Energtek Reports Additional Financing of $500K First Round of 2014 Fundraising by means of Convertible Bonds Completed
NEW YORK, April 10, 2014 /PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, reports today that as of the beginning of April 2014, it has successfully raised more than $500K in convertible bonds offered to U.S. investors.
"We are pleased that our new emphasis on the North American market has been met with enthusiasm by U.S. investors who have signed bond purchase agreements and transferred funds to our account," said Michael Greenfield, Treasurer of Energtek Inc. "We believe the second round will be completed by the end of the second quarter of 2014, giving the company the necessary funds to further its business development goals in the U.S."
Energtek develops and applies innovative mobile transportation solutions for industrial consumers and fleets of small vehicles. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit the newly revamped website: 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.