ProTek Capital Inc (PRPM)

[knight247]

200 South Andrews Ave.
Suite 703B
Fort Lauderdale, FL 33301
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]
November 10, 2012
OTC Markets Group, Inc.
304 Hudson Street, Second Floor
New York, New York 10013
Re: Protek Capital Inc.
Opinion of Counsel regarding Adequate Current Information and
Continuing Disclosure Requirements for period ending July 30, 2012
Dear Sir or Madam:
This firm has acted as legal counsel for Protek Capital Inc. (Protek or the "Company"), and has
been retained for the purpose of preparing this Opinion of Counsel, applying the applicable laws
of the United States, regarding its corporate operations and level of disclosure of corporate
information with regard to the OTC Markets Disclosure Guidelines.
In the course of preparing this opinion, counsel has reviewed the following documents relating to
the Company (together with the date they were posted through the OTC Disclosure and News
Service, if applicable):
• Articles of Incorporation (posted September 14, 2009, June 24, 2011);
• By-Laws (posted September 14, 2009);
• Initial Company Disclosure Statement (posted October 31, 2012)
• Annual Report (posted October 31, 2012 for the Year Ended January 31, 2012)
• Quarterly Report (posted October 31, 2012 for the Quarter Ended July 31, 2012)
• Other related corporate information as were necessary and provided by the
corporation’s management for the purposes of this letter.
Additionally, counsel has personally met with management and a majority of the directors of the
Company.
The opinions and conclusions contained in this Opinion Letter are based upon documentation
and facts made available to this firm, and are solely based on the accuracy of those documents
and facts. Further, counsel has reviewed all prior disclosures posted by Protek with OTC
Disclosure and News Service, as amended. All such information is believed to be accurate and
reliable. In the event that the facts and information in any or all of such documents are
determined not to be true, this opinion is rescinded to and to be deemed null and void. Counsel
has discussed the above documentation, and the underlying assumptions this firm is relying
upon, with the management of the corporation.
The Company has 4,000,000,000 (Four Billion) authorized shares par value $.0001 of
which 3,027,218,472 shares of common stock issued and outstanding as of the date hereof. The
Company is authorized to issue 2,010,000 shares of preferred stock, par value $1, 810,000 shares
outstanding, the rights, privileges, and preferences of which may be set by the Board of Directors
without further shareholder approval.
The party responsible for the preparation of the unaudited financial statements of Protek:
Edward Vakser, Chief Executive Officer, Chairman of the Board of Directors.
For the past 24 years, Edward Vakser has been involved in a multitude of enterprises including
owning the second largest staging company in North Texas. He has been awarded several growth
and performance industry awards and has produced some of the largest Corporate,
Entertainment, and Direct Marketing Industries' events. For over 11 years, Mr. Vakser has been
working on several intellectual property concepts including Artfest International, Inc., The Art
Channel, the Presley Estate, Wrestling, Ultimate Fighting and Extreme Sports, along with a
multitude of art, recording, and performing artists. Mr. Vakser, one of the co-founders of The Art
Channel, created Art Channel as a new network featuring all things creative providing an avenue
to promote artists and their art, to sell high quality reproduction Giclée art and collectibles, and
to provide a proven art collection business opportunity system while delivering true
entertainment and educational values. Mr. Vakser brings marketing, broadcast television,
technological, and financial expertise to enhance and complete the Starfest Direct business plan
and opportunity. Currently, he has been focused on launching Starfest Direct, expanding The Art
Channel Network and Art Channel Galleries businesses, and increasing Artfest International, Inc.
shareholder value while bringing a unique direct business plan with unlimited growth
opportunity to the Starfest Direct dealers.
The Company's Transfer Agent is:
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: [phone]
An inquiry to the transfer agent was the source of confirmation of the Protek shares outstanding.
Additionally, a search of the SEC's EDGAR system confirmed that Standard is a registered
transfer agent.
Further, to inquiry of management and directors of the corporation, to the best of this firm’s
knowledge, neither Protek nor any person or entity holding at least five percent (5%) of the
corporation’s stock is currently under investigation by any federal or state regulatory authority
for any violation of federal or state securities law.
No person or entity other than OTC Markets Group is entitled to rely upon this opinion. OTC
Markets Groups, however, is granted full and complete permission and rights to publish this
document via the’ OTC Disclosure and News Service for viewing by the general public and
regulators. The public and OTC Markets Group may rely on the above in determining whether
Protek has made adequate current information publicly available within the meaning of Rule
144(c)(2) of the Securities Act of 1933. However, the information which has been posted via
OTC Disclosure and News Service constitutes adequate current public information, is available
within the meaning of S.E.C. Rule 144(c)(2) of the Securities Act, includes all the information
that a broker-dealer would be required to obtain from an issuer in order to publish a quotation for
its securities pursuant to Rule 15c2-11 under the Securities Exchange Act of 1934, and complies
as to form with the OTC Markets Guidelines for Providing Adequate Current Information.
The author of this letter has been admitted to practice in the State of Florida and is resident of the
United States. Counsel is permitted to practice before the Securities and Exchange Commission
and has not been prohibited from practice thereunder.
Very Truly Yours,
JONATHAN D. LEINWAND, P.A.
By:____________________________
Jonathan D. Leinwand,