
Cetek Technologies, Inc
2007 Year End Report to our Shareholders & 2008 Projections
POUGHKEEPSIE, New York - January 2008 - The management and employees of Cetek Technologies, Inc. wish all of its shareholders a prosperous and a Happy New Year.
Cetek Technologies (CTKH-Pink Sheets), a manufacturer of ceramic material for the electronics and power generating Industries as well as other applications, has made substantial advances on all fronts - sales, production, engineering, and new products.
The year of 2007 may be considered the year of consolidation and strengthening the home base as compared to 2006 - the year of expansion and acquisition.
The consolidation of the Belanger operation from Massachusetts to Poughkeepsie was successfully completed during the 1st half of 2007. New customers were added as a result of the move without loss of existing customers. Overall sales were down due to the interruption during the move. Customers continue to be pleased with our products and services. A program to upgrade key production equipment was initiated and is still underway. Total budget for this program is $175,000.
Hybrid-Tek is setting new milestones in product quality and overall performance. Although the overall hybrid market is shrinking, Hybrid-Tek is experiencing a slight increase in initial requests and subsequent sales. A 5-year business plan model and strategy is being developed. Final results will be available at the end of the 1st quarter of 2008.
Using the Cetek process, we were able to develop a competitive method of producing large and thick ceramic parts and components. In 2007 we focused on specific markets to create our own niche. So far limited success has been realized; however, positive feedback is still trickling in.
In mid-2007 Cetek Technologies kicked-off a new-customer initiative. This initiative is supported by our CRM "best practices" and we hope to get new customers in all three (3) business units and keep them. We value the revenue from our existing customers and they value their relationship with us because of our superior customer service and product quality.
The growth of this business is directly related to the cost of energy and economic outlook. Many economic questions are still unanswered for the year 2008. We expect moderate progress in certain aspects of the business while the major base maintains stability in this coming year.
The following presents selected, un-audited financial information:
Sales 2006/2007 .......... 3% increase
Current ratio................. 15:1
Outstanding shares......... 6.1B
We hope the information provided will help you understand our goals and objectives. If you have any questions or concerns, please contact us through our website. If you are a shareholder, please indicate your name, email address, and number of shares held, and we will respond as soon as possible.
Thank you for your commitment to Cetek Technologies, Inc.
Fayiz Hilal
President, CEO






