ZVTK - Oh No Not You Again

It seems someone turned the lights back on for ZVTK shareholders. The company received, per today's press, a $100,000 order. The stock rose 64% on a very impressive 470 million plus share traded day. A total of almost $2.2 million dollars in stock traded for one $100,000 order that supposedly happened.

My take? Don't be the next ZVTK bag holder, well unless those bags are odorned with these fabulous light bulbs. I was thinking of getting one to clean up after my dog. Maybe they can make a bulb that will take my good ole Fido for a walk too. How about one that can make Aunt Edna's cooking edible? I'd be a buyer of ZVTK stock if they could make that happen.

Just remember, when your buying someone else is selling. I'd expect the selling to pick up in earnest much sooner this time. Once bitten, twice shy.

The Guru called the top at $.016. It was a free fall from that price to $.002. That turned a lot of these bulb believers into bulb bag holders. I suspect there will be less of those this time around.

Don't be the one holding the bag of bulbs when the lights go out.

Here is my article calling the top only a few months back.

http://pennystockgurus.blogspot.com/2009/12/zvtk-dont-be-one-holding-bag-when.html

Here is today's press release that sparked the rally:


Zevotek Announces $100,000 Ionic Bulb Order
NEW YORK, Mar 15, 2010 (GlobeNewswire via COMTEX) -- Zevotek, Inc. (OTCBB:ZVTK) (Frankfurt:T5V1.F), a worldwide direct marketer and distributor of innovative personal and home care items, today announced that the Company received a $100,000 order to buy Ionic Bulbs for delivery in March 2010. Zevotek is selling Ionic Bulbs to a New Delhi, India based company that plans to market and sell Ionic Bulbs in India. Zevotek received a deposit payment required to confirm the customer's order and is to receive the final payment prior to shipment later this month. The $100,000 order is for the 15 watt, 220 volt version of the Ionic Bulb that meets India's electrical standards and is the same standard used throughout Europe.
Commenting on the announcement, Zevotek's CEO, Rob Babkie, said, "I am excited to announce we have booked a major sales order. The sale immediately benefits Zevotek and gives us a leading position in India, a market with tremendous sales potential. The Ionic Bulb's air purifying performance can easily improve indoor air quality in homes across India. Consumers in India already widely accept the reduced energy and money saving features of standard CFL bulbs like the CFL bulbs we mount our compact air purifiers inside." The order represents Zevotek's largest firm order for an international market. Commenting on Zevotek's plans for international markets, Mr. Babkie noted, "Upon becoming Zevotek's CEO, my goal has been to lend my international business experience to growing sales. We are using Zevotek's U.S. sales and marketing campaign to create international interest in our Ionic Bulb and develop relationships with distributors who can sell Ionic Bulbs in countries around the world. Today's order is an exciting result."
About the Company:
Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb, a light bulb designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL).The Company sells the Ionic Bulb through TV infomercials and the Internet and plans to market Ionic Bulbs through catalogs, magazines and major U.S. retail and specialty stores. The Company's 1 minute and 2 minute Ionic Bulb TV ads are designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek directly sells the Ionic Bulb to consumers through http://www.newionicbulb.com/ and http://www.amazon.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb 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 Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com/
SOURCE: Zevotek, Inc.
By Staff

CONTACT:          CONTACT:  Zevotek, Inc.Jeff Carlson949.375.3208