LARGO, Fla., July 30, 2012 /PRNewswire/ -- GDT Tek, Inc., (OTC: GDTK) announced today that based on information supplied to us by DTCC, our counsel was able to prepare an opinion that satisfied DTCC'S concerns about our common stock. DTCC has informed us the deposit chill will be lifted by Tuesday July 31, 2012. As soon as the deposit chill is lifted we will withdraw our petition with the SEC.
The Company wishes to thank, Laura Cataldo of Platinum Stock Transfer, the Company's Stock Transfer agent for the extraordinary effort made by Ms. Cataldo researching and locating the documents required to respond to question posed by DTCC.
The Company also wants to thanks the Company's attorney Simon Kogan ESQ for the expeditious and professional manner in which Mr. Kogan was able to resolve this matter with DTCC.
"Platinum Stock Transfer's Laura Cataldo and our Attorney Simon Kogan deserve all the credit for the favorable resolution achieved with DTCC. And we also wish to thank the individuals at DTCC for their great effort in resolving this matter," stated GDTK's President Bo Linton, "it is also gratifying that this matter was quickly resolved thereby allowing the Company to get back to the business of deploying its Green Energy Solutions."
About Platinum Stock Transfer, Inc., President of PST, Laura Cataldo began her 17-year career with Bear Stearns in 1978 as a Personal Assistant. Throughout those years, she advanced to Futures Margin Manager, Registered Equity and Futures Broker and Futures Department Manager. Laura held a stock broker's license for 13 years. Ms. Cataldo was the first female inducted into the elite Million Dollar Producer Club. She is a two time recipient of the Trader of the Year awarded by COMEX. After seeing the direction the industry was taking, Ms. Cataldo left brokerage to pursue other avenues of business leading to her relocation to Arizona in 2002 where she began her second career in the less volatile arena of stock transfer. Ms. Cataldo was the Executive Vice President, Director of Operations and a member of the Board of Directors of a Phoenix based stock transfer agency for five and one half years.
Please visit Platinum Stock Transfer website www.platinumstocktransfer.com
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About Simon Kogan ESQ is a senior litigator with over 20 years experience in complex cases from inception to trial and beyond. He has personally managed dozens of arbitration and related matters for both brokers and public customers and generated over $400,000 per year in annual billings. Mr. Kogan has a long history as a partner in boutique securities firm where he developed and maintained the firm's intranet and use of technology for litigation support. Through his private practice and in cooperation with other lawyers, Mr. Kogan handles civil litigation and private securities matters, including private placements and reverse mergers. From 1993-95, Mr. Kogan taught legal writing as an Adjunct Professor of Law at New York Law School.
For Mr. Kogan's website please go to http://mysite.verizon.net/vzexoxyk/simonskoganesqattorneyatlaw/
To contact via email firstname.lastname@example.org or via phone 718-984-3789
About GDT TEK, Inc.: is a Florida-based publicly traded company (OTC: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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SOURCE GDT Tek, Inc.