Welcome!

Agile Computing Authors: Elizabeth White, Liz McMillan, Pat Romanski, Jeev Trika, Yakov Fain

News Feed Item

ProTek Capital, Inc. Shareholders updates outlook for 2013

Company in Negotiations to Acquire Legal Clicks dot Com and Superstar Management Group, Inc.

DALLAS, Dec. 29, 2012 /PRNewswire/ -- ProTek Capital, Inc. (OTCPK: PRPM) is pleased to announce Shareholders updates and recent developments. 

The management for ProTek Capital, Inc., filed to re domicile the company to Wyoming. Therefore saving on tremendous expenses of fees and filings with the current Nevada state. As part of preparation for the 2013 season and restructuring of ProTek, the company will open a New Software Development and Marketing office in Nashville. This is in anticipation of closing the Legal Clicks dot Com deal. In addition, ProTek will also have presence at current sister companies locations in Dallas Texas, New York and Florida. 

The company is in the final stages of negotiating a funding agreement that will facilitate a completion of several acquisitions. 

"We are very picky as to what kind of a deal we will entertain. My group is used to fund our own deals, as we have here with ProTek. However, as we proceed with high end acquisitions, we will seek help with funding groups that we know and trust. We are working with a very reputable group, that will help us achieve these ambitious goals without the typical 'toxic' or Death Spiral financings that is usually associated with Microcap companies and acquisitions. This will allow us to focus on fundamentals such as revenues, product development, earnings per share and EBITDA that will get ProTek a multiple that is indicative to a high tech and software development company. This will be combined with several already existing public companies that are in need of additional software and technology upgrades. These companies already agreed on the co-production deals, so the outlook for 2013 is starting to look very positive for ProTek Capital, Inc.," stated Edward Vakser, interim CEO of ProTek.

ProTek Capital, Inc., has been recently acquired by a new investment group. The new investors implemented a new business plan that would be fulfilled by new management and a newly appointed board. 

The recent developments in ProTek Capital, Inc., has prompted this management to release a shareholders update and a recap of recent developments. 

The management of ProTek will implement a monthly Shareholders Updates routine. "Along with the normal set of disclosures, significant events and Press Releases, the management will do a monthly Press Release to maintain an information and disclosure flow for our shareholders. We feel that the ProTek Capital in its past form has created a great following among the investment community and our management desires to honor and respect their loyalty to the company. We realized that as we took over and implemented the new business concepts and plans, the investors may speculate and have the wrong ideas about our intent and plans. So, as the interim CEO and a board representative, I wanted to assure that there are certain corporate actions that will not take place. For example, the current interim management as well as the newly assigned board of directors are not contemplating nor consider implementing and reverse stock split. However, we are implementing an aggressive 'buy back' program due to the fact that in our current management opinion, ProTek stock is extremely underpriced and undervalued.  Nor are we considering any sort of 'toxic' and/or convertible debenture financing. We feel that since we are self funding group, we can grow and prosper with the current loyal and supportive shareholders," stated Edward Vakser, Chairman/CEO of ProTek Capital, Inc.

To further recap of the company's current actions:

The Company has signed a letter of intent with Superstar Management Group, Inc., a boutique sports and entertainment Management Company that provides the representation that is given by a large agency in terms of image, and industry power. The letter of intent states that ProTek Capital would acquire a hundred percent ownership in Superstar Management Group in exchange for restricted shares in the Company. 

Superstar Management group was founded by Mr. Barry Mezey in 2007, and the company has been able to attain global recognition as a leader in strategically innovative marketing, management, media, event, and sponsorship services in the sports and entertainment industry. Superstar Management Group currently represents athletes, leagues, and entertainers in a variety of areas such as motor sports, tennis, sailing, soccer, football, and country music, amongst other areas.  Superstar Management Group works attentively with their clients in order to create unique and unparalleled brand identity. Some of Superstar Management Group's clients' both past and present include Leonard Marshall, Tim Hardaway, The Tim Hardaway Foundation, The Offense-Defense All American Bowl, Liga de Quito, Joey Licata, Jr., Thomas Vernhes, Steven Goldstein, Tommy Dalton, Ksenia Pervak and Sam Harrison

"We are excited about the possibility of being acquired by ProTek Capital, Inc.  We feel that ProTek Capital will provide the management and support that will enable Superstar Management Group to help our current client base move to the next level, while having the wherewithal to expand on the number of clients we represent," stated Barry Mezey, CEO of Superstar Management Group, Inc.

"We are accumulating companies that have synergies and can be vertically integrated between their product offerings and services. ProTek is poised to create Technology Driven Services and product offerings that will enable us to create a very unique hybrid of a company. We will also utilize the products and services of our current subsidiaries' and sister companies to provide services for the new acquisitions and their talent roster," stated Edward Vakser, CEO of ProTek Capital, Inc.

Further recap of recent activities:

ProTek Capital, Inc. is pleased to announce that the Company has signed an acquisition agreement with Legal Clicks dot com LLC. 

LegalClicks is the world's first and only proprietary pay-per-click ad network specifically for legal professionals. LegalClicks offers today's lawyer the ability to drive web traffic to their firm by using a bid based platform designed to take the hassle and confusion out of online marketing. LegalClicks matches consumers who have expressed an interest in legal services with corresponding lawyers in their area. By allowing legal professionals to target prospective clients the LegalClicks platform dramatically improves the ROI of their customers' online marketing spend.  www.legalclicks.com

"We are extremely excited to partner up with Legal Clicks LLC, not only is this a premier company in their own marketing space, but they represent a great beginning for ProTek capital's acquisition path. We, at ProTek Capital represent a group of investors and software developers, who are interested in building a software conglomerate. ProTek is targeting a high end and very specific software solutions and companies that will utilize the public social and marketing media," stated Edward Vakser, CEO of ProTek Capital, Inc.

About ProTek Capital, Inc.:

ProTek Capital, Inc., www.protekcapital.com, is organized and focused on funding and acquisitions of software and mixed media companies. Specifically, focused in the social media and entertainment industries. ProTek Capital is restructuring its current board and management in order to accommodate running a software and intellectual properties public company. Our new staff represents a group of managers,agents, designers, marketing professionals and software developers. Each new acquisition is also targeted to service and support several public companies with needs and issues that will be easily resolved by multiple "in-house" services and product offerings. Our current subsidiary www.acutesys.com  is a perfect example of cross platform synergy between all the acquisitions and sister companies. Acutesys will offer its product and services to all of ProTek's clients and acquisitions. 

For more information on Superstar Management Group, please visit www.barrymezey.com and www.legalclicks.com.

For more information, please visit www.protekcapital.com. And www.acutesys.com.  

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact:
For more information visit:
www.protekcapital.com  
[email protected]    

SOURCE ProTek Capital, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
Korean Broadcasting System (KBS) will feature the upcoming 18th Cloud Expo | @ThingsExpo in a New York news documentary about the "New IT for the Future." The documentary will cover how big companies are transmitting or adopting the new IT for the future and will be filmed on the expo floor between June 7-June 9, 2016, at the Javits Center in New York City, New York. KBS has long been a leader in the development of the broadcasting culture of Korea. As the key public service broadcaster of Korea...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...