Publicly Traded Company ETEK International Inc. Announces Completion of a Change In Control


Posted December 3, 2023 by ValenciaAI

Publicly Traded Company ETEK International Inc. Announces Completion of a Change In Control With Valencia AI Group LLC

 
FOR IMMEDIATE RELEASE
ETEK Eco-Tek Group LLC: CARSON CITY, Nev., December 01, 2023 /PRNewswire/ -- Publicly traded company ETEK International Inc. (OTC Pink: ETEK) announces the completion of a change in control with Valencia AI Group LLC, a Delaware Corporation. Aída Gil Pérez, the CEO of Valencia AI, acquired majority voting control in a private transaction from Milan Hoffman, CEO of Emergent LLC. Valencia AI Group LLC has confirmed a change of ETEK's business model, redirecting its focus to Next Generation AI and AI Technologies. Valencia AI currently specializes in cutting-edge AI technologies currently being tested in auto manufacturing.

As part of the transaction, Aída Gil Pérez has been appointed Sole Director, and Milan Hoffman has resigned from her positions. "Our immediate focus in the coming weeks will be the removal of 'shell' status on OTC Markets and the performance of a full audit," stated the new CEO. "Once these preliminary actions are complete, we will submit a form 10Q and proceed from there. We are currently in the process of completing the initial change of control information needed for OTC Markets," she added.

Milan Hoffman will be assisting with Valencia AI's transition to the public markets for the next few months. "I'm beyond thrilled that we were able to find such an incredible CEO and team for ETEK. This will go a long way to restore shareholder value and may even surpass expectations," stated Milan Hoffman, CEO of Emergent LLC. "I am impressed with their management's experience and honored to be providing them with a public vehicle that will bring their vision to the next level. They have every resource and capability necessary to make ETEK realize its maximum potential."

Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Valencia AI Group LLC believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Valencia AI Group LLC is unable to give any assurance that its expectations will be attained. Factors or events that could cause actual results to differ may emerge, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by law.

About Emergent LLC:

Emergent LLC is a full-service business compliance firm. We strive to help our clients achieve the regulatory standard necessary for business restructuring and reverse mergers.
[email protected]
https://twitter.com/EmergentLlc

SOURCE ETEK International Inc.
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Issued By Aida G Perez
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Categories Services
Tags ai , artificial , reverse , merger
Last Updated December 3, 2023