PRPM bout to make $$$ Look inside!
ProTek Capital Announces LOI to Acquire MotoVox® Small Engine and Power Sport Products Manufacturer With Approximately $12 Million In Annual Revenue
DALLAS, August 15, 2013 -- ProTek Capital, Inc. (OTC Pink: PRPM) (“ProTek”) today announced entering into a Letter of Intent (LOI) agreement to acquire APT Group, Inc. (APT), a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products.
APT Group, Inc., (“APT”) is a Missouri registered corporation headquartered in Kansas City, MO and the holding company for the MotoVox® product line and SmartCarb® patented carburetor technology lines.
MotoVox® has become the fastest growing brand of small power-sport products in the world within it’s consumer price point of between $350 and $1,000. Founded in 2010, APT’s MotoVox® sales began in 2011, ending the year with nearly $6 million in revenue. In 2012, APT sold over 55,000 MotoVox® units, at an average price point of $350 per unit, through the major national “big box” and regional retailers. In 2012, MotoVox® sales volume more than doubled and management anticipates continued sales growth and market penetration in both the USA and overseas. 2013 will be a transition year for MotoVox® as management fortifies the Company’s already well-established foundation to capture dominating market share and establish the MotoVox® brand as a household name.