|By Marketwired .||
|June 18, 2014 09:07 AM EDT|
TORONTO, ONTARIO -- (Marketwired) -- 06/18/14 -- Eco-Tek Group Inc. (OTCBB: ETEK) is pleased to the signing of a Co-operation Agreement with Enterprise Europe Network. The Agreement, spearheaded by the Technology Transfer Centre at the University of Zielona Gora, will promote Eco-Tek and its products to nearly 600 institutions in the EU marketplace. It is important to note that the program is financed from EU funds. Included in the Agreement is assistance from the University in obtaining EU research grants for the enhancement of the Company's products and product compliance within the EU.
"This Agreement opens many doors for Eco-Tek in Europe" said Stephen Tunks, Eco-Tek CEO, "Mr. Jasinski, (Eco-Tek Vice President for European Operations) has achieved a major breakthrough with this program both in direct market presence and in placing Eco-Tek on the inside track with institutions across the entire EU marketplace." Eco-Tek EU will provide a significant increase in our business prospects for this year, allowing the Company to reach the upper end of our revenue targets for 2014.
In other news, we have received word from our Auditors with regards to our 2013 10K filing. "We are scheduled to complete in the week beginning June 30." stated Mr. John Malone of Malone Bailey. The Company is providing every assistance that we can to the Auditors.
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, in Europe 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.