Emerging Green : Envirotek News
posted on
Mar 07, 2010 12:18PM
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Envirotek Signs Huge LOI - Announces its bringing Pinksheets current.
COSTA MESA, CA--(Marketwire - 02/24/10) - ENVIROTEK (Pinksheets:ENTK - News) today announced the company has entered in to a Letter of Intent (LOI) for controlling interest of an established privately owned alternative fuel and special vehicle conversion company operating several company owned facilities. ENVIROTEK spokesperson Eric Von today announced both parties have signed the LOI which will enable ENVIROTEK to acquire controlling Interest of the Alternative Fuel and Special vehicle Conversion Company. The terms of the transaction remain confidential at this time as per the conditions of the executed LOI and non disclosure agreement. Mr. Von further confirmed the company already has work in progress, and orders to date in excess of $25M this year at several of the company's facilities. ENVIROTEK President Robert Thompson stated, "This is a huge acquisition for ENVIROTEK adding completely synergetic technology and products to the already expanding 'GREEN' companies owned or controlled by ENVIROTEK. This alternative fuel conversion company already has orders in progress, and on the books in excess of $25M for year 2010, with an absolute possibility to significantly expand that number this year. This acquisition is completely in sync with ENVIROTEK'S 'GREEN' energy alternative fuels programs and operations. Particularly with our Extreme Bio-Diesel division, along with our growing portfolio of 'Green' alternative fuel and energy companies." Mr. Thompson further stated that a significant amount of the Alternative Fuel Conversion orders already in progress, and on the books are for nationwide municipalities racing to be in compliance with both state and federal emission control mandates. EXTREME BIODIESEL ALL GREEN ENERGY ENVIROTEK: "PROVIDING TOMORROW'S GREEN SOLUTIONS TODAY" Our initiative is to help change the way the world looks at the Environment, and provide solutions to "GO GREEN." Envirotek is an emerging green acquisitions company that plans to introduce multiple advanced innovative technology solutions to a growing crisis throughout the world. Our goal is to improve the health, environment and economy of people around the world by supplying proprietary technology that can be used in both new and existing systems to convert them to GREEN and to create Alternative Energy and Fuel Solutions. A NOTE FROM THE ENVIROTEK BOARD OF DIRECTORS: View this release in video format: http://www.vodnewswire.com/vodnewswire/news/envirotek-20100224/ Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as ENTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. |
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