FT. LAUDERDALE, Fla., Oct. 28, 2003 (PRIMEZONE) -- Tekron Inc. (OTCBB:TKRN) (http://www.tekron-inc.com) provided a general address from the company President Luigi Brun and Dr. Jim Insell (CEO) to the shareholders.
Our Shanghai Investment Banker will provide the Completion of the Private Placement for 15 Million Dollars. The 15 Million Dollars will be distributed for the following Three Divisions:
#1. Tekron BioTech Medical, 5 Million Dollars.
#2. 5 Million into The Tekron Biotech Waste Management.
#3. The remaining funds of 5 Million Dollars will be issued
to the Tekron High Tech Compression.
The press release dated July 24, 2003, regarding Russian Oil has been terminated, and the July 28, 2003 release for the Canadian Exploration has been also Terminated due to our due diligent discoveries -- the Broker has not fulfilled terms and agreements as Per initial contract.
These Three divisions are a subsidiary of Tekron Inc. further disclosure and details will be disclosed once the placement has been completed.
Tekron Inc. has applied for Federal Grants with the Canadian and Chinese Government a further update and details will follow:
Tekron Inc. is in 3 different business' through its wholly owned subsidiary Worldwide Management, given The companies' current growth to date projected growth Of the BioTech and the High-Tech industry our project Expansion into the Asian and European markets and prospective acquisitions, management feels comfortable providing the following guidance for the next Three years.
Fiscal Fiscal Fiscal
Year 2004 Year 2005 Year 2006
Revenue 19550520 46810290 116970350
Expenses 14230410 31350180 75360140
EBITDA 5320110 15460110 41610210
This Market, we are tapping into, is an excess of a One Hundred Billion Dollar Market.
About Tekron:
To receive company news release via e-mail, mail to info@tekron-inc.com.
Tekron, Inc., http://www.tekron-inc.com, and its subsidiaries are engaged in the commitment to the preservation of the environment through the use of ecologically safe and efficient technology.
The information contained in this press release may contain "forward-looking statements" within the meaning of the U.S. Federal Securities Laws. Such statements are based on the current expectations of the management of Tekron, Inc. only, and actual results may differ materially.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. U.S. SEC exemption number is 12g3-2 (b) 82-5137. Special Note: Management believes certain statements in his press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the performance of the company's anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.