|By Marketwired .||
|June 20, 2014 08:30 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/20/14 -- Eco-Tek Worldwide Announces an Exclusive Agreement With a Major Distributor for Colombia Eco-Tek Group Inc. (OTCQB:ETEK) is pleased to announce a new Distributor for Colombia. The distributor has placed an initial test order which is being assembled for immediate shipment. The agreement requires John Mario Guerrero Leyton Ltee of Santiago de Cali, Valle del Cauca to place an initial order for $50,000 and to purchase a minimum of Cdn. $50,000.00 of the bypass system products during each 12 month period following the signing of five year agreement. "Eco-Tek is very pleased with our new relationship with Leyton," stated Mr. Tunks, Eco-Tek CEO. "Our Training Team will assist Leyton in installing systems at the various trial customers in Cali. Leyton is very pleased with our products and is looking forward to have our team visit with them. We expect Leyton to do very well in their marketplace."
Eco-Tek is continuing our expansion program in Latin America. Along with Chile, Peru and Mexico this makes our fourth distributor in the marketplace. Our Europe operations are also gearing up for additional distributors. We expect to continue to achieve our goals of greater than 50% growth in revenues per quarter.
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.