SOURCE: GDT TEK, INC.

August 26, 2010 16:03 ET

GDT TEK, INC. Engages Janco Partners' Investment Banking Arm for Capital Raise

ORLANDO, FL--(Marketwire - August 26, 2010) -  GDT TEK, Inc. (PINKSHEETS: GDTK) announced today that it has formally engaged Denver-based investment banking firm Janco Partners, Inc. to assist in the capital raise of $100 million debt secured by the PPA's. The proceeds will be used for growth, expansion and the commercial implementation of GDT TEK's green technologies which uses "Waste Heat to Produce Electricity." GDT TEK has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Properties, (PG&E) which will be the first location for the deployment of that technology.

"This collaboration between GDT TEK and Janco Partners is an instrumental step forward towards helping us service the growing demand for a long term green sustainable energy source within the United States and around the world," said Al Reda CEO GDT TEK, INC. "This capital raise eliminates the need for funds from other sources and provides the Company a growth plan based upon debt and not equity." 

"We look forward to assisting GDT TEK with their capital raise efforts and towards working with this dynamic group of professionals who are helping to solve the US and the world's energy issues," said Brad Parobek, Investment Banker Janco Partners. 

For more information on GDT TEK, INC. capital raise, please contact Brad Parobek at Janco Partners at 303-770-3200.

About GDT TEK, INC.

GDT TEK, INC. trades on the (PINKSHEETS: GDTK). GDT TEK's mission is to use Green Technology (clean technology) to conserve the natural environment and resources in order to curb the negative impacts of humans on the environment. GDT TEK will do this with the patented "Waste Heat to Electric Power Generation Technology" to produce Renewable Energy. Renewable Energy is energy that is created by improving efficiencies on current fossil fuels processes or from non-fossil fuel based sources like bio-mass, sun, wind, water etc, as a means of producing energy.

GDT TEK would like to announce that Bo Linton who has many years in the green technologies industry is now the new President of GDT TEK, Inc.

GDT TEK would also like to announce that Ralf Horn the creator of the patented "Waste Heat to Electric Power Generation Technology" will remain as President of the newly acquired subsidiary of RTR Global Investments LLC.

GDT TEK, Inc website is www.gdttek.com which is in the process of being updated; please sign up for our newsletter for future information about the company.

About Janco Partners Investment Banking:

Janco Partners' investment banking group specializes in providing capital raising and mergers and acquisitions advisory services. We have a long history of successfully organizing a competitive process that produces the best price and terms for our clients' transactions. Our success stems from our substantial legal and financial expertise in negotiating and closing transactions, our unsurpassed knowledge of market conditions and valuation parameters impacting our clients' companies, and our ability to access our vast network of business relationships.

Janco Partners arranges financing of $3 - $150 million for companies seeking capital for growth or expansion. We also provide sell side and buy side mergers and acquisitions advisory services. Our expertise in telecommunications, technology, cable television, media, entertainment, energy and related industries provides us with unique access to strategic investors, buyers and sellers in each vertical. Our extensive list of institutional contacts provides clients with unparalleled access to investors with deep knowledge of our clients' businesses.

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.

Contact Information

  • For more information please contact:
    GDT TEK, INC.
    Investor Relations
    407-574-4740
    info@gdttek.com