NEW YORK, Oct. 28, 2013 /PRNewswire/ -- Energtek Inc.
(OTCBB: EGTK), a leader in hi-tech natural gas solutions and
Adsorbed Natural Gas (ANG) technology, announced that Q3 '13
revenues have significantly increased as compared to previous
quarters, and they are at least 15% higher than Q2-2013, and a
remarkable increase of about 40% as compared with Q1-2013.
For the first nine months of 2013, Energtek's revenues from its
Bosnian operations reflect an increase of about 180% over the
revenues of $2.7m (2012), with
Q3-2013 alone being higher than all of 2012.
"As we announced at the end of Q2 '13, we have steadily
increasing revenues that certainly mean we will reach our goal of
$10,000,000 for the present year,"
noted Michael Greenfield, Treasurer
of Energtek.
"Our investors should keep in mind that the contract to supply
the Aluminij factory in Mostar with natural gas is a 10-year
contract, and thus we can expect many more years of revenues to
flow and follow."
About Energtek
Energtek develops and
applies innovative low-pressure mobile transportation solutions for
industrial consumers and fleets of small vehicles. The
company is also involved on oil and gas exploration in
Israel. Energtek operates subsidiaries in North America, Europe, Asia
and the Middle East. To learn more about Energtek, visit
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
SOURCE Energtek Inc.