Puget Announces the Formation of Weistek USA

Wed Feb 5, 2014 8:30am EST

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Puget Announces the Formation of Weistek USA

New division focuses on rollout of 3D printer in US consumer market

Puget Technologies (OTCBB: PUGE) today announced the formation of Weistek USA in preparation for the distribution and sales of its high performance 3D printer in the U.S. consumer market. The new division is expected to expand rapidly and become a significant vehicle of growth for Puget in the coming quarter.

"The power of the 3D community is building innovation momentum and Weistek USA anticipates driving growth and profitability as a leader in this market," said Ron Leyland, President and CEO of Puget Technologies. He added, "While 3D printing is being used to make everything from working human kidneys to rocket parts, the real revolution is in bringing it to at-home enthusiasts, educators and the designers of the future. We are excited to see consumers finding and sharing new possibilities for this technology every day."

The announcement follows the filing for trademarks by Puget related to its SnapSearchâ„  app and PrintSnapticâ„  platform with the U.S. Patent and Trade Office. Weistek USA will continue the development of supporting technologies to enhance the out-of-box experience for its customers along with sales and support channels.

Puget Technologies provides more information on its business segments at http://www.pugettechinc.com.

About Puget Technologies (PUGE)

Puget Technologies is a publicly traded company on the OTCBB Market stock exchange under the ticker symbol PUGE. Headquartered in Ft. Lauderdale, Florida, Puget Technologies acquires, develops and sells leading edge consumer oriented products ready for rapid commercialization. Much of its resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Puget Technologies
Ron Leyland, 954-332-2471
President and CEO