MEDT Plans to Sell LED Grow Lights to Medical Marijuana Equipment Leasing Company
21 Febbraio 2013 - 11:30PM
Marketwired
MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce
that it has executed a letter of intent to sell more than $500,000
of LED based grow lights to Evergreen Systems Incorporated ("ESI")
and as much as another $500,000, or more, in solar power products
over the next twelve months. The parties are currently negotiating
the terms of a long-term agreement.
ESI and its affiliated companies and partners lease lighting and
hydroponic equipment to established non-profit medical marijuana
cooperatives in California that are fully compliant with state
medical marijuana laws.
According to ESI, the grow lights only produce light in the
wavelengths to which Chlorophyll A and B respond, dramatically
reducing the power necessary to grow plants. The use of solar power
generation equipment is intended to reduce the carbon footprint of
the cooperatives while ensuring high quality products for their
members.
MEDT continues to work towards completing its 2012 Financial
Statements, as well as an updated Initial Company Information
Statement and intends to publish them via OTC Markets as soon as
possible.
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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