DALLAS, TX - February 13, 2014 - ProTek Capital, Inc. (OTC Pink: PRPM) today announced the Company's recent shareholders' updates.
Luxuriant Holdings is excited to announce the commencement of our Franchise Program. We are pleased to announce the roll out of our first three pilot stores in Colorado, Washington St. and Dallas TX. The new store designs and layouts will be featured on our web sites as well as FB and other media outlets. Our program will be branded with various entry points sizing from kiosk size 1k to 10k sq ft. Our stores will service the cannabis minded consumer in a much more pleasant and comfortable atmosphere than the current dispensary/"head shop" type location. Our smaller locations will carry a product selection much like current dispensary/head shop such as cannabis, oils, vapes, pipes, hookahs etc, while are larger locations will also serve high end coffee, teas, infused edibles, Functional Beverages and Energy Drinks, nutritional products and more. The management believes that our company could be the first in the "lifestyles" branded "coffee shop" type of an experience and develop a new social gathering places complete with Wi-Fi and other modern communication conveniences to create a welcome atmosphere and induce repeat visits and business.
We are planning the grand opening of our first location in Colorado in April. I am also currently pursuing a major celebrity and major cannabis advocate to partner in branding our franchise. This will exponentially increase the value of our brand. All financing is currently in place and non dilutive. Each Franchise will be financed by our internal group of private investors (anticipated at least 50% of Franchise fees), and the rest will be allocated among several Hedge Funds who have shown tremendous interest in our program. I'm anticipating our franchises will significantly contribute to our first year projections and the goals to participate and take part of this $200,000,000 in revenue new and Hot Market Segment.
I would again like to thank all of our current shareholders for their support and hope you will visit us at our Facebook site https://www.facebook.com/pages/Luxuriant-Holdings/1419811544925474?ref=hl or at Twitter @luxuriantprpm for frequent 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=hl for frequent updates.
Recently The Company made several changes and 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 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.