SOURCE: ProTek Capital, Inc.

December 16, 2010 08:52 ET

ProTek Capital, Inc. Announces Aggressive 2011 Agenda

Company Plans for Obtaining New Equity Capital of $10 Million

NEW YORK, NY--(Marketwire - December 16, 2010) - ProTek Capital, Inc. (PINKSHEETS: PRPM) is pleased to announce its 2011 Agenda.

The Board of Directors issued the following statement: "The Board of Directors has proposed a very aggressive agenda for the coming year and looks forward to pursuing these goals in 2011. The company's overall strategy is to bring value to the shareholders by, among other things, seeking acquisitions and the growth of ProTek Capital that will help increase our revenue base. The Company was pleased to recently announce the addition of Acute Systems Consulting, LLC ("Acute") as a wholly owned subsidiary and has substantial plans for that subsidiary in the coming year.

The 2011 agenda includes:

  • Plans for obtaining new Equity Capital of $10 Million 
  • Share Buyback up to 400 Million common Shares
  • Plans for an IPO of subsidiary Acute Systems 
  • Plans to acquire or participate in Equity Positions, Joint Ventures, New Partnerships and Additional Acquisitions in our core business
  • Growth of the Board of Directors to Four Persons
  • Development of an Advisory Board
  • Development of new Investor Relations /PR Program (for more transparency)

We would like to thank our shareholders for their loyalty through these challenging economic times and our transition period. We at ProTek Capital would like to wish everyone a safe Holiday Season and a prosperous New Year."

About ProTek Capital, Inc.:
ProTek Capital, Inc. is a corporation with offices located in the United States and United Kingdom, whose focus is to invest in or acquire software companies that are privately held or traded on the public markets. The objective of ProTek Capital, Inc. is to provide the best possible risk-return value for all of its shareholders by making direct investments or outright purchases into foreign and domestic private and public software companies. To learn more about ProTek Capital, Inc., please visit: http://www.protekcapital.com/

Safe Harbor:
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