Notyet pr'd: Shell purchase 1.6MILLION a/s 1.2million o/s
CTKH
May, 2014 – CETEK TECNOLOGIES INC.’s (Pink Sheet symbol CTKH) Founder
and CEO Mr. Fayiz Hilal makes the following important shareholder update and
letter of appreciation to his many supporting shareholders, both past and present.
Dear Shareholders:
I began Cetek Technologies, Inc. In 1989, and since 1998 when we went public, it has been my privilege to have your support and of thousands of others as we went about pursuing the highest quality ceramic product in the industry. We have had a long road together, not always succeeding in our goals and objectives, but always striving to deliver superior products that we would be proud of to our customers around the world.
However, now I have reached the point in my career that requires making a
significant change in direction. In so far as the controlling voting equity interest of the public entity, which I hold, I have made the decision to transfer control of the corporation to a new party. We have signed an agreement that transfers controlling interest in the corporation and its shareholder base to another corporation which is expected to introduce themselves to you in due course.
The closing of the change of control was subject to several contingencies, which included FINRA’s approval of a 6,000 to 1 reverse stock split which was effective April 21, 2014 and the filing on OTC Pink of an Information Statement as of December 31, 2013 which was made on April 21, 2014.
The business and assets of Cetek Technologies, along with the subsidiaries will be transferred to a private corporation which I will begin to form.
I am grateful to have had the opportunity to serve as your CEO over the past
many years and thank you for the trust and support you provided. It has
been a gratifying experience and as I say farewell to the many shareholders,
please know that I am humbled to have had your interest and advocacy in our success
