LARGO, FL — (Marketwire) — 05/24/12 — GDT Tek, Inc. (PINKSHEETS: GDTK) President Bo Linton announced today that GDTK on May 21, 2012 filed its DHS 2 Limited Liability Company Agreement, which provides its members the investment opportunity and its corresponding tax credits that are available to the Company through its renewable energy projects.
Members of the LLC will have the benefit of receiving up to 15% of the amount invested in tax credits. The Projects covered by the DHS 2 LLC are RTR–s current Energy Service Agreements (ESA) exclusive of the DHS 1 LLC, which is a 20MW project.
Mr. Linton, President, stated, “Fully funded the DHS 2 LLC will have up to $5,000,000 invested into the LLC. The investment consideration can be either cash and or its equivalent in the Company–s stock. We had our first members join earlier this month with expectation that the balance of the membership will be closed within 90 days.”
“The goal is to have the LLC members benefit from all available tax credits on both the state and federal level which in turn will benefit GDTK,” concluded Mr. Linton.
Mr. Linton will be on the “Money TV” show Friday and describing the Companies progress to date.
About “Money TV”: “MoneyTV” with Donald Baillargeon is an internationally-syndicated weekly business television program, reaching 150 million TV households in more than 60 countries. “MoneyTV” debuted in 1996, is now in its 16th year on television and produced and aired its 750th original episode in January. Website:
About GDT Tek, Inc.
GDT Tek, Inc. is a Florida-based publicly traded company (PINKSHEETS: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek–s waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that “Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek–s heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today–s changing world market.”
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.–s website is , which is in the process of being updated; please sign up for our newsletter () for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company–s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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Investor Relations
Bryan Andrew
Wall Street Media Group
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