DALLAS, TX— February 11, 2014 —ProTek Capital, Inc. (OTC Pink: PRPM) today announced the Company's recent shareholders' updates.
Luxuriant Holdings would like to announce the use of social media to announce material events in order to stay transparent with current and future shareholders. Please refer to our Facebook page at: https://www.facebook.com/pages/Luxuriant-Holdings/1419811544925474?ref=hlfor frequent updates. I look forward to updating you before weeks end as to our talks with our first partners in this exciting new sector.
The Company is formulating a store front concept that will be available as a franchise opportunity as well as web enabled affiliate program.
"Our management team is exploring many opportunities that this new market sector has presented. We are in the process of designing a lounge styled store front shops that our company will launch as a franchise concept. These "clubs" will allow our merchandise to be sold and presented in a comfortable style with an atmosphere and great experience," stated Mr. Jeffries, CEO Luxuriant Holdings.
These are exciting times; I will be updating you frequently as we rapidly implement our plan.
Recently The Company made several changes and updates:
PROTEK CAPITAL ANNOUNCES NAME CHANGE AND ENTRANCE 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 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 20 years 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.