TRICYCLE

Energtek Initiating First Phase of 500,000 Vehicle Natural Gas Conversion
Project Requested by the Filipino Government

VALLEY STREAM, New York, July 23 /PRNewswire-FirstCall/ -- Energtek
Inc. (OTCBB: EGTK), a world leader in the development of Adsorbed Natural
Gas (ANG) technology, today announced that it has signed a purchase
contract with the Philippine National Oil Company - Exploration Company
(PNOC-EC) for natural gas extracted from the San Antonio stranded gas well
in the Filipino province of Isabela. The purchase contract enables Energtek
to implement its business model as a commercial distributor of natural gas
in emerging markets across Southeast Asia. This enables the first phase of
the world's first commercial ANG project.

Energtek employs proprietary hi-tech storage technology to supply
natural gas to small vehicles. The first phase of the project calls for the
vehicle conversion and ongoing supply of natural gas to 3,000
three-wheelers ("tricycles") in Isabela. Revenues from vehicle equipment
sales from this initiative are expected to gross more than $1.2 million,
and ongoing natural gas sales are projected to exceed $2 million annually.

The Isabela project is the first part of Energtek's plan to convert
over 50,000 tricycles during the next 18 months, which would generate
projected revenues of over $20 million in vehicle equipment sales and $40
million in ongoing annual gas sales. Implementation of this plan is
primarily dependent on the timetable for attainment of sufficient natural
gas supplies.

Energtek aims to fulfill the government's request to convert over
500,000 three-wheelers within the next three to four years.

"The Filipino government under the leadership of President Gloria M.
Arroyo has recognized the need to urgently reduce dependence on oil and
gasoline," said Executive Secretary of the Philippines, Hon. Eduardo R.
Ermita. "The government is more than glad to begin converting a million
vehicles to operate on ANG as soon as possible. We are pleased to work
together with Energtek to achieve our goal of providing a clean and
cost-effective solution for small vehicle drivers who are suffering from
the rising costs of gasoline."

Energtek has invested in equipment and infrastructure necessary for the
project and has intensified efforts to receive all necessary
certifications. In addition, Energtek is currently engaged in advanced
negotiations for natural gas from a stranded gas well in the Filipino
province of Cebu.

There are approximately 1.5 million tricycles running on gasoline that
would be banned from operation by the government due to the massive
pollution generated by their engines. Energtek's Natural Gas conversion
system resolves the problem of harmful emissions, and presents an
economically beneficial alternative for drivers who would otherwise be
forced to discard their vehicles.

Natural Gas can be provided to drivers for dramatically less than the
cost of equivalent gasoline. Its use as a motor fuel drastically reduces
harmful vehicle emissions. "Today, a local driver in the Philippines can
spend $1500 or more per year on gasoline," said Lev Zaidenberg, CEO of
Energtek. "Energtek's proprietary ANG technology can enable drivers to use
a clean and abundant motor fuel that reduces annual fuel costs by several
hundred dollars. These fuel savings can increase local residents' working
income by as much as forty percent."

About Energtek

Energtek develops and applies proprietary ANG technology to provide
complete well-to-wheel pipeless Natural Gas supply solutions to fleets of
small vehicles and industrial consumers. Energtek's Natural Gas solutions
reduce pollution and alleviate consumer energy costs. Energtek provides a
profitable alternative motor fuel solution for the large market of
low-income 2- and 3-wheel vehicle drivers in Asia. Energtek operates
subsidiaries in North America, Europe, Asia and the Middle East. To learn
more about the benefits of ANG Technology, visit http://www.energtek.com

About ANG

Adsorbed Natural Gas (ANG) technology enables hi-tech and
cost-effective storage of Natural Gas, by maximizing the quantities of gas
stored in a tank. ANG greatly reduces the infrastructure, fueling, and
energy costs of supply solutions to consumers where no pipeline or
refueling infrastructure is present. ANG enables new markets of motor
vehicle fleets and large commercial consumers, to benefit from
environmentally friendly and affordable Natural Gas.

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. All forward-looking
statements are inherently uncertain as they are based on current
expectations and assumptions concerning future events or future performance
of Energtek and its technologies. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are only predictions
and speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release and matters set in Energtek's SEC
filings. These risks and uncertainties could cause actual results to differ
materially from those indicated in the forward-looking statements.



Contacts:
Alex Traiman
Tel: +1-516-717-1627
IR@energtek.com