gdttek.com
Post no. 13343 sums it up best imo.
Mornin DG, what brings you by? Is it Aktivation Time?
Yeah man, I hope the folks over at GDTK are taking notice. They’re looking like they don’t know their next move.
When?
What’d they say?