This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ProTek Capital, Inc., Acquires Artfest International, Inc.

DALLAS, June 14, 2013 /PRNewswire/ -- Artfest International, Inc., and ProTek Capital, Inc. (OTC Pink: PRPM) ("the Company") announces today that the management of both companies reached a definitive agreement on the structure and share exchange. ProTek Capital Inc., will acquire Artfest International by paying a dividend to all Artfest shareholders with ProTek shares on a one to one exchange. In addition, ProTek agreed to issue a special series of preferred shares for the exchange to those shareholders who wish to surrender their common shares for the preferred. This exchange will have a final record date for completion of September 30 th, 2013. The preferred exchange will also be offered to current ProTek shareholders for the purpose of reducing the outstanding shares.

In addition, the management wishes to report several new updates and achievements in milestones of development to move the company further in its Endeavour to complete the business plan.

ProTek Capital recently has engaged a PCAOB CPA as a new Auditor, and will have corporate attorney assist with the SEC compliance and begin the process of filing for the S1 registration. This is a strategic development to have the company to move the status from a PINK SHEET to a fully reporting OTCQB issuer. The company added an additional management staff in order to facilitate the smooth transition to the next trading level, and to ensure that the company is always in full compliance and fully reporting to the SEC.

ProTek Capital Management is proud to introduce several new additions to the management team. Mr. Rick Toussaint will assume the role of the CFO. Mr. Toussaint brings an incredible resume in the public arena, having managed several public companies and a host of private enterprises. The role of the Treasurer and Comptroller will be handled by Mr. Scott Tassan, who has a BS in science and business administration. And finally, the new Chairman of the board will be Mr. Clark Ortiz.

"The incredible talent of our executive group and their impressive resume's are just the tip of the phenomenal creative and productive structure that is being built at ProTek Capital. Our investment group is focused on establishing a great management while developing a transparent fully reporting vehicle that will enable us to fulfill our business plan. Some of the executives have been involved with our other groups, and have a proven track record for competency, loyalty and success," stated Edward Vakser, ProTek President/CEO.

This recent development will enable ProTek Capital to have access to institutional investors, create a greater vote of confidence with the current shareholder base and increase the company's ability for larger acquisitions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $249.50 0.72%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs