Energtek Announces Increased Revenues in Second Quarter
- Increase of more than 10% in 2013 Q2 Revenues compared to Q1.
NEW YORK, July 23, 2013 /PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, has announced today that the revenues to be reported for the second quarter are at least 10% higher than the first quarter revenues.
Energtek expects to achieve $10,000,000 in revenues during 2013, a goal that previously was expected to be achieved only by 2014!
The revenues are mainly derived from Energtek's subsidiary in Bosnia and Herzegovina – Energtek Herz d.o.o. Mostar. Energtek Herz has been consistently delivering natural gas, with a steady increase in the quantities being supplied.
"We are very glad to announce that we continue on the right track, with increased revenues in shorter time tables than expected," said Michael Greenfield, Treasurer of Energtek. "We are proud to continue working towards fulfillment of goals that met profound skepticism when first presented to the market," he added.
Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved on oil and gas exploration in Israel. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit www.energtek.com
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and other matters set in Energtek's filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Energtek Inc.
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