WOODBRIDGE, Ontario, March 25, 2013 (GLOBE NEWSWIRE) -- Eco-Tek Group Inc.(OTCBB:ETEK) is pleased to announce that an agreement has been finalized appointing Cloverly Auto Business Centre of Silver Springs, Maryland as the exclusive distributor of Eco-Tek lubricants, liquid products and filtration systems for the state of Maryland.
Currently engaged in the operation of a service centre, truck repair and rentals, a U-Haul dealership and related automotive activities, the new affiliation with Eco-Tek Group presents new and exciting opportunities.
With an extensive background in mechanical engineering and business management, Mr. Peter Fosah, the CEO and general manager of Cloverly Auto Business Centre is well qualified and positioned to establish Eco-Tek products as the premier brand of green lubricants and oil purification filtration systems throughout the state.
About Eco-Tek Group Inc.:
Eco-Tek Group Inc. is a Toronto, Ontario based company founded in 2009 specializing in the development and marketing of innovative and cost effective green lubrication and filtration products. The Company's products are sold to both the end user/consumer in retail outlets, and direct to businesses for fleet applications. Eco-Tek products have a wide range of applications in the transportation, marine, and industrial sectors. These products are the result of ongoing research and development by experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies, Eco-Tek Group Inc. is dedicated to the design and formulation of cutting edge products with the goal of reducing fossil fuel consumption while improving both quality and performance. The Company has sold its products primarily in the Ontario marker for the past three years establishing a base of highly satisfied core customers. Eco-Tek is now ready to expand its operations by selling throughout North America and internationally.
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.