|By PR Newswire||
|December 29, 2012 01:26 PM EST||
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.
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.
SOURCE ProTek Capital, Inc.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 29, 2016 02:15 PM EDT Reads: 3,727
[session] Architecting for the Cloud By @RagsS | @CloudExpo @IBMBluemix #Cloud #Docker #Microservices
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 29, 2016 02:00 PM EDT Reads: 946
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 29, 2016 02:00 PM EDT Reads: 2,474
This complete kit provides a proven process and customizable documents that will help you evaluate rapid application delivery platforms and select the ideal partner for building mobile and web apps for your organization.
Aug. 29, 2016 12:00 PM EDT Reads: 2,996
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 29, 2016 12:00 PM EDT Reads: 3,185
The following fictional case study is a composite of actual horror stories I’ve heard over the years. Unfortunately, this scenario often occurs when in-house integration teams take on the complexities of DevOps and ALM integration with an enterprise service bus (ESB) or custom integration. It is written from the perspective of an enterprise architect tasked with leading an organization’s effort to adopt Agile to become more competitive. The company has turned to Scaled Agile Framework (SAFe) as ...
Aug. 29, 2016 12:00 PM EDT Reads: 948
Let's just nip the conflation of these terms in the bud, shall we?
"MIcro" is big these days. Both microservices and microsegmentation are having and will continue to have an impact on data center architecture, but not necessarily for the same reasons. There's a growing trend in which folks - particularly those with a network background - conflate the two and use them to mean the same thing.
They are not.
One is about the application. The other, the network. T...
Aug. 29, 2016 09:30 AM EDT Reads: 4,726
If you are within a stones throw of the DevOps marketplace you have undoubtably noticed the growing trend in Microservices. Whether you have been staying up to date with the latest articles and blogs or you just read the definition for the first time, these 5 Microservices Resources You Need In Your Life will guide you through the ins and outs of Microservices in today’s world.
Aug. 29, 2016 08:30 AM EDT Reads: 5,205
This is a no-hype, pragmatic post about why I think you should consider architecting your next project the way SOA and/or microservices suggest. No matter if it’s a greenfield approach or if you’re in dire need of refactoring. Please note: considering still keeps open the option of not taking that approach. After reading this, you will have a better idea about whether building multiple small components instead of a single, large component makes sense for your project. This post assumes that you...
Aug. 29, 2016 08:15 AM EDT Reads: 5,295
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 29, 2016 08:00 AM EDT Reads: 847
Before becoming a developer, I was in the high school band. I played several brass instruments - including French horn and cornet - as well as keyboards in the jazz stage band. A musician and a nerd, what can I say? I even dabbled in writing music for the band. Okay, mostly I wrote arrangements of pop music, so the band could keep the crowd entertained during Friday night football games. What struck me then was that, to write parts for all the instruments - brass, woodwind, percussion, even k...
Aug. 29, 2016 06:45 AM EDT Reads: 3,194
Sharding has become a popular means of achieving scalability in application architectures in which read/write data separation is not only possible, but desirable to achieve new heights of concurrency. The premise is that by splitting up read and write duties, it is possible to get better overall performance at the cost of a slight delay in consistency. That is, it takes a bit of time to replicate changes initiated by a "write" to the read-only master database. It's eventually consistent, and it'...
Aug. 29, 2016 05:15 AM EDT Reads: 3,232
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 29, 2016 03:00 AM EDT Reads: 2,428
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 29, 2016 02:15 AM EDT Reads: 1,837
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 29, 2016 01:45 AM EDT Reads: 2,201
This digest provides an overview of good resources that are well worth reading. We’ll be updating this page as new content becomes available, so I suggest you bookmark it. Also, expect more digests to come on different topics that make all of our IT-hearts go boom!
Aug. 29, 2016 01:30 AM EDT Reads: 4,852
It's been a busy time for tech's ongoing infatuation with containers. Amazon just announced EC2 Container Registry to simply container management. The new Azure container service taps into Microsoft's partnership with Docker and Mesosphere. You know when there's a standard for containers on the table there's money on the table, too. Everyone is talking containers because they reduce a ton of development-related challenges and make it much easier to move across production and testing environm...
Aug. 28, 2016 10:30 PM EDT Reads: 5,248
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, Digital Transformation, 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 opportuni...
Aug. 28, 2016 10:30 PM EDT Reads: 4,076
Aug. 28, 2016 10:30 PM EDT Reads: 4,899
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Aug. 28, 2016 08:15 PM EDT Reads: 1,973