HOUSTON, March 2, 2015 /PRNewswire/ — EnergyTEK Corp. (OTC:ENTK) announced today that it is developing a distressed energy asset acquisition program. Craig Crawford, CEO of EnergyTEK, stated, “The precipitous drop in the price of West Texas Intermediate (WTI) crude prices from over $105 per bbl to $45-50 per bbl will create enormous opportunities to buy energy related assets of all kinds. Inasmuch as the management and board of directors of EnergyTEK have prior experience of working and living through the crash in oil prices in the 1980’s, we are in a unique position to understand the magnitude of this opportunity and believe that energy related assets such as equipment, leases and production will be available for pennies on the dollar.” Mr. Crawford went on to say, “With a combination of cash and equity for these acquisitions, EnergyTEK and its shareholders can be in a position to benefit in the short term by utilizing our processes for enhancing production of marginal wells and, long term, when these asset prices recover in the future.”

About EnergyTEK Corp.

EnergyTEK Corp. targets unique, promising technologies we believe can improve business growth and profitability, with an emphasis on oil and gas markets.

We apply those technologies by incubating promising companies with innovative business plans that can utilize these technologies to drive business growth and bottom line performance.

We also support our companies in obtaining necessary working capital financing to support their growth, and in select cases, we will make direct loans and/or equity investments in our own subsidiary companies as well as consider joint venture investments in unique technologies. In the future, we intend to monetize our investments in these companies either by outright sale, or spin off the subsidiary’s shares into the public markets.

Precautionary and Forward-Looking Statements
This release contains “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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company’s disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like EnergyTEK Corp. are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.

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SOURCE EnergyTEK Corp.