Protek / Luxuriant (OTC Pink: PRPM) (PINKSHEETS: PRPM) ("the company") announces today the sale of our proprietary ERP software MaryGen for an equity stake currently valued at over $500,000 to 3D EYE Solutions.
Protek/Luxuriant Holdings is proud to announce the sale of MaryGen to 3D Eye Solutions for 50,000 shares of Preferred stock. Under the terms, 3D EYE has contracted a 20 year ERP software veteran to finish development and we will assist in marketing MaryGen through our ties in the 420 industry. We see this as an opportunity to take a stake in, what we see as, a greatly undervalued company while at the same time clearing the way to streamline our focus on the supply area of the sector.
"We feel that the terms presented to us were a win/win scenario for our company and its shareholders, allowing us to use and profit from MaryGen while booking a stake in another asset, all while freeing up manpower and funds for our focus on expansion in the supply side of the sector," stated Mr. Jeffries.
Thank You
Luther Jeffries
CEO Protek / Luxuriant Holdings
www.luxuriantholdings.com
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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.
CONTACT:
For more information:
Luther Jeffries
CEO Protek / Luxuriant Holdings
www.luxuriantholdings.com
lutherjeffries@gmail.com
SOURCE: ProTek Capital, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
PRPM_3-26-2014_LST_ETL.docx
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