Cetek Technologies, Inc. (Pink Sheets:CTKH) today announced the acquisition of Hybrid-Tek, Inc., a thick film on ceramic manufacturer. This acquisition is a 100% (wholly owned) subsidiary of Cetek Technologies, Inc.
Regarding the acquisition, the company is a New Jersey-based manufacturer that has been in continuous operations since 1982. The acquired company specializes in high quality thick film technology on ceramic for aerospace and various other applications. Thick film technology is the process by which circuitry is placed on ceramic substrates.
As previously stated, the growth of Cetek would be from internal expansion by product and customer additions, as well as by acquisition of manufacturing companies with similar synergies. This particular acquisition is expected to take advantage of various synergies that should serve to complement Cetek's operations.
Cetek CEO Fayiz Hilal stated, "This acquisition will provide more exposure to Cetek Technologies, as well as for Cetek's ceramic into more markets. This company has considerable talent and growth potential, which should most certainly enhance Cetek's overall business model. We are pleased to be able to make this announcement, and we will provide more information as warranted."
About Cetek Technologies
Cetek Technologies' principal activity is to market and manufacture ceramic products for several different industries. Cetek products are of high grade industrial ceramics including alumina, cordierite, mullite, and zirconia for thermal shock, wear, electrical isolation and corrosial resistance applications. Cetek's substrates are commercially produced in 12 inch, as well as larger size, panels.
SOURCE: Cetek Technologies, Inc.
Stock Enterprises Jim Stock, 702-274-5400 Copyright Business Wire 2005
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you. Posts: 551 | From: Wisconsinite | Registered: Oct 2003
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Hello, I have had 75000 shares for a few months now. It was a stock I bought when I first started off. I am still trying to figure out how to look at the numbers to find out how high it can go. I sold msep as it started going up and could have made 5 grand on it if I would have waited till the end of day.
Thanks for any help.
Posts: 4 | From: pittsburgh | Registered: Feb 2005
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quote:Originally posted by nova: Hello, I have had 75000 shares for a few months now. It was a stock I bought when I first started off. I am still trying to figure out how to look at the numbers to find out how high it can go. I sold msep as it started going up and could have made 5 grand on it if I would have waited till the end of day.
Thanks for any help.
That is the question that all of us would like to be able to answer. How High... The truth is that no one knows.
You can get an idea by looking at charts and find the support and resistance points. That will give you an idea on the range that particular stock had traded at certai point in the past.
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