Energtek, Inc. (EGTK.PK) Subsidiary Anticipates Reporting First Revenues in 2009
Energtek Inc., a leading developer of Adsorbed Natural Gas (ANG) technology, announced that its subsidiary Moregastech India Private Limited anticipates reporting its first revenues during the final quarter of this year. Moregastech India has a preliminary agreement for joint activities with an Indian entity that receives and distributes natural gas via India's existing pipeline infrastructure. Gas from the pipeline is to be transported to regional industrial and commercial consumers using Energtek's proprietary Low-pressure Mobile Pipeline (LMP(TM)) bulk transportation technology. Revenues will be generated from the distribution and sale of natural gas. Potential revenues, even for the relatively small projects foreseen…