GDT Tek, Inc. subsidiary DHS 2 LLC members are Eligible for $1,500,000 in Federal Tax Credits Reduces the Number of GDT Tek, Inc. Common Stock Issued
LARGO, Fla., June 21, 2012 /PRNewswire/ -- GDT Tek, Inc. (OTC: GDTK) announced today that its subsidiary DHS 2 LLC had acquired two Blocks of Common Stock totaling 500,000 shares. DHS 2 LLC will return these shares to GDT Tek, Inc. for cancellation thereby reducing the number of Common Stock issued and outstanding. These transactions were filed several weeks ago in two separate 8Ks. The shares were exchanged for 50 DHS 2 LLC membership interests which is equivalent to $250,000.
The Members of DHS 2 LLC will be eligible for Federal tax credits and possibly State tax credits depending where the Member resides. The current Federal tax credits are approximately 30% of the amount invested plus the investor will receive its principal investment and profit earned over the 5 year term of the investment.
The Reg. D offering which was filed a few days ago for a $5,000,000 capital raise which will allow the DHS 2 LLC to deploy 8 additional Phoenix units which generate electricity from low grade heat.
To better understand how the Phoenix generates electricity from heat you should review the YouTube video at http://wwyoutubew..com/watch?v=ZcJlbYSYIPE&feature=youtu.be,
Mr. Linton President stated, "DHS 2 LLC's Reg. D offering will give investors the ability to directly invest in the company's growth and success. Rather than just merely speculating on a stock, the investor can now have his investment used directly to build something good for the world- clean electricity generation. This way the money will be used to grow the company, not just buy out somebody else's position."
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.
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.
SOURCE GDT Tek, Inc.