| Envirotek - ENTK |
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| Monday, 21 December 2009 01:50 | |
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Envirotek will be introducing cutting edge technology in a number of areas, Energy, Environmental Cleanup, Dead Oil Wells and Waste Management just to name a few. Envirotek products will not only help reduce the Carbon Dioxide green house effect, but will also be a solution to save our resources for generation to come. Press Release: ENVIROTEK Announces 2010 Corporate Holdings Status COSTA MESA, CA--(Marketwire - 12/21/09) - ENVIROTEK (Pinksheets:ENTK - News) is a California-based "Green Energy & Alternative Fuel" Holding Corporation, acquiring independent fully operational "Green Orientated" Power, Clean-Air Technology and Alternative Fuel companies. ENVIROTEK was restructured from a former publicly traded company, "In Control Security, Inc.," in the third quarter of 2009, to accommodate the acquisitions already under way by ENVIROTEK's management team. The company required a firm structure to accommodate the planned acquisitions for growth and increased productivity for these new acquisitions, which is expected to ultimately result in increased revenues and greater profitability to both the companies and their shareholders. The increased values and profitability will be reported in consolidated accounting through the parent company ENVIROTEK (ENTK) ENVIROTEK currently owns or controls majority interests in the following subsidiary companies: All Green Energy, Inc.: ECO Friendly lighting products manufacturer, comprising of commercial patented UL approved energy saving devices, already installed and in use by several large Las Vegas Casino chains in their parking facilities which has currently already resulted in a third party verified 31% power bill savings. The company also distributes new low energy LED lighting for commercial and industrial applications. This company is currently in discussions for several large LED lighting and energy saving device orders. All Green Energy, Inc. is a wholly owned subsidiary of ENVIROTEK. The company has revenues and sales, which will be reported in the ENVIROTEK consolidated financial statements in January 2010. Extreme Green Technologies, Inc., DBA EXTREME-BIODIESEL. The company is comprised of two divisions, a fully operation State and Federally licensed Bio-Diesel refinery and a portable mini Bio-Diesel refinery manufacturing facility. Extreme Bio-Diesel is located in Corona, California. The refinery currently produces approximately 4,000 gallons of Bio-Diesel per day and the plant is currently in the process of expanding production to 20,000 gallons per day. This is expected to be completed during the second quarter of 2010. The company qualifies for both the State and Federal Carbon Credits programs equating to over $1.30 per gallon produced, which is paid directly by the Government to the company. This Carbon Credit program is currently mandated through 2018 to Licensed Bio-Diesel refineries. Extreme Bio-Diesel is currently one of only 20 fully licensed facilities in the USA today. The company manufacturers portable mobile mini refineries at the Corona facility for small business and owner use only (not for resale). This award-winning product (SEMA Show 2008) created revenues in excess of $990,000 in 2008 with minimal promotion. The company plans to increase production to meet current demand and pending commercial inquiries. Website www.extremebiodiesel.com. ENVIROTEK currently owns 51% of Extreme Green Technologies, Inc. View this release in video format: http://www.vodnewswire.com/vodnewswire/news/envirotek-20091221/ ENVIROTEK currently has Joint Venture (JV) agreements with several other Power, Clean-Air Technology and Alternative Fuel companies. ENVIROTEK President Robert Thompson announced today the company plans to release publicly the 2009 Audited Financial Statements along with the company's projected revenues and pending acquisitions in January 2010. ENVIROTEK CURRENT SHARE STRUCTURE: Preferred Shares Outstanding: 60.0M (Non-Tradable Control & Acquisition Shares) ENVIROTEK plans the launch of its new website this month.
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| Last Updated on Tuesday, 22 December 2009 18:46 |
We believe ENTK is poised to make a MAJOR move in the coming weeks. Our target is $2.50-$3.50 by the end of January. With AUDITED Financials on the way, it is our opinion we could see a run to $10.00 by mid next year. Envirotek is a rapidly growing company that will be introducing several innovative technology solutions to a growing crisis through out the world. Envirotek's goal is to improve the health, environment and economy of people around the world by supplying proprietary technology that can be used in both new and existing systems to convert them to GREEN and to create Alternative Energy Solutions.