SOURCE: ProTek Capital, Inc.

October 18, 2013 08:03 ET

ProTek Capital, Inc., Signs a Definitive Merger Agreement With Motovox Inc., Shareholders Update October 18, 2013

DALLAS, TX--(Marketwired - Oct 18, 2013) - ProTek Capital, Inc. (OTC Pink: PRPM) ("the Company") announces today that the management of ProTek Capital Inc, and Motovox Inc, have signed the definitive agreement with APT management.

ProTek Capital Inc., is growing by mergers and acquisitions of revenue producing high tech companies and enterprises.

"I'm extremely excited to have both management teams agree to move forward and create a new and exciting company. We are focused on shareholder value and growing the company to a new level. I'm personally excited for the timing, since there was a huge anticipation and speculation as to our market capitalization and share structure. My planned visit to New York and Hedge Fund meetings that will start tomorrow is only enhanced by the deal being done and agreed upon. There are several Wall Street funds that expressed huge interest in our deal, and were waiting for the news that we signed the agreement. Institutional Funds want to have a great story and dynamic that can achieve a huge multiple. We feel that we have a package that represents that opportunity," stated Edward Vakser, CEO of ProTek Capital Inc.

ProTek Capital Inc., recently hosted a 'Meet and Greet' open house in Dallas in order to educate and update the shareholder base of the current developments and relationships among several related public companies.

The management introduced several ideas and developments that should enhance the overall shareholders value and increase the investor confidence in the company's business plan and future outlook.

"We are excited at the opportunity to provide a greater shareholder value to our investors and shareholders. From time to time, different opportunities come along, and present themselves to the management. Due to the attraction, the success and professionalism to our company and its management, we were able to attract an opportunity that will enable to enhance the value and the positions of our current shareholders," stated Edward Vakser, ProTek Director/CEO.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company. All such forward-looking statements are, by necessity, only statements of intentions or desired outcomes. Actual events and results achieved by the Company may differ materially from these statements due to a number of factors. Statements made in this document that are not purely historical are forward-looking statements. Risk factors that may cause results to differ from expectations include the inability of the Company to secure funding on acceptable terms or any terms at all, the inability to complete the acquisition of the Motovox and ArtFest Companies, the inability to secure new clients and grow sales or maintain our current clients and sales, and the loss of key executives. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements.

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