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Dec. 29, 2012 /PRNewswire/ -- ProTek Capital, Inc. (OTCPK: PRPM) is pleased to announce Shareholders updates and recent developments.
The management for ProTek Capital, Inc., filed to re domicile the company to
Wyoming. Therefore saving on tremendous expenses of fees and filings with the current
Nevada state. As part of preparation for the 2013 season and restructuring of ProTek, the company will open a New Software Development and Marketing office in
Nashville. This is in anticipation of closing the Legal Clicks dot Com deal. In addition, ProTek will also have presence at current sister companies locations in
New York and Florida.
The company is in the final stages of negotiating a funding agreement that will facilitate a completion of several acquisitions.
"We are very picky as to what kind of a deal we will entertain. My group is used to fund our own deals, as we have here with ProTek. However, as we proceed with high end acquisitions, we will seek help with funding groups that we know and trust. We are working with a very reputable group, that will help us achieve these ambitious goals without the typical 'toxic' or Death Spiral financings that is usually associated with Microcap companies and acquisitions. This will allow us to focus on fundamentals such as revenues, product development, earnings per share and EBITDA that will get ProTek a multiple that is indicative to a high tech and software development company. This will be combined with several already existing public companies that are in need of additional software and technology upgrades. These companies already agreed on the co-production deals, so the outlook for 2013 is starting to look very positive for ProTek Capital, Inc.," stated
Edward Vakser, interim CEO of ProTek.
ProTek Capital, Inc., has been recently acquired by a new investment group. The new investors implemented a new business plan that would be fulfilled by new management and a newly appointed board.