MediaTechnics Issues Corporate Update
13 Luglio 2011 - 5:52AM
Marketwired
MEDIATECHNICS CORPORATION (PINKSHEETS: MEDT) is pleased to update
shareholders on several developments.
The Company has formed Apex Solar Corporation in order to
exploit several opportunities in solar power generation land
acquisitions. The Company is currently engaged in negotiations with
several parties to acquire a combination of land, land leases
and/or options on land or land leases in the desert southwestern
United States situated close to major power grid infrastructure.
The Company hopes to reduce basic understandings to writing within
the next few weeks and will update shareholders as necessary.
Apex's website is under development and will be available soon at
www.apexsolarcorp.com.
Additionally, the Company has begun negotiations to assume the
note against the commercial building currently covered by the
Lease/Purchase Agreement dated October 1, 2010 and the conversion
of the building to outright ownership through exercise of its
relevant purchase option. The Company hopes to have the transaction
completed in the very near future. The Company will utilize the
building as its corporate headquarters and further intends to
perform product testing of new technologies at this facility in the
ensuing months.
In further news, the Company has completed its June 30, 2011
financial statements and intends to publish them within the next
week to ten days.
The Company continues to interview several candidates for Board
membership and intends to update the public when decisions are
reached.
Contact: info@medtcorp.com
Notes about forward-looking statements
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties.
Certain Statements contained in this release that are not
historical facts constitute forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"), and it is the Company's intention and belief that all
such statements are covered by the safe harbors created by the Act.
Reliance should not be placed on forward-looking statements because
they involve unknown risks, uncertainties and other factors, which
may cause actual results, performance or achievements to differ
materially from those expressed or implied.
Forward-looking statements may be identified by words such as
"estimates," "anticipates," "projects," "plans," "expects,"
"intends," "believes," "may," "should" and similar expressions and
by the context in which they are used. Such statements are based
upon current expectations of the Company and speak only as of the
date made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date when they are made.
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