Eco-Tek Worldwide Announces an Exclusive Agreement With a Major Distributor for Colombia
20 June 2014 - 10:30PM
Marketwired
Eco-Tek Worldwide Announces an Exclusive Agreement With a Major
Distributor for Colombia
TORONTO, ONTARIO--(Marketwired - Jun 20, 2014) - Eco-Tek
Worldwide Announces an Exclusive Agreement With a Major Distributor
for Colombia Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce
a new Distributor for Colombia. The distributor has placed an
initial test order which is being assembled for immediate shipment.
The agreement requires John Mario Guerrero Leyton Ltee of Santiago
de Cali, Valle del Cauca to place an initial order for $50,000 and
to purchase a minimum of Cdn. $50,000.00 of the bypass system
products during each 12 month period following the signing of five
year agreement. "Eco-Tek is very pleased with our new relationship
with Leyton," stated Mr. Tunks, Eco-Tek CEO. "Our Training Team
will assist Leyton in installing systems at the various trial
customers in Cali. Leyton is very pleased with our products and is
looking forward to have our team visit with them. We expect Leyton
to do very well in their marketplace."
Eco-Tek is continuing our expansion program in Latin America. Along
with Chile, Peru and Mexico this makes our fourth distributor in
the marketplace. Our Europe operations are also gearing up for
additional distributors. We expect to continue to achieve our goals
of greater than 50% growth in revenues per quarter.
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009.
Dedicated to the development and marketing innovative and cost
effective "green" lubrication products for the transportation,
industrial and marine industries and development by their
experienced chemists and engineers with extensive knowledge in the
science of lubrication and related studies. Eco-Tek Group Inc. is
dedicated to formulating cutting edge products that make a
significant contribution to the reduction of fossil fuel
consumption while enhancing quality and performance.
Eco-Tek Group Inc. has marketed the company's products in Ontario
for the past number of years and has established a solid base of
highly satisfied customers. Recently Eco-Tek has established
distributors in South America, and Europe and is now expanding its
operations across North America, in Europe and around the
world.
Submitted on behalf of its board
Safe Harbor:
This press release may contain forward-looking statements with
respect to business conducted by Eco-Tek Group Inc. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the future. Such forward-looking
statements include those that express plan, anticipation, intent,
contingency, goals, targets, or future developments and/or
otherwise are not statements of historical fact. The words
"potentially", "anticipate", "could", "calls for", and similar
expressions also identify forward-looking statements. The Company
does not undertake to update any forward-looking statements.
Factors that could affect actual results include, without
limitation, risks associated with: the Company's ability to
successfully obtain patents for its technology and the adequacy of
such patents; the introduction of competitive technology; the
Company's ability to develop, manufacture, license, or sell its
products or product candidates; the Company's ability to enter into
and successfully execute any license and collaborative agreements;
the adequacy of the Company's capital resources and cash flow
projections, the Company's ability to obtain sufficient financing
to maintain the Company's planned operations, or the risk of
bankruptcy; other risks that may be described under Certain Risks
and Uncertainties Related to the Company's Business, as contained
in the forthcoming Company's Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q.F.
Eco-Tek Group Inc.Stephen TunksPresident1-888-970-3265
TOLL-FREEInfo@ecotekworldwide.comwww.ecotekworldwide.com
Eco Tek (PK) (USOTC:ETEK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Eco Tek (PK) (USOTC:ETEK)
Historical Stock Chart
From Nov 2023 to Nov 2024