UPDATE: MediaTechnics Acquires Biomass Fuel Development Company for Just Over $1,000,000
13 Octubre 2011 - 10:00AM
Marketwired
MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce
that it has acquired Clean Energy Production Company of San Diego,
California ("CEPC") in exchange for Rule 144 restricted preferred
and restricted common stock for a total purchase price of
$1,024,000, with a minimum twelve month restriction from resale.
CEPC and its partners are working to implement its plan to build
biogas energy production facilities on what it hopes are,
potentially, thousands of large scale farms in the United States
and throughout the world. CEPC plans to utilize methane generated
from farm waste to create clean, renewable electricity.
MediaTechnics is also, in cooperation with CEPC, finalizing
agreements through which it intends to purchase a revenue producing
engineering firm with specific technology and experience that the
Company feels may help bring this vision to fruition in as timely a
manner as possible. The Company hopes to close this transaction
within the coming week and intends to update shareholders as events
progress.
Furthermore, the Company is also exploring combinations and
joint ventures with other firms in the green energy sector, as well
as other green technology sectors, and hopes to complete agreements
that the Company believes could substantially increase shareholder
value and that may generate significant revenues. The Company
intends to update shareholders in the very near term on any
developments.
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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