Energtek (USA) Purchases Land in Swanton, Vermont Advantageous Location for Construction of Filling Station
NEW YORK, May 15, 2014 /PRNewswire/ --
Energtek Inc. (OTC: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that its subsidiary in the USA, Energtek North Country Inc. (NCI) has purchased land in Swanton, Vermont, for construction of its regional distribution facilities.
"We are happy to announce that Energtek NCI has purchased land from the town of Swanton, Vermont," said CEO Energtek NCI Dr. Timothy Nulty.
Dr. Nulty expounded: "We have taken another major step forward towards the start of operations in Vermont, New England and New York State - where there are many areas not served by gas pipelines. The location chosen for our first filling station has several advantages:
- A major supply pipeline runs through the land
- There is an exit to a major highway
- Access to the cheapest power (rates) in the State of Vermont
- Within a radius of 50 miles there are many end-users who wish to convert to natural gas.
Energtek develops and applies innovative mobile transportation solutions for industrial consumers and fleets of small vehicles. Energtek operates subsidiaries in North America, Europe and Asia.
To learn more about Energtek, visit the newly revamped website: http://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.