Energtek Subsidiary Begins Conversion of Client's Main Production Facility in Bosnia

NEW YORK, June 29, 2011 /PRNewswire/ --

Natural Gas Conversion and Supply Contracts Expected
to Yield $10M in Annual Revenues

Energtek Inc. (Pink Sheets: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that the company's subsidiary Energtek Herz d.o.o. Mostar has started the natural gas conversion of Aluminij d.d. Mostar's (http://www.aluminij.ba) anode production plant. 

The anode production plant, required for the making of aluminum is the main facility to be provided with natural gas as part of a 10-year ongoing energy supply contract recently signed with Energtek Herz.  Contracts signed in the region are expected to yield annual revenues of $10,000,000.

The conversion of the Aluminij anode production facility is expected to be completed within several months.

As part of the conversion process, Energtek Herz has entered into a major service provider agreement with the German company Innovatherm GMBH (http://www.innovatherm.de).    Innovatherm GmbH is a leading provider of control systems for anode baking furnaces.  The natural gas conversion of the Aluminij anode production plant will be jointly performed by  Energtek and Innovatherm.

"Energtek is pleased to have initiated major conversion of Aluminij d.d. Mostar's production facility," said Prof. Yuri Ginzburg, CTO of Energtek. "Our cooperation with Innovatherm guarantees that all of the requirements of our client Aluminij will be appropriately met. Our company is dedicated to completing all the infrastructure requirements in the shortest possible timeframe."

"Initiation of this project is a major step for Energtek Herz, which is quickly establishing itself as a supplier of energy and conversion systems for industrial consumers in the region," Ginzburg added.

About Energtek (EGTK)

Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles.  The company is also involved with oil and gas exploration in Israel.  Energtek operates subsidiaries in North America, Europe, Asia and the Middle East.  To learn more about Energtek, visit http://www.energtek.com.

Forward-Looking Statements

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.

Contacts:
Investor Relations
[email protected]
+1-212-999-6202

SOURCE Energtek Inc.