SOURCE: ENVIROTEK

February 24, 2010 13:38 ET

ENVIROTEK Signs LOI for Control of Established Alternative Fuel and Special Vehicle Conversion Company With $25M Revenue Orders for 2010

COSTA MESA, CA--(Marketwire - February 24, 2010) -  ENVIROTEK (PINKSHEETS: ENTK) today announced the company has entered in to a Letter of Intent (LOI) for controlling interest of an established privately owned alternative fuel and special vehicle conversion company operating several company owned facilities.

ENVIROTEK spokesperson Eric Von today announced both parties have signed the LOI which will enable ENVIROTEK to acquire controlling Interest of the Alternative Fuel and Special vehicle Conversion Company. The terms of the transaction remain confidential at this time as per the conditions of the executed LOI and non disclosure agreement. Mr. Von further confirmed the company already has work in progress, and orders to date in excess of $25M this year at several of the company's facilities.

ENVIROTEK President Robert Thompson stated, "This is a huge acquisition for ENVIROTEK adding completely synergetic technology and products to the already expanding 'GREEN' companies owned or controlled by ENVIROTEK. This alternative fuel conversion company already has orders in progress, and on the books in excess of $25M for year 2010, with an absolute possibility to significantly expand that number this year. This acquisition is completely in sync with ENVIROTEK'S 'GREEN' energy alternative fuels programs and operations. Particularly with our Extreme Bio-Diesel division, along with our growing portfolio of 'Green' alternative fuel and energy companies." Mr. Thompson further stated that a significant amount of the Alternative Fuel Conversion orders already in progress, and on the books are for nationwide municipalities racing to be in compliance with both state and federal emission control mandates.

EXTREME BIODIESEL
Extreme Biodiesel, an Envirotek controlled company, has recently been very active in adapting the companies Corona, California Biodiesel refinery to accommodate alternative feedstock supplies as raw material for the production of high grade Biodiesel fuels. With the recent withdrawal of the federal and state tax and carbon credit incentives, many Biodiesel facilities have been forced to close or move to "Idle" mode. ENVIROTEK'S Extreme Biodiesel scientific team believes it has found a solution to continue advanced production, remain profitable and increase the supply of premium quality Biodiesel fuels from an alternative feedstock supply without the added incentive of immediate carbon and tax incentive programs.

ALL GREEN ENERGY
Representatives from Envirotek's All Green Energy, division were recently asked by Station Casinos, and Hard Rock Hotel to review and analyze several additional properties for the install of the Energy Saving Devices. Station Casinos representatives have indicated that they are very pleased with the CEU units that were recently purchased and installed at Station's Fiesta Henderson facility and are ready to move forward with installations at other facilities. On the East Coast Company representatives have installed several test units for energy savings review in large corporate facilities. The company is also in the process of consolidating an LED lighting distribution contract to further provide energy saving internal lighting solutions for Las Vegas Casinos, Hotels, Administrative buildings and Medical facilities where lighting is required 24 hours a day. The use of LED lighting can significantly reduce the energy bills and have a life span of up to 10 times that of a traditional fluorescent tube.

ENVIROTEK: "PROVIDING TOMORROW'S GREEN SOLUTIONS TODAY" Our initiative is to help change the way the world looks at the Environment, and provide solutions to "GO GREEN." Envirotek is an emerging green acquisitions company that plans to introduce multiple advanced innovative technology solutions to a growing crisis throughout the world. Our goal is to improve the health, environment and economy of people around the world by supplying proprietary technology that can be used in both new and existing systems to convert them to GREEN and to create Alternative Energy and Fuel Solutions.

A NOTE FROM THE ENVIROTEK BOARD OF DIRECTORS:
ENVIROTEK'S staff and accounting personal are diligently pursuing the filing of the company's consolidated holdings financial statements and Pinksheets disclosure statements as soon as possible. ENVIROTEK would advise shareholders and Investors that it may appear that PINKSHEETS.com is a regulatory authority that is not the case, and the information they disclose is at their discretion, as a private corporation which requires a mandatory annual subscription by actual Pink Sheet companies to display their corporate structure on PINKSHEETS.com. However the option by companies to voluntarily have their information removed from PINKSHEETS.com is not available, and PINKSHEETS.com at that point attach their own versions of companies status, i.e. STOP, Limited Information, Caveat Emptor etc... This does not affect the day to day operations of most legitimately operated Pink Sheet companies. That being said, Envirotek has paid picksheets.com required fees, and is committed to updating information with pinksheets.com expeditiously as we feel it is in the best interest of the shareholders.

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Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as ENTK 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.

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