TORONTO, ONTARIO--(Marketwired - May 5, 2014) - Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce that we have received a new order from Global Vu, our distributor in the Ukraine. "While the order is small, with a value of just $7,000, Eco-Tek is extremely pleased to receive this order from Global Vu" said Stephen Tunks, Eco-Tek CEO "We had feared that Global Vu would have a tough time with the current situation in the Ukraine but they are well and continuing to conduct business. It is a fine accomplishment for Global Vu and a ringing endorsement of a democratic market economy." The Ukraine is primarily an agricultural economy with farmers playing a major role. It is with the farmers that Global Vu has scored its best successes with Eco-Tek SuperLube. They planning to introduce Eco-Tek ByPass Systems shortly.
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing innovative and cost effective "green" lubrication products for the transportation, industrial and marine industries and development by their experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption while enhancing quality and performance.
Eco-Tek Group Inc. has marketed the company's products in Ontario for the past number of years and has established a solid base of highly satisfied customers. Recently Eco-Tek has established distributors in South America, and Europe and is now expanding its operations across North America and around the world.
Submitted on behalf of its board
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.F.