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Cetek Technologies, Inc. Announces Korean Contract Valued at $10M
December 14, 2006
Cetek Technologies, Inc. (Other OTC:CTKH.PK - News) reported today that they have been awarded a contract with South Korean-based trading company, Linco Ltd. The contract is to supply all of Linco's ceramic component needs. Delivery is to commence in the first half of 2007. The value of this contract is estimated at $10 million. Linco customers are semiconductor fab manufacturers in the U.S. and in the Far East. Fayiz Hilal, CEO of Cetek Technologies, stated, "We consider this new relationship to be very sound, and we are flattered that such a reputable Korean company has determined that Cetek should be used to meet their needs for high-quality ceramic products and services. This contract highlights Cetek's international stature in the industry and its capabilities for producing the highest grade ceramic components for the semiconductor manufacturing industry."
Hybrid-Tek, Inc. Reports Best Year in Past Twenty Years
November 14, 2006
Hybrid-Tek, Inc., a wholly owned subsidiary of Cetek Technologies, Inc. (Other OTC:CTKH.PK - News), reported today that they are completing their highest sales revenue year in its twenty-plus year history. Fayiz Hilal, CEO of Cetek Technologies, stated, "The customers of Hybrid-Tek are very satisfied, in that they not only stay with us, as repeat customers, but they often increase their orders. We are proud of the team at Hybrid-Tek and the commitment and dedication they have shown, which is evidenced by this impressive year of revenue and profit growth." In spite of this year's unprecedented success, Hybrid-Tek, which manufactures thick film microcircuits and precious metal conductor assemblies for industrial, commercial and military applications, expects 2007 to be even better. "2006 is going to be Hybrid-Tek's best year ever, both top and bottom line. Sales have been growing substantially, especially in sensors. Bids are out for a large number of new jobs, and we are expecting that 2007's revenues could be 20 percent more than what we'll book in 2006," stated Mr. Hilal.
Cetek Technologies, Inc. Optimizes Operations
November 9, 2006
Cetek Technologies, Inc., (Other OTC:CTKH.PK - News) a manufacturer of ceramic material for the electronics and power generating industries, and in conjunction with its wholly owned subsidiaries, Hybrid-Tek Inc. and Belanger Ceramic Grinding, announced today that they have completed the physical relocation of Belanger Ceramic into the Poughkeepsie facilities at Cetek's home base. This move will consolidate operations of the two entities, as well as providing immediate overall financial benefit to the Company. Fayiz Hilal, CEO of Cetek Technologies, stated, "By consolidating Belanger Ceramic into Cetek Technologies' existing facilities and operations in Poughkeepsie, we are maximizing efficiencies of operations by saving in redundant expenditures, while reducing overhead expenses dramatically." Initial feedback from customers has also been positive. "The move is being well-received by customers because it gives them flexibility and increases their exposure in this high tech field," stated Mr. Hilal. The Company is also expecting to release financial news in the near future.
Cetek Technologies Inc. Third Quarter Status Report
November 7, 2005
Cetek Technologies Inc. (Pink Sheets: CTKH - News), 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, multilayer circuits, files the following brief status update for the third quarter. Slight weakness in Hybrid-Tek and Cetek's revenues was experienced for the period. The slowing in Hybrid's revenues is of a more seasonable nature and that could last another two quarters, and is not expected to be a long-term trend. Demand for ceramic and related items was slow when compared to the same period in 2004. On the bright side, demand for the aluminum reclamation furnaces is picking up. The 3rd quarter witnessed the installation of the latest reclamation furnace and related components at the biggest aluminum recycling plant in the world. Demand for these furnaces is accelerating as more units are installed and their performance gauged by other potential users. New market and special applications of ceramic is an endless endeavor. The company is continuously working on new projects that would meet those criteria and could offer Cetek a significant niche market. As a publicly traded company, the management of Cetek refrains from commenting on rumors and speculation for many reasons. From a marketing strategy, it is poor business practice to allow competitors to know of your standing and give them a score card of your effort. Also, if a public announcement is premature, it could be adversely interpreted or viewed by federal and state regulators. Cetek held its annual shareholder meeting in Las Vegas in August. Approximately 25 shareholders of record attended. All production furnaces are running 24/7. We are still on target to have "The Ceramic Store" operational by year end. Cetek Technologies, along with Hybrid-Tek (http://www.hybrid-tek.com) continues to explore the potential application of the company's ceramics, and thick film processes, in the ever-growing electronics industry wherein high-grade ceramic material has commercial application. The management still views the growth of the company to be a two-prong approach. The first is through internal growth and the second through acquisition of complementary business. From the company's inception, we've focused on building a company with solid fundamentals, and with superior, state-of-the-art technology. We continue to make good progress, each quarter, toward our corporate objectives. In closing, I thank all shareholders for their continuous support, as we strive to build shareholder value for all of our stockholders. Respectfully submitted, Fayiz Hilal CEO and President
Cetek Technologies, Inc. Second Quarter Status Report
July 29, 2005
Cetek Technologies, Inc., (Pink Sheets:CTKH) a manufacturer of ceramic materials 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, files the following brief status update for the second quarter. Sales revenues in all sectors of the company continue to improve, with the recently ended second quarter remaining strong in production and shipment of our ceramic, and other products. Revenues were up from the comparable quarter in 2004, and as has been the case of the past several quarters, Cetek continues to operate with net positive cash flow. Cetek has set Friday, August 26, 2005, at 2:00 PM for its annual shareholder meeting, to be held at the Riviera Casino Hotel, 2901 Las Vegas Blvd. in Las Vegas, Nevada. Shareholders of record as of July 11, 2005, will be entitled to attend. Operationally, we have reported previously about having an order backlog. Demand for Cetek's proprietary ceramic material has been outpaced by our capacity to produce the substrate. Cetek is pleased to report that, to better meet this shortfall, three new high capacity ovens have just been completed and are now operational. These custom-built ovens will significantly enhance our production capabilities of large footprint of our ceramic material. These large ovens are designed to be running twenty-four seven, with generator backup in the event of temporary power disruption. They were in development for more than a year, and we are very pleased to have these proprietary ovens now on line. We have discussed developing a new marketing plan that includes the launching of a new Internet-based division called "The Ceramic Store." Although this has been discussed and anticipated, it is still under development at his time. We do expect The Ceramic Store to be operational by the end of the year. Cetek Technologies, along with Hybrid-Tek (http://www.hybrid-tek.com) continues to explore the potential application of the company's ceramics, and thick film processes, in the ever-growing electronics industry wherein high-grade ceramic material has commercial application. From the Company's inception, we've focused on building a company with solid fundamentals, and with superior, state-of-the-art technology. We continue to make good progress, each quarter, toward our corporate objectives. In closing, I thank all shareholders for their continuous support, as we strive to build shareholder value for our stockholders. Respectfully submitted, Fayiz Hilal CEO and President
Cetek Shareholder's Report for First Quarter 2005
May 23, 2005
Cetek Technologies, Inc., made the following brief status report for the first quarter of the operating year 2005. What dominated the quarter, and was announced last month, was Cetek's acquisition of New Jersey-based Hybrid-Tek, Inc. This was a significant and strategic accomplishment for Cetek. It should be noted that this acquisition was made entirely with Cetek's cash reserves, thus did not result in any dilution to shareholders. Hybrid-Tek (http://www.hybrid-tek.com) is a 100% wholly owned operating subsidiary of Cetek Technologies, Inc. This acquisition will take advantage of various synergies that should serve to complement Cetek's own operations, and most importantly, to provide a catalyst for major growth opportunities in its industry. The acquisition is expected to provide improved marketing exposure to Cetek Technologies, resulting in Cetek's ceramic being applied into more markets, both in the United States and internationally. It is important to also note some of the capabilities of Hybrid-Tek: Differentiating from Cetek's "thin film" technology, Hybrid-Tek is a "thick film" on ceramic manufacturer that provides "print, fire and trim" capabilities for thick film hybrid microelectronics users. Hybrid-Tek's services and capabilities have expanded over the years to include additional circuit engineering services along with facilities and staff for device wire bonding, surface mounting and complete package assembly and test/documentation. The facility was designed exclusively for the production of thick film microcircuits and assemblies. Hybrid-Tek is approved as a source of supply by numerous well-known military prime contractors and subcontractors, and adheres to the Mil-I-45208B military standard inspection system. Hybrid-Tek's hybrid products are used for a variety of electronic functions including switch driver circuits, laser diode sub-mounts, resistor networks, transmission lines, high-speed microwave components, and sophisticated high-density, multi-layer circuits. The company is also proficient in circuit assembly and component encapsulation; and can meet client's unusual requirements such as producing hybrids with thick film polymer materials, firing materials in special atmosphere furnaces, and so forth. Hybrid-Tek's circuit fabrication is of extremely high quality, and their ability to work with large multi-up substrates, along with extremely high accuracy and fine line printing, permits a very cost-effective production of complex, as well as simple, circuits. In closing, we thank all shareholders for their continued support, and we will endeavor to keep shareholders informed of our efforts in developing the company into a significant player in its industry, as we strive to build shareholder value. Respectfully submitted, Fayiz Hilal, CEO, CETEK TECHNOLOGIES, INC. br>
Cetek Announces Acquisition
April 4, 2005
Cetek Technologies, Inc. (Pink Sheets:CTKH - News) 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." Year
End Message to Cetek Technologies, Inc. Shareholders
December
31, 2004
It is the time of year that we reflect back upon the past
year's accomplishments, as well as to look forward, toward
the year ahead. During 2004, Cetek (Pink Sheets:CTKH) made
significant gains in its standing within the high-grade
specialty ceramic industry. We have continued to draw the
attention of large, high-volume users of ceramic substrate
product, and believe that the demand will only increase
as more and more commercial users of the material discover
Cetek. Numerous independent or third-party sources have reported back to us that "nobody makes the material like Cetek." Our expertise in providing customers an extremely thin, flat and large panel of polished ceramic product is becoming known to many segments of the electronics industry. This fact gives us confidence, going forward. We continue to expand our facilities, and add capacity. As well, we continue to evaluate acquisition candidates that could make for a "good fit" with Cetek's business model. Thus, growth in 2005 and beyond is a definite. Growth both internally, via increased order flow and production, and externally, via potential acquisition(s), is on the Cetek agenda for the year ahead. Fayiz Hilal, president of Cetek Technologies, stated: "We at Cetek have positioned ourselves to accelerate our national roll-out at a pace faster than forecast, due to a genuine and sincere increase in interest from recent new customers and affiliations. Our original business plan's objective was to become a fully reporting public company as revenue growth dictated. It would be likely that we will see this objective met by the end of 2005. And, based on this and other anticipated developments in the new year, it would be reasonable to begin seeing Cetek's stock prices realize its rightful pricing, based on our fundamentals and based on simple audited performance." We wish all shareholders a very prosperous 2005 in both their personal and their business lives, wherever they may reside. Thank you for your continued expression of support as we build a company of which you will be very proud to be a part.
Cetek Technologies Inc. Third Quarter Status Report
November 8, 2004 Cetek Technologies, Inc., (Pink Sheets:CTKH) a manufacturer
of ceramic substrate material for the electronics industry,
files the following brief status update for the third quarter.
Sales revenues continue to grow, with the recently ended
third quarter being the strongest yet in production and
shipment of our ceramic substrate product. Revenues were
up approximately 100% from the comparable quarter in 2003,
and as has been the case of the past three quarters, Cetek
continues to operate profitably. Cetek welcomed 35 shareholders of the company on September 8th to the annual shareholder meeting, held at the Stratosphere Tower in Las Vegas. A quorum representing over fifty percent of the outstanding common stock was present, either in person or by proxy. One new member of the Board of Directors was elected, Mr. Gabriel Cohen; and four board members were re-elected: Dr. Gordon R. Love, Dr. Richard M. Spriggs, Fayiz Hilal, and John Hilal. As stated previously in past updates, and at this past summer's shareholder meeting, we expect no reverse stock split to occur for Cetek common shares. Operationally, demand for Cetek's proprietary ceramic material is increasing as never before, and additional production capacity is needed, so as to get positioned ahead of the current, and future, production increases. One solution, as presented in past status reports, is to acquire one or more existing companies that are in a similar infrastructure as what Cetek's requirements demand. We are indeed continuing to qualify and negotiate with candidate companies, and will strive to accomplish such suitable objectives as quickly as possible, without jeopardizing any particular opportunity by announcing prematurely any specific information in this regard. Cetek is developing a new marketing plan that includes the launching of a new division called "The Ceramic Store." This will be an Internet-based business serving as an online outlet for ceramic thus responding to the needs of researchers and other engineers where demand is often for low quantities, and where order flow may not be consistent. We expect "The Ceramic Store" to be operational by the end of the year. Additionally, the present homepage at www.cetektechnologies.com will be upgraded, making it more "search engine friendly" and accessible to a greater audience of potential customers. Cetek Technologies is exploring the potential use of the company's ceramics in fuel cells, as this is an example of another growing industry wherein high grade ceramic material has future commercial application. The ability for the Company to produce ceramic plates in very large pieces places Cetek in a very promising position in this, and other, industries going forward. From the Company's inception, Cetek has focused on building a company with solid fundamentals, with superior, state-of-the-art ceramic technology. The past many years of formulating, testing and proto-typing have brought Cetek to where it is now -- producing and marketing proprietary ceramic materials for an ever-growing client base. We could not be where we are today had it not been for the investing public, over the years. As the saying goes, "Rome was not built in a day." We are making good progress, each quarter, towards our corporate objectives, this is for certain. In closing, I thank all shareholders for their continuous support, as we strive to build shareholder value for all of our stockholders, both recent and seasoned. The best is yet to come! Respectfully submitted, Fayiz Hilal CEO and President
Cetek Shareholder Meeting Room Change Notification
August 18, 2003 Cetek Technologies Inc. (CTKH - news) announced
today that the venue for this week's shareholder meeting
has had to be changed from the Stardust, and is now scheduled
to be held across the street from this, previously announced,
location. Shareholders attending Wednesday's meeting should
be at the Riviera Hotel, 2901 Las Vegas Blvd., Las Vegas,
at 2 p.m. PDT (Aug. 20) in Conference Room 13, on the second
floor in the Monaco Tower. We regret any inconvenience to
this change, which was unavoidable. Cetek Technologies' principal activity is to develop products and services based on applications of thin films and display technologies. Producer of industrial ceramics including alumina, cordierite, mullite, zircon and cteatite for thermal shock, wear, electrical isolation and corrosial resistance applications. Products are sold to the electronics, welding, chemical, pulp & paper, nuclear power, aerospace and semiconductor industries. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Cetek Shareholder's Report for Second Quarter
July 30, 2003 Cetek
Technologies (CTKH - news) is proud to report that progress has been
made on all fronts over the most recent quarterly period. Revenues for
the first half of 2003 were 223% higher than the same period last year.
Ceramic: Production of the 12" substrate has taken off very nicely,
yield is improving, and customers' acceptance remains high. Increasingly,
our customers are indicating special interest in Cetek's large-size
substrate and its unique properties. Presently, the yearly requirements
for this large substrate are not substantial, but in spite of this we
are finding that demand is growing rapidly. We can service this market
extremely well and we will maintain our leadership in this category.
Because of the size of the substrate and the cycle time, a new furnace
is needed; and the design and construction of this new furnace is underway.
It remains more economical for the design and the construction of furnaces
to be done internally by Cetek than to purchase it from outside vendors.
Flat Panel Displays: Securing adequate funding for this project is one of Cetek's prime priorities. Though we have many interested parties that are financially capable and understand this program, we have not received any major funding yet. Some of our efforts may be close to bearing fruits, but I caution shareholders not to over anticipate. I will report to you immediately of any change in this situation. Notwithstanding the delay in financing, several pieces of equipment, as well as certain jigs and fixtures, are being built. To obtain the capital needed to build all this new equipment, the company has been raising money through the sale of its Class A Common Stock. Unfortunately this has resulted in share prices to drop. Although I feel that this price decline may be only temporary, other means of financing this effort is under consideration. Management wishes to invite investors to Cetek's stockholders meeting to be held next month. The location for this shareholders meeting is: The Stardust Hotel 3000 Las Vegas Blvd. S. Las Vegas, NV and the date is Wednesday, Aug. 20, 2003 at 2 p.m. I thank you for your continued support in the company, and we promise to keep the effort strong and constant in developing Cetek into a significant player in its industry, as we strive to build shareholder value for all of our stockholders. Sincerely, Fayiz Hilal, CEO, Cetek Technologies Inc.
Cetek Technologies, Inc. Announces Shareholder Update
April 7, 2003 Cetek Technologies, Inc. (CTKH - news) announced
today its shareholder update for the quarter ending March
31, 2003.For the 1st Qtr 2003 Cetek has been supplying ceramic
samples to certain grinding houses for evaluation. Analysis
of feedback is in progress. Several new applications for
our expertise in developing and making ceramic material
are als o being considered. "I am convinced that our business
model is still on track based on the feedback I received
from various sources," stated Fayiz Hilal, President of
Cetek. Cetek is currently studying proposals for a planned advertising campaign, mainly in technical magazines and budgeting accordingly. We intend to market our products so that Cetek becomes a known source for specialty products. In other activities, Cetek was selected by a British firm to build a unique furnace for the reclamation of aluminum. "This furnace is the first in the United States and we were chosen because of our expertise in quality furnace building," stated Fayiz Hilal, and "This program is long term and several units are to be built." Cetek Technologies, Inc. (CTKH) is a specialty material company with a focus in technical ceramic material and its application. Cetek has developed a proprietary formulation and process allowing the production of ceramic materials to be flat and smooth as sintered and without the need to undergo the time consuming and expensive grinding and lapping process. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statement include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including by not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of the Company. In addition, the Company disclaims any obligations to update any forward-looking statements to reflect events or circumstances after the date hereof. For additional information please contact Cetek Technologies, Inc. via e-mail to fayiz@cetektechnologies.com"
Cetek Technologies CEO Addresses Stockholders
April 5, 2003 Fayiz
Hilal, CEO of Cetek Technologies Inc. (CTKH - news) , issued the following
statement to shareholders: "This is my first quarterly shareholders report. Initiating this quarterly report at this stage of the Company's history is timely and appropriate. I consider the task of informing our shareholders of the Company growth and development a serious one. This newsletter will briefly cover activities and progress for the quarter ended March 31, 2003, and some expectations for the coming quarter. Ceramic Material Activities "For the 1st Qtr. 2003, the Company was still supplying ceramic samples to certain grinding houses for evaluation. Analysis of feedback is in progress. Several new applications for our expertise in developing and in making ceramic material are being considered. Also, we are studying proposals for an advertising campaign, mainly in technical magazines. I am convinced that our business model is still good, and this statement is based on the feedback being received from various sources, and we expect to prove this in 2003. "We are also pleased to report that we've had a steady stream of 12-inch ceramic plates produced, repeatedly, and perfecting this size plate was significant, as it is the largest size that the industry has yet to build. A larger size still is being perfected by Cetek, and further details will be forthcoming. Flat Panel Displays "A substantial effort has been expended to raise the capital needed for setting up the prototype facility. Much positive feedback, many meetings, and in depth discussions with potential funding sources is in progress. Raising funds is a very complex activity and the level of complexity determines the timeline. I welcome all input and contributions in this regard. Notwithstanding this effort, the management is taking additional steps to move this project forward such as discussing the possibilities of making some prototypes in a University laboratory. Other Activities "Cetek was selected by a major British firm to build a unique furnace for the reclamation of aluminum. This furnace is the first of its kind in the US. We were chosen because of our expertise in quality furnace building. This project is a long term one for Cetek, and several units are to be built, with the first nearing completion. "In summary, the 1st Qtr of 2003 went by fast. We are on schedule with our plans for the full year. If our plans are successfully met, we should be able to show a profit in 2003. "I thank you all for the trust you placed in me, and in the management of the Company. You can be assured that we are not holding back any effort to make the Company successful and to meet your expectations." Sincerely, Fayiz Hilal
Cetek Technologies Inc. Announces Reverse Stock Split
December 23, 2002 Company Begins Trading Under New Symbol `'CTKH'' On Dec. 23, 2002 POUGHKEEPSIE, N.Y.--
(BUSINESS WIRE)--Dec. 23, 2002--Cetek Technologies Inc. (CTKT - news)(CTKH - news) today announced completion
of the company's reverse stock split. The reverse split provides for 150 of the outstanding shares of common
stock will be automatically converted into one share of new class A common stock effective opening of trading
on Monday, Dec. 23, 2002. This action results in a reduction in company shares outstanding to less than 25
million.
In concert with the filing of the reverse stock split, the company will be trading on the Over the Counter Pink Sheets under the new symbol, "CTKH." Current shareholders are not compelled to surrender stock certificates and can simply make the appropriate annotation on their certificates. Those shareholders who wish to exchange their certificates for new ones may do so at their, and not the company's, expense. According to Cetek Technologies Inc.'s Fayiz Hilal, "This better positions the company for any future effort to become listed on a national exchange as the company executes its business plan. Cetek is moving forward as expeditiously as possible, in this regard, proceeding with previously announced business opportunities, and is anticipating a successful year ahead. Further news and information will be made available as warranted." |
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