SOURCE: Energtek Inc.

March 07, 2011 07:00 ET

Energtek Subsidiary Begins Commercial Delivery of Natural Gas to Industrial Energy Consumer in Serbia

Pan Energy Receiving Revenues for Ongoing Natural Gas Supply

NEW YORK, NY--(Marketwire - March 7, 2011) - Energtek Inc. (PINKSHEETS: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, today announced that its subsidiary Pan Energy has been successfully implementing a revenue generating pilot natural gas delivery and supply project for an industrial energy consumer near Belgrade, Serbia, since the beginning of 2011.

Pan Energy is selling the natural gas to a local food manufacturer, using mobile transportation solutions. This commercial project has been flawlessly running as a pilot project for over two months, constituting Pan Energy's first source of steady revenues.

The successful implementation of this project has greatly enhanced Pan Energy's position in negotiations with natural gas suppliers, customers and equipment manufacturers in the area. As a result, the company expects to announce additional agreements in the near future.

"We are excited to be generating our first steady revenues from sales in the Serbian market," said Energtek CEO Lev Zaidenberg. "Our ability to deliver an affordable alternative source of energy to this customer is paving the way for additional contracts."

About Energtek 
Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved with oil and gas exploration in Israel. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit www.energtek.com

Forward-Looking Statements
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.

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