Microelectronics Technology Co. (fka MELY)

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$MELY NEWS************7/29/14

Microelectronics Technology Corporation Data Center Update Phase One Complete

Jul 29, 2014 (eTeligis.com via COMTEX) -- MONARCH BAY, CA , United States, via eTeligis Inc., 07/29/2014 - - Microelectronics Technology Corporation (OTC PINK: MELY) (PINKSHEETS: MELY), the Company is pleased to announce the successful installation of 100 of the Company's 100 - 1 TH/s BTC servers in the Company's new data center in Washington State.
The construction and build out of the Data center is complete for Phase One.

The servers have been testing and mining over the installation period which was initiated approximately July 11, 2014 with a variable number of mining servers providing a variable hash rate over the testing period of approximately 18 days.

The mining activities to date have produced 37 BTC worth approximately $21,500.00

The company has determined that the production rate per day of BTC production from the 100 TH/s is approximately 2.4 to 2.6 BTC per day based upon the current pool configuration. The company continues to fine tune the servers for maximum production and stability.

The Company will provide forecasts and future build out schedules for the Second Phase of expansion in the near future.

The Companies facility has been built to allow for a minimum 500 servers with further expansion capability to operate 1800 BTC Servers at maximum capacity.

Addition photos and video can be viewed at the company's Facebook page:

https://www.facebook.com/MELYPK