LARGO, Fla., April 26, 2012 /PRNewswire/ -- GDT Tek, Inc. (OTC: GDTK) President Bo Linton announced today that GDTK has executed a term sheet with WESTOR Capital Group, Inc., to arrange a $350,000 loan to finish the installation of the 150KW PHOENIX UNIT at the Dreisbach "Site" at Moss Landing, California.
Mr. Linton, President stated, "This is an exciting time for the Company. Upon completion of this offering we will have the funds to complete the installation of the 150 KW PHOENIX ORC and have it operational within 3 months. I also want to state that it is a pleasure working with Mr. Bach, President of WESTOR Capital Group, Inc."
Mr. Bach, President stated, "Westor is excited to be involved with GDTK and its green technologies for renewable energy. We seek out emerging growth companies with great potential."
About WESTOR Capital Group, Inc.: Westor Capital Group's mission is to assist emerging growth companies and the institutional investors that follow them achieve success. Westor structures and arranges equity and debt financings for public companies, provides equity trading and execution for institutional and private clients, and offers comprehensive retail brokerage services.
Our seasoned professionals possess extensive experience in structuring and executing public and private transactions. Westor Capital has established a large and diverse network of funding sources by providing attractive and timely investment opportunities for its clients.
Please visit our Website at http://www.westorcapital.com/
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. It 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.
Steriwave-GDT Tek LTD is a JV company with Steriwave Hungary LTD and is 50% owned subsidiary of GDT Tek. Steriwave-GDT Tek holds the ownership of the American Canyon Landfill project and has filed a patent application for a system that safely removes and captures methane hydrates from undersea reserves. Steriwave Startec LTD core competencies are in the design and realization of industrial prototypes of devices with ultrasonic sonotrode.
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.