Aug 30 (Reuters) - GTEC Holdings Ltd GTEC.V :
* GTEC SIGNS LOI WITH INVICTUS MD TO RECEIVE STRATEGIC INVESTMENT AND EXPAND NATIONAL DISTRIBUTION
* GTEC HOLDINGS - INVICTUS TO PROVIDE GTEC WITH A NON-REVOLVING UNSECURED CONVERTIBLE LOAN OF UP TO $2 MILLION, AND AN INTEREST RATE OF PRIME PLUS 5%
* GTEC HOLDINGS LTD - UPON MUTUAL AGREEMENT OF BOTH PARTIES PRIOR TO MATURITY DATE, INVICTUS MAY INCREASE AMOUNT OF LOAN FACILITY UP TO $6 MILLION