|By Marketwired .||
|April 16, 2014 11:11 AM EDT||
WOODBRIDGE, ONTARIO -- (Marketwired) -- 04/16/14 -- Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce that the first order for North Central Supply, with a value of about $25,000, has been shipped. Mr. Wyley Fleiger, VP Sales for North Supply, has arranged for several units to be installed by the Eco-Tek International Training Team both in the trucking industry and in engines that service the oil drilling industry. "One of the installations is in an oil rig and will be one of our new Hydraulic Oil Cleaning Systems" stated Mr. Stephen Tunks, Eco-Tek CEO, "We are expecting the drilling business to order as many Hydraulic units as oil units."
North Central Supply LLC is the first of 15 new style distributors that Eco-Tek will announce in the United States during 2014 and 2015. "Our previous distributors in the US were oriented towards retail and garage sales." said Mr. Tunks, "The new group will be focused on trucking fleets, industrial equipment, construction companies and the mining industry. These are the areas where our systems can have the best ROI for users, good margins for our distributors and excellent profitable revenue for Eco-Tek. We are actively engaging several prospective distributors at this time and welcome inquiries from qualified businesses."
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing innovative and cost effective "green" lubrication products for the transportation, industrial and marine industries and development by their experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption while enhancing quality and performance.
Eco-Tek Group Inc. has marketed the company's products in Ontario for the past number of years and has established a solid base of highly satisfied customers. Recently Eco-Tek has established distributors in South America, and Europe and is now expanding its operations across North America and around the world.
Submitted on behalf of its board
This press release may contain forward-looking statements with respect to business conducted by Eco-Tek Group Inc. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.F.