EnerTeck Corporation Announces 4-for-1 Stock Split
STAFFORD, Texas, Aug. 2, 2004 -- EnerTeck Corporation (BULLETIN BOARD: ETCK) (the "Company") announced today its intention to take the appropriate steps to initiate a 4-for-1 forward split of the Company's common stock with an effective date of mid September, 2004. This forward split will allow EnerTeck to reach a broader investor audience by making more shares available in the public float and adjust the company structure to better position it for future capital raising transactions.
About EnerTeck Chemical Corp.
EnerTeck Chemical Corp. is the wholly owned, operating subsidiary of EnerTeck Corporation, a Company focused on the development and/or acquisition of combustion enhancement, emission reduction, and other environmentally friendly energy technologies. EnerTeck's diesel fuel specific combustion catalysts, EnerBurn and EC5931A form a non-hazardous nano-catalyst surface on the diesel combustion chamber and piston heads. This catalyst lowers the combustion temperature of carbon and accelerates oxidation, which enhances the burn rate of diesel fuel in engines. Current users of EnerBurn experience increased fuel economy of between 8-15%, reduced engine wear of 30-50%, and increased brake horsepower of approximately 4%. EnerBurn's verifiable impact on the environment includes decreased highway smoke of 25-70% and reduced NOx emissions of 10-20%. This technology was originally introduced commercially by Nalco/Exxon Energy Chemicals, L.P., a joint venture between Nalco Chemical Corporation and Exxon Corporation. Additional information can be obtained by contacting the Company's President, Parrish B. Ketchmark or the Company's CFO, Leon van Kraayenburg at (281) 240-1787 or by visiting the Company's web site at http://www.enerteck.net/ .
About EnerTeck Corporation
EnerTeck Corporation acquired EnerTeck Chemical Corp. in January 2003. With this first acquisition, EnerTeck Corporation intends to continue to pursue acquisitions within the energy technology arena. Further information about EnerTeck Corporation may be obtained by contacting the Company's President, Parrish B. Ketchmark or the Company's CFO, Leon van Kraayenburg at (281) 240-1787.
This release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that EnerTeck Corporation believes are reasonable, but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in EnerTeck Corporation's filings with the Securities and Exchange Commission ("SEC") (at http://www.sec.gov/ ), including its Annual Report on Form 10-KSB for the year ended December 31, 2003 and its Registration Statement on Form SB-2, as amended, that was declared effective by the SEC on February 11, 2004.