NEW YORK, May 1, 2014 /PRNewswire/ --
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas
solutions and Adsorbed Natural Gas (ANG) technology, announced
today that two high profile experienced managers, Dr. Timothy Nulty and Leslie
Nulty have joined forces with Energtek.
Towards its commercial activities in the USA, Energtek has established a fully-owned
subsidiary, Energtek USA Inc.
In turn, Energtek USA has
created Energtek North Country Inc. for activities in the Vermont
Region and Northeast United
States.
"We are pleased to confirm that Energtek USA has set up a new company, Energtek North
Country Inc., which will focus on the unique conditions in the
Northeastern region of the United
States, an area with very limited access to natural gas
distribution pipelines," said CEO Energtek Mr. Yoav Krill.
Mr. Lev Zaidenberg, who founded
Energtek Inc. back in 2007, and until recently as President of
Energtek, Inc., will now serve as Chairman of the Board of Energtek
USA, and will continue to be in
charge of Energtek's worldwide business development and
international operations.
Dr. Timothy Nulty was nominated
as CEO of Energtek North Country Inc. He has held senior
positions
at the DoE, the U.S. Senate and then the U.S. House of
Representatives, as well as having served as a Senior Telecom
Project Officer for the World Bank and International Finance
Corporation.
Mrs. Leslie Nulty was appointed
CFO of Energtek North Country Inc. She is an expert financial
analyst,
and served as General Manager at a large food co-op, controller
for a Venture Capital company and Treasurer for a large Business
Association.
"Dr. Timothy and Leslie Nulty are
proven and successful business managers, with vast international
experience as well as an in-depth knowledge and local expertise in
Vermont, having managed telecom
companies in the region," said Mr. Zaidenberg.
"We are honored to have appointed them as managers of our new
subsidiary, Energtek North Country Inc."
Dr. Nulty comments: "I am excited at the opportunity that Leslie
and I will have to work with Energtek. 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 by mobile "mother daughter
stations", reducing user costs and pollution from conventional
fuels. Over time we will be expanding pursuant to a long-term
business plan whose terminal value is well over one billion dollars ($1,000,000,000).
Now is the time for our new company to roll up its sleeves and
get to work, in order to provide the fine citizens of Vermont and the neighboring states with
increased energy efficiency and environmentally-friendly
solutions."
About Energtek
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
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
+1-(212)-999-6202
SOURCE Energtek Inc.