Eco-Tek Group Inc.

Eco-Tek Group Inc.

July 11, 2013 08:30 ET

Eco-Tek Worldwide Announces New Operating Company: Eco-Tek Group Canada Inc.

WOODBRIDGE, ONTARIO--(Marketwired - July 11, 2013) - Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce an enhanced corporate structure which will further position the company to achieve its goals of worldwide representation and continued growth both in products and in sales. Eco-Tek will form subsidiary companies in various marketplaces to facilitate these objectives. The first of these is the formation of Eco-Tek Group Canada Inc on June 17, 2013 which will oversee all sales and operations in Canada. Eco-Tek Canada will operate from the company's facilities in Woodbridge, Ontario near Toronto. New Eco-Tek Group Inc. Chief Executive Officer, Stephen Tunks will also serve as CEO of the new Company. "We believe that this new entity will provide focus on the Canadian marketplace for our Canada team while allowing our executive and senior management to move forward with expansion plans in South America and Europe." said Mr. Tunks.

About Eco-Tek Group Inc.:

Eco-Tek Group Inc. is a Toronto, Ontario based company founded in 2009 specializing in the development and marketing of innovative and cost effective green lubrication and filtration products. The Company's products are sold to both the end user/consumer in retail outlets, and direct to businesses for fleet applications. Eco-Tek products have a wide range of applications in the transportation, marine, and industrial sectors. These products are the result of ongoing research and development by experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies, Eco-Tek Group Inc. is dedicated to the design and formulation of cutting edge products with the goal of reducing fossil fuel consumption while improving both quality and performance. The Company has sold its products primarily in the Ontario marker for the past three years establishing a base of highly satisfied core customers. Eco-Tek is now ready to expand its operations by selling throughout North America and internationally.

Submitted on behalf of its board

Safe Harbor:

This press release may contain forward-looking statements with respect to business conducted by Eco-Tek Group Inc. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

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