Cetek Shareholders` Report for the Fourth Quarter 2003
January 30, 2004 10:09:00 (ET)
POUGHKEEPSIE, N.Y., Jan 30, 2004 (BUSINESS WIRE) -- Cetek Technologies Inc. (OTC Pink Sheets: CTKH) reports that the fourth quarter of 2003 was the first profitable quarter in over four years. Revenues for the year 2003 were 185% higher than the year 2002.
Importantly, Cetek made a significant advancement during this past quarter, to become established in the nanotechnology field. The Bush administration has signed a $4 billion appropriation for nanotechnology. This is an exciting, innovative technology with far-reaching potential applications. Nanotechnology is considered to be the basis for the next industrial growth. Cetek is well positioned in this field, and continued development and progress in this area should be fast and aggressive, both for the company and the industry.
Larger sintering furnaces, in the ceramic area, will come on line the first quarter of 2004, hence increasing available capacity by threefold. Having this increased capacity will have a favorable impact on the response time to customers. So far, Cetek has been able to maintain all shipments on schedule.
Cetek's primary customer from England, for whom we are building special furnaces, has issued Cetek Technologies more orders for these large furnaces. This product has generated strong demand in the United States and overseas. Substantial sales for this product line are expected throughout 2004 and into 2005.
Also, Cetek Technologies is proud to announce it has initiated its stock buyback program for the benefit of the shareholders. No information will be disclosed until it is completed, and no specific time limit has been set.
Cetek Technologies Inc.'s CEO, Fayiz Hilal, stated, "I am pleased with the quarterly results and very optimistic about Cetek's business landscape and I think it will be another rewarding and profitable year. I thank all shareholders for their continuous support. We will endeavor to keep shareholders informed of our efforts in developing Cetek into a significant player in this industry. We believe these recent events will lead to increased shareholder value."
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believe," "expects," "projects," "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the act and subject to the safe harbor created by the act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties.
SOURCE: Cetek Technologies Inc.
duelittle2
posted
An Important Point on Price movement is that a lot of people were dismayed by the lack of pps Uptick - but the Company is Buying Back Shares - so the pps was good for them - it would have been to a disadvantage to put too much info in the PR that could of driven the pps much higher - I feel it will rise and maybe faster than most think! I am taking advantage of the pps where it is to accumulate while I can -
Found this post on RB
TO ALL CTKH INVESTORS by: pneusch1 01/30/04 03:26 pm Msg: 28942 of 28961
I just got off the phone with CTKH managment and I was told that the reason there was no specific numbers on revenues is becasue the SEC won't allow them to publish them because they are a non reporting company. By putting out specific numbers they told me could get them into trouble. I was also told that that they are waiting to finish the share buyback at the right price, so my guess is that the pric willbe going down, they will finish the buy back, and up it goes! They told me that they are shooting to become a full reporting company and get listed by trhe end of the year. Hold on longs, this one will really payoff for those who are patient. GLTA longs.
Other tidbits I read on RB
CTKH grows carbon NANO-tubes on the subsrates is what I read om RB
Also Fuel Cell Substrate seems to be in their Future - I think w/ FCEL
An E-Mail Recieved
From: Stockenter@aol.com Add to Address Book Date: Fri, 30 Jan 2004 23:35:39 EST Subject: Re: Website + Feul cell sector To: duelittle2@xxxxxxx
In a message dated 1/30/2004 11:22:59 AM Pacific Standard Time, duelittle2@xxxxwrites:
This is what I Asked
Hi
Any idea when the web site may be Up and running?
Also - is there communication w/ the Feul Cell sector?
tia -- duelittle2
Response
This morning's press release did not reference anything within the fuel cell area, so I would not focus on that for the time being.
As for the website, it is under construction and expected to be launched soon - within a few weeks, hopefully.
quote:Originally posted by gpmac: RELEASED TODAY!
Cetek Shareholders` Report for the Fourth Quarter 2003
January 30, 2004 10:09:00 (ET)
POUGHKEEPSIE, N.Y., Jan 30, 2004 (BUSINESS WIRE) -- Cetek Technologies Inc. (OTC Pink Sheets: CTKH) reports that the fourth quarter of 2003 was the first profitable quarter in over four years. Revenues for the year 2003 were 185% higher than the year 2002.
Importantly, Cetek made a significant advancement during this past quarter, to become established in the nanotechnology field. The Bush administration has signed a $4 billion appropriation for nanotechnology. This is an exciting, innovative technology with far-reaching potential applications. Nanotechnology is considered to be the basis for the next industrial growth. Cetek is well positioned in this field, and continued development and progress in this area should be fast and aggressive, both for the company and the industry.
Larger sintering furnaces, in the ceramic area, will come on line the first quarter of 2004, hence increasing available capacity by threefold. Having this increased capacity will have a favorable impact on the response time to customers. So far, Cetek has been able to maintain all shipments on schedule.
Cetek's primary customer from England, for whom we are building special furnaces, has issued Cetek Technologies more orders for these large furnaces. This product has generated strong demand in the United States and overseas. Substantial sales for this product line are expected throughout 2004 and into 2005.
Also, Cetek Technologies is proud to announce it has initiated its stock buyback program for the benefit of the shareholders. No information will be disclosed until it is completed, and no specific time limit has been set.
Cetek Technologies Inc.'s CEO, Fayiz Hilal, stated, "I am pleased with the quarterly results and very optimistic about Cetek's business landscape and I think it will be another rewarding and profitable year. I thank all shareholders for their continuous support. We will endeavor to keep shareholders informed of our efforts in developing Cetek into a significant player in this industry. We believe these recent events will lead to increased shareholder value."
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believe," "expects," "projects," "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the act and subject to the safe harbor created by the act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties.
SOURCE: Cetek Technologies Inc.
[This message has been edited by duelittle2 (edited January 31, 2004).]
[This message has been edited by duelittle2 (edited January 31, 2004).]
Spork
posted
if i understood right then the price is going to go down soon as they buy themselves back? I dont understand, wouldnt the price go up?
ozzy33
posted
I've been tryin to buy this stock forever. However, on my scottrade streaming quotes it says it has no ask or bid and that i should contact my local branch? Is this normal? How else can i buy?
bamaman
posted
CTKH is a pinksheet stock, I don't believe you can buy pinksheets online with scotttrade. You have to call your broker to buy.
TRSTURGUT-18
posted
SPORK,
When companies announce a buyback it is a great thing for the shareholders in the longer term..The buyback also causes the price to drop in the near term until the buyback is concluded thus allowing the company to buyback at lower prices.This should bounce back and right thru .07 as it has hit .07 twice and not been able to hold.GLTA
TRS-18
Spork
posted
quote:Originally posted by TRSTURGUT-18: The buyback also causes the price to drop in the near term until the buyback is concluded thus allowing the company to buyback at lower prices.This should bounce back and right thru .07 as it has hit.
How imminent is the buyback conclusion?
[This message has been edited by Spork (edited January 31, 2004).]
rajarammx
posted
quote:Originally posted by Spork: if i understood right then the price is going to go down soon as they buy themselves back? I dont understand, wouldnt the price go up?
They should side trade it from now on...price should not go lower then 20%...actually its in there benefit to buy couple of million let it go high...sell...ask the mms to bring it back down...& repurchase....so I am assuming they will side trade it.
I am also saying this from RNKE who also has a buyback plan & they have been sidetrading it between 0.008x & 0.01x
If one is good enough to detect the buys & sells, they could ride the wave....for some profit.
posted