Energtek Creates Subsidiary to Advance Business Developments in Serbia

NEW YORK, September 14, 2010 /PRNewswire-FirstCall/ -- Energtek Inc., a leader in hi-tech natural gas solutions and world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that its subsidiary, Energtek Products Ltd., is establishing a subsidiary, Energtek SR d.o.o., to carry out business operations in Serbia.

The decision was taken following the advancement of business development in Serbia during the past several months, and the potential for the further development of activities expected during the months forthcoming.

Energtek SR will focus its activities on the transport natural gas to industrial consumers utilizing the Energtek's mobile energy solutions including the proprietary Low-pressure Mobile Pipeline (LMP(TM)) system.

Energtek SR will purchase natural gas from local energy sources. The subsidiary will leverage Energtek's technology to transport and then sell the natural gas, providing a complete ongoing energy supply solution to end users.

"We are pleased that business development efforts have led to the creation of our new subsidiary in Serbia," said Energtek CEO Lev Zaidenberg. "Combining Energtek's expertise together with local partners, we can employ our proprietary solutions to provide ongoing energy supply to industrial consumers that never before had access to clean-burning natural gas."

"We are excited by the potential created by the vast distribution opportunities in Serbia and hope to report additional advances in the region in the near future."

About Energtek

Energtek develops and applies proprietary low-pressure storage technology to provide complete well-to-wheel pipeless Natural Gas supply solutions to industrial consumers and fleets of small vehicles. Energtek's Natural Gas solutions reduce pollution and alleviate consumer energy costs. Energtek provides competitive bulk transportation solutions to industrial users and a profitable alternative motor fuel solution for 2- and 3-wheel vehicle drivers in Asia. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit http://www.energtek.com

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and other matters set in Energtek's filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

    Contacts:

    Investor Relations
    [email protected]
    +1-212-999-6202

    Energtek Inc.
    11 East 44th St., New York, NY 10017, USA
    Tel +1(212)999-6202 | Fax +1(212)208-4344
    [email protected] | http://www.Energtek.com

SOURCE Energtek Inc.