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Dallas, Texas--(Newsfile Corp. - March 16, 2021) - ProTek Capital Inc., (OTC Pink: PRPM) ("the Company") announce today the New business development and Products launch by its "wholly owned" subsidiary Black Dragon Resource Companies Inc, (OTC Pink: BDGR) ("BDGR") ("BLACK DRAGON").
The management is excited to announce and congratulate Black Dragon Resource Company Inc., (BDGR) on its recent unveiling of the Business Direction and a "goal setting" marketing and new products launch. The "Black Dragon" branded products and services will utilize and market ProTek Capital Inc's own MJ, CBD, and other related products under its own: "Black Dragon" branding and label.
In cooperative exchange and participation, Black Dragon will use its own "digital currency" and "blockchain" based software to enhance the currency exchange and market expansion of ProTek Capital Inc's clients, shareholders, suppliers and trade partners. The management is equally excited to report and observe the growth and development of Black Dragon (BDGR) in such a short time frame since ProTek Capital Inc., acquired the company on February 1st, 2021. This development only increased PRPM's overall "market street value", by seeing the new acquired company grow from Market value of less than $ One Million ($ 1,000,000.00) and at $ .00005 PPS, to today's highest Market Value of over $ Sixty Million ($ 60,000,000.00) and highest PPS $ .002. This added value to PRPM's own street "market value" of $ 19.5 million today, only enhances the company's overall and combined "gross market value" of over $ 80 million US. This growth, along with liquidity and a strong bid support, not only enhance and adds to overall shareholder's value, but also moves the company closer to the $ 250 million benchmark for qualifying to move to the "big boards" such as NASDAQ! While in the "meantime" can have a reasonable forecast of $ .02 cent PPS which is another benchmark to qualify to OTCQB, the next trading "fully reporting" tier. And all that development, in its first 60 days.
"We promised our shareholders to announce ProTek Capital Inc's own busines plan, and new market direction right after the company receives its upgrade to the OTC Markets "Current Status". While we did not want to complicate our filings with new developments that could attribute to even slower "approval "process to upgrade the company, the management did not anticipate, nor predicted that the newly acquired asset (wholly owned subsidiary Black Dragon Resources Companies) ("BDGR"), would get there faster, and rejuvenate its trading, growth and PPS increase even before the parent company, PRPM, would. However, we take growth and increase in PPS any day no matter which company does it for us!" stated Edward Vakser, Chairman/CEO ProTek Capital Inc.
Recently the company ProTek Capital Inc., announced that the Company and its management acquired publicly traded company Black Dragon Resource Companies Inc. (OTC Pink: BDGR) on February 1st, 2021.
Both Companies recognized the unique market space that ProTek Capital Inc., has entered, and are excited to participate and ultimately take advantage of this beneficial strategic relationship. This will enhance the pursuit to increase PPS and add to the shareholders values for both companies and their affiliates.
"At ProTek Capital Inc., we always try to reach for higher goals and bring value to our PPS and portfolio. We have assembled a great team of managers and service providers who are involved in the final stages of our filings to move the company up to "OTCPK Current Status". OTC Markets just moved BDGR to "current status" on OTCPK and we eagerly anticipate when we can finally move to OTCQB/BB Boards. Our clients and acquisition prospects showed incredible trust and a "vote of confidence" for our efforts to upgrade companies to the next tier, such as "current status", and then OTCQB, and that is why they went ahead and completed all our deals and transactions. In fact, the BDGR Chairman will stay on to assist and facilitate both companies' growth and business development. As a company, we will publish our 2021 season "business Plan" and milestones development guide as soon as we move to "current status". When we started in MJ market space, there were only two states who embraced MJ market segment, and now 16 states completely legalized the MJ/Hemp/CBD commerce, 10 states have it as Medical and decriminalized it, and 3 more decriminalized, so it's a huge increase and new developments to enhance our position in MJ markets!" Stated Edward Vakser, CEO of ProTek Capital Inc.
The company will stay transparent and continue to report and disclose its progress and development of the 2021 business plan, filings updates, closures on more acquisitions and financial growth. (For both companies).
The by-product and as an additional bonus for its shareholders, there will be a "very handsome" stock dividend that will benefit all shareholders. That corporate action is already in the working stages with the State and other regulatory agencies. The management will release "record dates" and other details following this release ASAP
Please visit our Facebook page for frequent updates: https://www.facebook.com/MJVentureCapital
Black Dragon Resource Companies Inc. FB Page:
About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies. The company is focused on Mergers and Acquisitions of Cannabis, MJ, and CBD companies.
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.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
For more information:
Edward Vakser, Chairman/CEO
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