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SOURCE Energtek Inc.
First Contract Signed with Vermont Gas
NEW YORK, May 7, 2014 /PRNewswire/ --
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today its subsidiary in the USA, Energtek North Country Inc. (NCI) has signed its first commercial contract.
"We are pleased to confirm that Energtek NCI has signed a long-term contract to purchase natural gas from Vermont Gas, and this is the first step in supplying consumers in Vermont and the Northeastern United States with natural gas in lieu of propane and diesel," said CEO Energtek NCI Dr. Timothy Nulty.
Dr. Nulty adds: "We expect to begin servicing customers in early 2015. In New England and New York State there are many areas that are not served by gas pipelines and have little prospects of becoming so in the foreseeable future. Energtek's solutions, based on proprietary technologies, will enable us to deliver gas economically, reducing both the consumers' costs and the pollution resulting from use of conventional fuels.
It is our duty and pleasure to provide the fine citizens of Vermont and the neighboring states with increased energy efficiency and environmentally-friendly solutions."
Energtek develops and applies innovative mobile transportation solutions for industrial consumers and fleets of small vehicles. Energtek operates subsidiaries in North America, Europe and Asia.
To learn more about Energtek, visit the newly revamped website: http://www.energtek.com
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.
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