POUGHKEEPSIE, N.Y., Aug 03, 2006 (BUSINESS WIRE) -- Cetek Technologies, Inc. (Pink Sheets:CTKH), a manufacturer of ceramic material for the electronics and power generating industries, and in conjunction with its wholly owned subsidiary, Hybrid-Tek Inc., manufacturer of hybrid products used in electronic functions including switch driver circuits, laser diode sub-mounts, high-speed microwave components, and sophisticated high-density, multi-layer circuits, reported today that they have completed and closed on the following acquisition.
Belanger Ceramic Grinding Inc., based in Chelsea, Massachusetts, is now a wholly owned subsidiary of Cetek Technologies, Inc. Belanger Ceramic was founded in 1962 by Mr. Don Belanger, and specializes in precision polishing and grinding for a wide range of prototype, experimental and full production of ceramic products. Over the years, Belanger Ceramic has earned a reputation in superior precision machining of various structural ceramic and composite components, both for private industry and in the public sector. Belanger has received many awards from customers and from the federal government for developing unique systems and procedures.
Mr. Belanger will remain on as General Manager and will maintain its operation at the present facility for the immediate future.
Fayiz Hilal, CEO of Cetek Technologies, stated, "The addition of Belanger Ceramic to the Cetek family is most welcome, and will broaden our customer base while complementing our existing facilities and operations in Poughkeepsie, NY, and Clarksburg, NJ. We are very pleased to have been able to make this happen, and with no new equity dilution."
In addition, Cetek has engaged IMW Global, Inc. (http://www.imwconsulting.com), a Westchester-based online consulting firm specializing in innovative, cost-efficient solutions over the Internet.
On another subject, the Company's annual shareholder meeting is scheduled to be held at 2:00 PM on Thursday, August 24, 2006, in the Sunrise Room on the 104th floor of the Stratosphere Tower Hotel and Casino in Las Vegas, Nevada.
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