NEW YORK, May 14, 2015 /PRNewswire/ -- Energtek Inc.
(OTC BB: EGTK), a frontrunner in hi-tech natural gas solutions and
Adsorbed Natural Gas (ANG) technology, announced today that its
subsidiary in Europe has begun a
pilot project to provide CNG to a large consumer in one of
Bosnia's major cities. This
expansion comes as Energtek Herz begins the fourth year of
operations selling natural gas to Aluminij d.d. Mostar, a large
industrial energy consumer in the south of Bosnia and Herzegovina.
"In 2014, we reached our goal of increasing revenues in our
Bosnian operations, and now we look forward to expanding our reach
into new cities and diversified consumers. We are constantly
looking at ways to increase our profitability, whilst growing
steadily and with stability," said CEO of Energtek Herz Mr.
Ivan Primorac.
"We are pleased that in addition to our focus on the United States, our Bosnian operations
continue to grow and work without interruption," added Yoav Krill, CEO Energtek Inc. "We
anticipate that the ten-year contract will be extended and express
our appreciation to our European partners and managers."
About Energtek
Energtek develops and applies innovative mobile transportation
solutions for small, mid-size and large industrial, residential and
agricultural consumers and fleets of small vehicles (NGV).
Energtek operates subsidiaries in North
America, Europe and
Asia.
To learn more about Energtek, visit the newly revamped website:
www.energtek.com
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of Energtek and its
technologies. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are only
predictions. In evaluating such statements, prospective
investors should review carefully various risks and uncertainties
identified in this release and other matters set in Energtek's
filings. These risks and uncertainties could cause actual
results to differ materially from those indicated in the
forward-looking statements.
Contacts:
Investor
Relations
IR@energtek.com
(212) 999.6202
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/energtek-expands-operations-in-bosnia-and-herzegovina-300083567.html
SOURCE Energtek Inc.