Energtek Receives State Permit to Deliver Natural Gas in Vermont

NEW YORK, Oct. 8, 2014 /PRNewswire/ -- Energtek Inc. (OTC BB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, has been informed that Energtek North Country Inc. ("ENCI"), received an important regulatory ruling from the Vermont Public Service Board.  ENCI is pleased to announce that the Vermont Public Service Board exercised its discretion to allow "competitive market forces to control rates, service quality, and reliability" for ENCI's commercial and industrial natural gas customers, especially to small and mid-size enterprises, rather than using regulated rates. 

As a result, ENCI plans to provide natural gas to commercial and industrial customers via truck delivery in the State of Vermont without Board oversight of its rates, management, or the construction of its proposed natural gas compression facility in Swanton, Vermont.  In its October 1, 2014 ruling, the Board stated that ENCI's plan to supply natural gas to customers without pipeline access will compete with propane and other trucked fuels, relying on market forces to control price and service quality.   

Timothy Nulty, ENCI's CEO, stated, "We are excited to bring trucked natural gas to these markets.  We believe our innovative technology will allow our customers to save money today and profit from the price, efficiency, and environmental advantages of natural gas over competing fuels, without waiting for pipeline distribution infrastructure to be permitted and constructed."

Added Yoav Krill, Energtek's CEO: "We are reaching our goals as spelled out in our business plan, and Vermont will be one of the first states where we begin operations.  We sincerely thank the successful efforts of our ENCI management and legal teams for receiving the necessary the state rulings allowing deliveries of natural gas to our customers in 2015."

About Energtek  
Energtek develops and applies innovative mobile transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and NGV.  Energtek operates subsidiaries in North America, Europe and Asia. 

To learn more about Energtek, visit the newly revamped website: 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] 
(212) 999.6202

SOURCE Energtek Inc.

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