DALLAS, TX - October 30, 2013 - ProTek Capital, Inc. (OTC Pink: PRPM) today announced a dividend plan in conjunction with the recently announced merger agreement with APT Group, Inc.
APT Group, Inc. (APT) is a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products. APT is a Missouri registered corporation headquartered in Kansas City, MO and the holding company for the MotoVox® product line and SmartCarb® patented carburetor technology lines.
ProTek expects to concentrate here forward on Clean Technology opportunities such as the proprietary Clean Technologies developed by APT. In order to optimize this new Clean Technology focus for ProTek shareholders, management plans to spinoff ProTek's existing subsidiaries. The spinoff plan includes independently listing each subsidiary on the OTC Markets trading platform and issuing stock in each subsidiary to the shareholders of ProTek through a property dividend. Four subsidiaries have been selected for a planned spinoff.
As details on the planned spinoff's and property dividends are worked out, ProTek will issue a series of shareholder updates.
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 MotoVox® acquisition would represent the next evolutionary step into the burgeoning market for low cost, high efficiency "greener" power-train 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.
SOURCE: Pro Tek Capital, Inc.