SOURCE: ProTek Capital

ProTek Capital

August 25, 2011 14:37 ET

ProTek Capital Announces New CEO

DELRAY BEACH, FL--(Marketwire - Aug 25, 2011) - ProTek Capital, Inc. (PINKSHEETS: PRPM) today announced Jose Alvarado as the Company's new Chief Executive Officer. Mr. Alvarado will be replacing John Verges who has acted as interim CEO since ProTek completed the acquisition of a Texas corporation in conjunction with the Company's updated business plan earlier this month. (http://mwne.ws/nZH764). Mr. Verges will assist Mr. Alvarado in transitioning into his role as CEO, but will not be involved with the Company on an ongoing basis.

Mr. Alvarado has extensive management experience in Latin America in a variety of industries including commercial real estate, banking and industrial manufacturing and power. Mr. Alvarado received his Bachelor of Science in Economics from the University of Georgia and is bilingual in English and Spanish.

Mr. Alvarado stated, "I am very excited about my appointment as the CEO of ProTek Capital. With the company's expanded business focus on high growth companies in the Caribbean and Gulf of Mexico as well as possible South American opportunities, coupled with my experience in the region, I am enthusiastic about our upcoming opportunities and the Company's growth potential."

Updated Business Plan

ProTek is in the process of expanding & updating its investment focus to concentrate on businesses within developing economies that are anticipated to have high growth opportunities. Specifically, ProTek will broaden its investment focus to include developing high growth business opportunities located within the Caribbean, Gulf of Mexico and South America. ProTek is expanding its investment scope beyond software companies to include any early stage business investments within promising market sectors with high growth potential.

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.

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