SOURCE: ProTek Capital

ProTek Capital

November 30, 2011 09:00 ET

ProTek Announces Letter of Intent to Acquire Latin American Technology Service Firm

DELRAY BEACH, FL--(Marketwire - Nov 30, 2011) - ProTek Capital, Inc. (PINKSHEETS: PRPM) today announced the Company has signed a non-binding letter of intent to acquire a Latin American technology service firm.

ProTek recently filed its first financial report with OTC Markets following an acquisition and change of control in July. ProTek is a 'current information' filer. The letter of intent announced today is the first of three specific target acquisitions in Central and South America. The potential acquisitions are anticipated to contribute approximately $10 million in annual revenue. The acquisition opportunity contemplated in the letter of intent announced today is anticipated to close early in 2012.

In addition to the three specific target acquisitions, ProTek continues to pursue additional opportunities to acquire and develop high growth business operations located in emerging markets within the Caribbean, Gulf of Mexico and South America.

To learn more about ProTek and to keep abreast of ongoing business development, join the ProTek email list by sending an e-mail to info@protekcapital.com. ProTek also encourages the contribution of suggestions that might improve operations and enhance shareholder value. The Company would also welcome suggested acquisition and development opportunities.

About ProTek Capital, Inc.
ProTek Capital, Inc. is a corporation with offices located in the United States, traditionally focused on investing or acquiring software companies that are privately held or traded on the public markets. In accordance with its expanded and updated business strategy, ProTek is updating its investment focus to concentrate on businesses within developing economies that are anticipated to have high growth. Specifically, ProTek will focus on developing high growth business opportunities located within the Caribbean and Gulf of Mexico region. ProTek is also expanding its investment focus beyond software companies to include any early stage business investments with high growth potential.

To learn more about ProTek Capital, Inc., please visit: http://www.protekcapital.com/.

Safe Harbor Statement
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact Information
    ProTek Capital, Inc.
    561-900-3362
    Email Contact