NEW YORK, Nov. 20, 2013
/PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a global leader
in mobile natural gas supply is now rolling-out its unique
solutions in the U.S. market through its newly-founded
fully-owned subsidiary, AMP - American Mobile Pipeline Inc.
("AMP")
The creation of AMP is the result of a strategic decision by
Energtek to focus efforts in the North American market, in order to
develop supply activities and solutions to energy consumers who are
not connected to the pipeline.
This strategic decision was taken by the Board of Energtek as a
result of a thorough analysis of the North American energy market
in general and the U.S. specifically.
Due to the "shale gas revolution", the U.S. has become the
number one natural gas producer in the world and production
continues to grow. This has created a substantial price gap
between natural gas and oil derivative fuels, which according to a
majority of the experts is here to stay.
The industrial and commercial customers that are not connected
to a natural gas pipeline are at a disadvantage and need to reduce
their energy costs in order to be competitive. Also,
increasing pressure from environmental protection agencies are
causing these consumers to consider switching to natural gas. Yet
substantial areas of the U.S. do not have sufficient pipeline
coverage. Pipelines are expensive, require many regulatory
approvals, often there are geographical barriers and in any case
take time to build.
Lev Zaidenberg, CEO of Energtek,
is very enthusiastic about this exciting new focus of the
company.
"Natural gas already plays a major role in most sectors of the
U.S. economy: power generation, industrial, commercial,
residential, and increasingly is the solution of choice also
in transport. The key to building a national
footprint is the creation of a fueling infrastructure in
places that are not being supplied through pipelines," says Mr.
Zaidenberg. "AMP provides an economical, flexible and
reliable alternative to traditional pipeline natural gas delivery
to industrial, commercial and municipal customers," he
adds.
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.