DALLAS, TX – March 11, 2014 -- ProTek Capital/ Luxuriant Holdings (OTC Pink: PRPM) (PINKSHEETS: PRPM) ("the Company") announces today An Update Of Our Progress and Near Future Agenda
Luxuriant Holdings would like to update its shareholders of our accomplishments to date. We are very pleased with the progress being made in the first two months of execution of our new business plan:
Feb 3rd - The Company announced our entrance into the cannabis sector.
Feb 6th -The Company announced attendance at the Washington Cannabis Exhibit as our first of many shows to come.
Feb 10th - The Company announced their Facebook launch "a new era of transparency."
Feb 13th - The Company announced the Debut of our Franchise Program.
Feb 14th - Mr Edward Vakser announces resignation as Chairman of the Board.
Feb 16th - CEO announces Business Plan.
Feb 18th - The Company announced Strategic Partnership with Vortex Waterpipes.
Feb 20th - The Company announced the Acquisition of Kolbe Global Logistics.
Feb 21st - The Company announced the Appointment of Micheal Ronchetti to the Board of Directors.
Feb 24th - The Company announced the Appointment of Davyd Field to the Board of Directors and Funding of the Next Generation LED Glass waterpipe.
Feb 26th - The Company announced the cancelation of the Reverse Split and A Stock Purchase and Retirement Plan.
Feb 28th - The Company announced the Appointment of Micheal Ronchetti to Chairman of the Board.
March 3rd - The Company announced the Development of its ERP Software MaryGen.
March 4th - The Company announced the Acquisition of Vortex Waterpipes and its Attendance at the upcoming Denver Buyers Industry Guide Exhibit.
March 6th - The Company announced the Partnership with its First Grower Plan C in Washington.
March 7th - The Company announced Signing of a $5,000,000 Funding agreement.
Luxuriant Holdings will be focusing on signing as many growers as possible over the coming months. The company will also be focusing on completion of MaryGen, Kolbe's Vapor and Secured Logistics, Pilot Franchise opening, share structure reduction, and The Denver show. We are also in talks with Hedge Funds to further fund our plan, as always any financing or large scale stock issuance will be done with long term restricted stock.
"I am very excited about what we have accomplished in the first months of our new direction and am looking forward to meeting and exceeding or first years revenue projections" said Mr Jeffries.
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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.
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SOURCE: ProTek Capital, Inc.