DALLAS, TX - February 3, 2014 - ProTek Capital, Inc. (OTC Pink: PRPM) today announced the Company's recent shareholders' updates.
PROTEK CAPITAL ANNOUNCES NAME CHANGE AND ENTERANCE INTO THE MEDICAL MARJIUANA (MMJ) / LEGAL MARJIUANA SECTOR
Protek Capital is excited to announce its entrance into the mmj/legal recreational cannabis sector. Protek will be changing our name to Luxuriant Holdings and rolling out our new business model Luxuriant MMJ Fund immediately. We believe that this is and will be the hottest sector of the market with constant growth over the next decade.
The Luxuriant MMJ Fund will offer crucial funding opportunities to all facets of the MMJ industry from startups to current operations. Production, security, retail, r&d, etc. the possibilities are limitless in this budding sector. One of the largest hurdles to these entrepreneurs is the lack of traditional finance / banking due to current legal issues on the federal level. We intend to fill this gap immediately.
We will commence executing our plan to "partner" with up to 100 units in the first year alone with conservative revenue projections of upwards of $200,000,000 annually immediately.
The first step in executing our plan will be the implementation of a 1:10 reverse split to bring our common outstanding structure to 600,000,000 shares. Which is a manageable level for growth and acquisitions without harming the current shareholder base.
We have targeted our first partner and expect to close our first transaction within the next 30 days upon completion of due diligence.
About Luther Jeffries CEO Protek.
The company has appointed Luther R. Jeffries to serve as CEO effective immediately. Mr. Jeffries brings over 20yrs experience of upper level management in such companies as Starter, 1-800-pro-team, Midland Foods, Aldi USA, Champion/Sara lee and also owned a multi unit chain of jewelry stores. His immediate focus will be restructuring all aspects of the company in an investor friendly manner and target new acquisitions already generating profits to add shareholder value.
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.
SOURCE: ProTek Capital, Inc.