SOURCE: ProTek Capital, Inc.

December 11, 2013 12:17 ET

ProTek Capital, Inc. Advances Clean Technology Focus Without APT Group, Inc.

DALLAS, TX--(Marketwired - Dec 11, 2013) - ProTek Capital, Inc. (OTC Pink: PRPM) ("ProTek") and APT Group, Inc. have mutually agreed to discontinue merger activities.

Earlier this year, ProTek Capital began focusing on the Clean Technology market sector. In August, ProTek entered into a letter of intent to acquire APT, Group, Inc. In October, the two companies entered into a merger agreement. Throughout the course of developing the APT opportunity, ProTek has taken additional steps to streamline its focus on Clean Technology as well as developing other Clean Technology opportunities in addition to APT.

"APT's MotoVox® product line and SmartCarb® patented carburetor technology are good Clean Technology market opportunities," said Edward Vakser, CEO of ProTek Capital, Inc. "In the end, ProTek's corporate platform could not support the necessary investment to advance APT's business plan in a manner that was mutually beneficial to ProTek and APT shareholders. The disengagement is amicable and future opportunities between the two companies may still come about. In the last six months, ProTek steps to enhance and focus the Company's corporate organizational structure and business practices can serve shareholders well as we move forward with the next opportunities in our business development pipeline."

About ProTek Capital, Inc.

ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies. The portfolio industry focus has changed and evolved over time and the new acquisitions would represent the next evolutionary step into the burgeoning market for low cost, high efficiency "greener" companies, technologies and IP systems.

Forward-Looking Statements: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact Information