NEW YORK, July 9, 2015 /PRNewswire/ -- Energtek Inc. (OTC BB: EGTK), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that Marshall Cogan has joined the Board of Directors of Energtek and will serve as Vice Chairman and Head of the Financial Committee.
Marshall S. Cogan is an experienced investor, entrepreneur, former financier and trader. Mr. Cogan was the founder of United Automotive Group, which he built into one of the largest retailers of cars and trucks in the U.S. He was also a partner of Cogan, Berlind, Weill & Levitt, an investment banking and brokerage firm that would be instrumental in the consolidation of the financial services industry.
In recent years, Marshall has put his efforts in the auto industry abroad. With extensive international business experience under his belt, Marshall has been shaping the industry in China and now intends to address his experience in transforming the auto dealership industry in Brazil.
Mr. Cogan received an MBA from the Harvard University School of Business Administration as well as an undergraduate degree from Harvard College.
"The inclusion of Marshall Cogan not only strengthens our board, but his vast experience and connections in the United States will help Energtek as it launches its first projects in Vermont and elsewhere. We welcome his financial prowess and proven track record in helping companies grow and become profitable," said Mr. Eliezer (Moodi) Sandberg, Chairman of the Board.
Mr. Cogan commented, "I am pleased to assist Energtek in transforming the CNG mobile industry to lower consumer costs and provide a non-toxic solution simultaneously."
Energtek develops and applies innovative mobile transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles (NGV). Energtek operates subsidiaries in North America, Europe and Asia.
To learn more about Energtek, visit the newly revamped website: 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.