CHEYENNE, WY--(Marketwired - Mar 21, 2014) - ProTek / Luxuriant (OTC Pink: PRPM) (PINKSHEETS: PRPM) ("the company") announces today the Repurchase and Retirement Program.
ProTek/Luxuriant Holdings is proud to announce the company's Repurchase and Retirement Program. The company will commence repurchasing up to 2 billion shares of our common stock on the open market marked for retirement to the treasury. The program will start immediately and will be reported to shareholders bi-weekly.
"We feel that along with our new focus on investing in growers there is no better investment than our share structure, in order to solidify our foundation for the future," stated Mr. Jeffries.
CEO ProTek / Luxuriant Holdings
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About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies.
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.