DALLAS, TX -- (Marketwired) -- 02/28/14 -- ProTek Capital/ Luxuriant Holdings (OTC Pink: PRPM) ("the Company") announces today Changes to the Board of Directors; and Reporting on Progress.
Luxuriant Holdings today made the following changes to its Board of Directors. Mr Vakser officially resigned his position as chairman to focus on expanded operations at his other companies. The company has appointed Mr. Michael Ronchetti as our new Chaiman, effective immediately. All update have been submitted to otc markets and will be reflected within 48 hrs. "We greatly appreciate all that Mr. Vakser has done for our company and wish him the best with the expanded business plans at PBS Holding Inc., and 3D Entertainment Holdings Inc. Mr. Ronchetti is a dynamic individual who is goal oriented and will be an immense asset to our company and its shareholders," said Mr. Jeffries/CEO.
We have been very busy executing our plan and would like to update you on the following developments. We are wrapping up talks with our first grower in Washington St. and will be announcing details early next week. We have also designed a branded "chill" cannabis drink which we will distribute through our upcoming partnerships and market wide starting in Colorado. We will be announcing trade show attendance schedules next week and are very excited about our partnership with Vortex in this arena. We also plan on a full launch of our website by end of next week. We have had many interested parties contacting us for funding and other type partnerships and expect to be announcing many new deals over the coming months.
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About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies.
Forward-Looking Statements: 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.