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SAN MARCOS, CA — April 5, 2012 — Omnitek Engineering Corporation (OTCBB: OMTK) today announced it has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds.

            Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 and warrants to a group of investors at an exercise price of $3.88, with a five-year term. 

            Merriman Capital, Inc. (OTCQX:MERR) acted as the sole placement agent in connection with the transaction.

The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

            “The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities.  There is enormous  pent up demand for truck engine conversions in the U.S. market, as well as other substantial opportunities -- including power generators, irrigation pumps, and other diesel powered equipment,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.

            Funk noted that diesel engines have a service life of up to 20 years.  “During the life span of diesel engines, routine overhauls are required and service budgets established in advance.  By converting these diesel engines to operate on natural gas during a routine service overhaul, we are able to offer truck operators a compelling return on investment with much lower fuel costs and cleaner combustion.  Omnitek’s option is clearly an attractive consideration given the cost to purchase a new natural gas truck engine and the large “carbon-footprint” as a consequence of manufacturing a new engine,” Funk said.

He added that compressed natural gas provides significant advantages over diesel fuel – including reduced emissions, plentiful supplies and favorable economics. Industry sources estimate there are up to 8.0 million heavy duty vehicles operating in the United States that could benefit from conversion to natural gas.

OMNITEK ENGINEERING CLOSES $5.5 MILLION PRIVATE PLACEMENT
 

SAN MARCOS, CA — April 9, 2012 — Omnitek Engineering Corporation (OTCBB: OMTK) today announced it has closed a private placement of common stock and warrants, raising $5,516,762 million in gross proceeds.

Under the terms of the financing, the company issued an aggregate 2,602,264 shares of common stock at a price of $2.12 and warrants to a group of investors with a five-year term to purchase up to an additional 2,602,246 shares at an exercise price of $3.88. Gross proceeds reflect an overallotment above the anticipated $5.0 million noted in last week’s definitive agreement announcement.

Omnitek will use the proceeds to accelerate the build out of a national network of diesel-to natural gas truck engine conversion facilities in the United States and for general corporate purposes to support the company’s growth.

Merriman Capital, Inc. (OTCQX:MERR) acted as the sole placement agent in connection with the transaction.

The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.