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hitting the breakout boards http://investorshub.advfn.com/boards/breakoutboards.aspx
MELY
MELY if it hit .07 at open that should be about near 27% gains!
Microelectronics Technology Corporation $MELY
Microelectronics Technology Corporation, through the acquisition of Cloud Data Corporation, an Incubator of Internet and Social media technologies, is positioned to capitalize on the exponential growth of today’s technology market within Cloud Computing.
Cloud Data Corp allows Microelectronics Technology Corporation to differentiate itself within the technology market by providing leadership in the following areas:
· A provider of Cloud Computing Solutions for the last 3 years on an International basis with servers in multiple countries including the United States, Canada, and Europe.
· In the final stages of contract negotiations with several foreign entities for the development of a complete suite of Internet services offered to provide Internet presence and Cloud computing solutions.
· Owns significant proprietary patent pending Internet Technologies that set it apart in development and implementation.
· Roll out of Cloud Data Corp’s own Advertising Network in the first quarter of 2012.
· A model for enabling convenient, on-demand access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction.
· Provides the ability to build relevant, engaging websites, allowing our clients to attract customer’s easier and providing client loyalty back to Cloud Data Corp.
· Cloud provides the opportunity for Microelectronics Technology Corporation in all aspects of online marketing, advertising, branding, and social media marketing.
Microelectronic Technologies Corporation through Cloud Data Corp anticipates significant growth through several acquisitions to be completed by the first quarter of 2012.
$MELY on OTCQB
OTCQB – The U.S. Reporting Company Marketplace
OTCQB is the middle tier of the OTC market. OTCQB companies are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier.
*source http://www.otcmarkets.com/otcqb/home
$MELY in a great market segment imo
$MELY - Independent research firm Forrester Research expects the global cloud computing market to reach $241 billion in 2020 compared to $40.7 in 2010, according to a new Forrester report called "Sizing the Cloud." The report aims to provide insights into the future market size of cloud computing segment while trying to predict market growth dynamics in a new IT environment driven by rapidly growing number of cloud computing services and applications.
http://ih.advfn.com/p.php?pid=nmona&article=52398314
$MELY - big money in CLOUD COMPUTING!
About $MELY Corp:
Microelectronics Technology Corporation
Microelectronics Technology Corporation, through the acquisition of Cloud Data Corporation, an Incubator of Internet technologies, is positioned to capitalize on the exponential growth of today’s technology market within Cloud Computing.
Cloud Data Corp allows Microelectronics Technology Corporation to differentiate itself within the technology market by providing leadership in the following areas:
· A provider of Cloud Computing Solutions for the last 3 years on an International basis with servers in multiple countries including the United States, Canada, and Europe.
· Owns proprietary patent pending Internet Technologies that set it apart in development and implementation.
· A model for enabling convenient, on-demand access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction.
$MELY - Microelectronics Technology Co. (MELY.PK – News): The Company is pleased to provide an update regarding the Cloud Computing Opportunities the company is strategically positioning to take advantage for future growth.
http://ih.advfn.com/p.php?pid=nmona&article=52398314
$MELY ~ Quick DD links:
http://pennystocktweets.com/stocks/profile/MELY
http://www.marketwatch.com/investing/stock/MELY
http://finance.yahoo.com/q?s=mely&ql=1
http://www.nasdaq.com/symbol/mely
http://quote.morningstar.com/Stock/s.aspx?t=MELY
http://www.thestreet.com/quote/MELY.html
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=MELY:US
http://www.marketwatch.com/investing/stock/MELY/charts
http://investing.money.msn.com/investments/stock-price?symbol=MELY
http://www.otcmarkets.com/stock/MELY/company-info
http://www.ddmachine.com/default.asp?s=MELY
http://www.google.com/finance?q=PINK%3AMELY
http://boardcentral.com/boards/MELY
http://www.nasdaq.com/symbol/mely
http://www.hotstocked.com/companies/m/microelectronics-technology-co-MELY-97221.html
MELY - The Company acquired Cloud Data last August and is seeking to move into the Internet incubator space in order to capitalize upon the technology opportunities available today and in the immediate future within the cloud computing market place. Lets take a further look at the Company’s most recent news and financial statements..
Microelectronics Technology Corporation Next Generation Cloud Application Hosting: Market Update: Cloud Computing Market Will...
http://ih.advfn.com/p.php?pid=nmona&article=52398314'
MELY
$MELY Recent News Announcements
The Company announced today that announce Sproq.com, next generation cloud application hosting for small business is next generation software and architecture for cloud computing. Sproq next generation cloud application hosting customers will be able to start with a single sproqet, as they need to scale up they will be able to purchase additional sproqets.
Last week MELY announced that its wholly owned subsidiary Cloud Data Corp is in the process of developing a new business model under the Dynamo Server Division.
The Dynamo server offering will consist of valued priced dedicated server rentals to third party customers. The servers will be located within Canada. This division is a response to the significant demand by the company’s customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.
The company is currently completing its co-location selection and sign off, and hardware acquisition. The company expects to roll out its offering in May 2102.
$MELY's SEC Filings Links:
Edgar Financial Filing Direct Link: http://www.sec.gov/cgi-bin/browse-edgar?company=Microelectronics+Technology&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
http://www.otcmarkets.com/stock/MELY/financials
http://finance.yahoo.com/q/sec?s=MELY.PK+SEC+Filings
MELY - recently -- On August 26, 2011, the Company entered into a Share Exchange Agreement with Cloud Data Corporation (“Cloud Data”). Pursuant to the agreement, the Company issued 70,000,000 shares of common stock in exchange for all of the issued and outstanding shares of Cloud Data. The acquisition was a capital transaction in substance and therefore has been accounted for as a recapitalization, which is outside the scope of Accounting Standards Codification (“ASC”) 805, Business Combinations . Under recapitalization accounting, Cloud Data was considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. Assets acquired and liabilities assumed are reported at their historical amounts. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of the business of Cloud Data since inception on April 11, 2011. As a result of the transaction, the Company’s business operations consisted of online marketing and advertising services from August 26, 2011 to present.
Source: MELY 10K 2-10-2012
Marketing Strategy; MELY: Our strategic marketing plan is to develop a professional business relationship with each of our clients. We will analyze each client’s respective needs and tailor a incubation program designed to elicit the most favorable response in the market. We will utilize our various platforms to meet the requirements of our clients and will provide flexibility.
Business Overview of MELY's Cloud Data:
Overview
Effective August 25, 2011 we entered into a Share Exchange Agreement with Cloud Data Corporation, a Nevada corporation (“Cloud Data”) and designated therein as the “Seller”, and its stockholders designated therein as the “Selling Shareholders” (the Agreement). Pursuant to the provision of the Agreement, we agreed to issue to the Selling Shareholders (i) 70,000,000 shares of our common stock, in exchange for the transfer and delivery to us by the Selling Shareholders of the 70,000,000 shares of common issued by the Seller, which are all of the issued and outstanding securities of the Seller. As result of the transaction contemplated by the Agreement, the Seller will become our wholly owned subsidiary.
Through the acquisition of Cloud Data, we are moving into the Internet incubator space in order to capitalize upon the technology opportunities available today and in the immediate future within the cloud computing market place.
Cloud Data was formed for the purpose of becoming an incubator for on-line advertising, marketing and web application firms. Cloud Data Corp has developed proprietary technologies that will enable the company to capitalize on the third party data management and utilization space through the implementation of a cost effective development and delivery system allowing for economies of scale to be applied to custom applications.
Services: We are an interactive, full service, online marketing company that provides companies in various sectors with online marketing and advertising services.
Definitely looking good for a bounce or buy on DIPS today and make some $$! MELY!
$MELY's Sproq.com: Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.
Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is scheduled for launch second quarter 2012.
MELY - According to Sizing the Cloud report, Software-as-a-Service (SaaS) offers more growth opportunity than any other segment in the still largely vague market for cloud computing services. SaaS will retain its position as a leading segment in cloud computing with SaaS market growing three-fold to $92.8 billion by 2016, the report said. In contrast, Infrastructure-as-a-service (IaaS) will witness a rapid growth in the next few years but Forrester expects dynamic infrastructure services to perform better than IaaS in the long term.
Cloud Data Corp is $MELY's wholly-owned subsidiary: http://www.clouddatacorp.com
The company is currently completing its co-location selection and sign off, and hardware acquisition.
The company expects to roll out its offering in May 2012. Initiating the company's entry into this multi billion dollar marketplace in conjunction with the development of the www.Sproq.com
MELY - good news bro -- Independent research firm Forrester Research expects the global cloud computing market to reach $241 billion in 2020 compared to $40.7 in 2010, according to a new Forrester report called "Sizing the Cloud." The report aims to provide insights into the future market size of cloud computing segment while trying to predict market growth dynamics in a new IT environment driven by rapidly growing number of cloud computing services and applications.
Cloud Data Corporate Profile Business Overview; Next Generation Cloud Application Hosting
http://ih.advfn.com/p.php?pid=nmona&article=51526787
MELY
MELY - Independent research firm Forrester Research expects the global cloud computing market to reach $241 billion in 2020 compared to $40.7 in 2010, according to a new Forrester report called "Sizing the Cloud." The report aims to provide insights into the future market size of cloud computing segment while trying to predict market growth dynamics in a new IT environment driven by rapidly growing number of cloud computing services and applications.
$MELY - Share Structure
Market Value1 $48,412,005 a/o Mar 13, 2012
Shares Outstanding 124,133,345 a/o Sep 30, 2011
Float 4,066,845 a/o May 06, 2011
Authorized Shares 200,000,000 a/o Feb 02, 2011
Par Value No Par Value
http://www.otcmarkets.com/stock/MELY/company-info
This is the previous news for $MELY
Dynamo Server Division Identifies Co-location Partner
Date: Thu, May 10, 2012 8:30 AM EDT
http://finance.yahoo.com/news/dynamo-server-division-identifies-co-123000629.html
Microelectronics Technology Co. (OTC-BB: MELY.PK): Microelectronics Technology Corporation is pleased to announce its wholly owned subsidiary Cloud Data Corps's new business center the Dynamo Server Division has completed its search for a suitable co-location partner to begin the deployment of dedicated servers to meet the needs of Cloud Data Corps existing clientele.
The Dynamo server offering will consist of valued priced dedicated server rentals to third party customers. The servers will be located within Canada. This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.
The company is currently completing its hardware acquisition.
The company is performing according to its projected time frames and expects to roll out its offering as previously reported, in May 2012.
"The establishment of a co location partner that understands the business model Cloud Data Corp represents and the scalability requirements it's customers require is essential. Upon the success-full initiation of the Dynamo Server Division the company will immediately begin providing its hosting services to third party clientele," stated Company President Brett Everett. "This will enable the company to begin booking revenues from the Dynamo Server Division immediately, which is a significant milestone for a developing Cloud Technology Company."
In addition to the Dynamo dedicated server offering, the Vancouver co-location will also house Cloud Data Corps Sproq.com servers.
Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.
Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is scheduled for launch second quarter 2012.
Shareholders of Record for $MELY
16 a/o Sep 27, 2011
http://www.otcmarkets.com/stock/MELY/company-info
MELY - any more news on that and this thing could explode...IMO!
$MELY's latest 10-Q Quarterly Report released on last Friday May 18, 2012 for period ending 3/31/2012:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8628613
$MELY - Security Notes
Capital Change=shs increased by 10 for 1 split Ex-date=01/29/2007.
Capital Change=shs decreased by 1 for 1000 split. Pay date=10/06/2009.
http://www.otcmarkets.com/stock/MELY/company-info
MELY Overview: A start-up, developmental stage corporation and have not yet generated any revenues from our business activities. We were incorporated in the State of Nevada on May 18, 2005. We have four mineral claims located near Wawa in northern Ontario, Canada that we someday plan to explore for precious metals. Our plans to explore these claims, however, have been put on hold as result of our recent acquisition of Cloud Data on August 26, 2011. Through the acquisition of Cloud Data, we are moving into the Internet incubator space in order to capitalize upon the technology opportunities available today and in the immediate future within the cloud computing market place.
SWEET! GO MELY go MELY go! GO!
Short Sales for $MELY
http://www.otcmarkets.com/stock/MELY/short-sales
On April 24, 2011, $MELY acquired the right, title, and interest in software known as Domain Stutter with an estimated fair value of $140,000 in consideration for the issuance of 70,000,000 shares of common stock of the Company. Domain Stutter is a system that can auto host thousands domains per server and propagate them with unique content.
$MELY has an reverse merger transaction with Cloud Data dated August 26, 2011, details:
Pursuant to a Share Exchange Agreement dated August 26, 2011, the Company agreed to acquire all of the issued and outstanding shares of Cloud Data in exchange for the issuance of 70,000,000 shares of the Company’s common stock. The share exchange was treated as a reverse acquisition with Cloud Data deemed the accounting acquirer and the Company deemed the accounting acquiree under the purchase method of accounting, with the former shareholders of Cloud Data controlling approximately 52% of the voting rights after the closing of the transaction. The reverse merger is deemed a recapitalization and the consolidated financial statements represent the continuation of the financial statements of Cloud Data (the accounting acquirer/legal subsidiary) except for its capital structure, and the consolidated financial statements reflect the assets and liabilities of Cloud Data recognized and measured at their carrying value before the combination and the assets and liabilities of the Company (the legal acquiree/legal parent). The equity structure reflects the equity structure of the Company, the legal parent, and the equity structure of Cloud Data, the accounting acquirer, as restated using the exchange ratios established in the share exchange agreement to reflect the number of shares of the legal parent.
MELY - Transfer Agent(s)
President Stock Transfer
Transfer Agent
900-850 West Hastings Street
Vancouver, BC, V6C 1E1
604 876 5526
http://www.presidentstocktransfer.com
info@presidentstocktransfer.com
http://www.otcmarkets.com/stock/MELY/company-info
Yes i saw that, and the share structure remained unchanged for $MELY since the last filing too!
Form 10-Q for MICROELECTRONICS TECHNOLOGY CO $MELY
--------------------------------------------------------------------------------
18-May-2012
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
Certain statements, other than purely historical information, including estimates, projections, statements
relating to our business plans, objectives, and expected operating results, and the assumptions upon which
those statements are based, are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally are identified by the words "believes,"
"project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would,"
"will be," "will continue," "will likely result," and similar expressions. We intend such forward-looking
statements to be covered by the safe-harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of
complying with those safe-harbor provisions. Forward-looking statements are based on current
expectations and assumptions that are subject to risks and uncertainties which may cause actual results to
differ materially from the forward-looking statements. Our ability to predict results or the actual effect of
future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our
operations and future prospects on a consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally
accepted accounting principles. These risks and uncertainties should also be considered in evaluating
forward-looking statements and undue reliance should not be placed on such statements. We undertake no
obligation to update or revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. Further information concerning our business, including additional
factors that could materially affect our financial results, is included herein and in our other filings with the
SEC.
Overview
We are a start-up, developmental stage corporation and have not yet generated any revenues from our
business activities. We were incorporated in the State of Nevada on May 18, 2005. We have four mineral
claims located near Wawa in northern Ontario, Canada that we someday plan to explore for precious
metals. Our plans to explore these claims, however, have been put on hold as result of our recent
acquisition of Cloud Data on August 26, 2011. Through the acquisition of Cloud Data, we are moving into
the Internet incubator space in order to capitalize upon the technology opportunities available today and in
the immediate future within the cloud computing market place.
Results of Operations for the Nine Month Ended March 31, 2012 and Period from April 11, 2011
(Inception of the Development Stage) until March 31, 2012.
We generated no revenue for the period from April 11, 2011 until March 31, 2012. We are a
development stage company and intend to pursue the line of business of internet marking though the
acquisition of Cloud Data.
Our Operating Expenses for the nine months ended March 31, 2012were $147,690. Our Operating
Expenses from April 11, 2011 (Inception of the Development Stage) to March 31, 2012 were $177,290.
For each period our Operating Expenses consist primarily of advertising, management fees and professional fees.
We, therefore, recorded a net loss of $147,690 for the nine months ended March 31, 2012 and a net loss of
$177,290 for the period from April 11, 2011 until December 31, 2011.
We anticipate our operating expenses will increase as we undertake the business of internet marking though
the acquisition of Cloud Data.
Liquidity and Capital Resources
As of March 31, 2012, we had $2,555 in current assets and $486,277 in current liabilities. Thus, we had
a working capital deficit of $483,722 as of March 31,2012.
Cash flow from Operating activities was $306,319 for the nine months ended March 31, 2012. Our net cash
used in investing activity was $(129,274). We had $505 cash used in financing activities for the
period from April 11, 2011 until March 31, 2012.
As March 31, 2012 we have insufficient cash to operate our business at the current level for the next
twelve months and insufficient cash to achieve our business goals. The success of our business plan beyond
the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations
through debt and/or equity financing arrangements, which may be insufficient to fund our capital
expenditures, working capital, or other cash requirements. We do not have any formal commitments or
arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no
assurance that such additional financing will be available to us on acceptable terms, or at all.
Going Concern
Page 18 of 27
We are in the development stage and have not generated any revenues and have incurred losses of
$177,290 since April 11, 2011. At March 31, 2011, we had $0 in cash and $487,277 in current
liabilities. Further, we incurred a loss of $147,690 for the nine months ended March 31, 2012. In view of
these conditions, our ability to continue as a going concern is in substantial doubt and dependent upon
achieving a profitable level of operations and on our ability to obtain necessary financing to fund ongoing
operations.
To meet these objectives, we continue to seek other sources of financing in order to support existing
operations and expand the range and scope of our business. However, there are no assurances that any such
financing can be obtained on acceptable terms, if at all. The accompanying financial statements do not give
effect to any adjustments which would be necessary should we be unable to continue as a going concern.
Off Balance Sheet Arrangements
As of March 31, 2011, there were no off balance sheet arrangements.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
A smaller reporting company is not required to provide the information required by this Item.
MELY - Contact Info
14 Monarch Bay Plaza
Monarch Bay, CA 92629
Website: http://www.microelectronicstechnology.com
Phone: 866-587-2860
Email: emanetta@microelectronicstechnology.com
http://www.otcmarkets.com/stock/MELY/company-info
MELY - Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001329136
Fiscal Year End 6/30
OTC Market Tier OTCQB
http://www.otcmarkets.com/stock/MELY/company-info
MELY - had a 10Q SEC Filing on 18 MAY 2012!
Nature of Operations of $MELY
Microelectronics Technology Company (the “Company”) was incorporated in the State of Nevada on May 18, 2005 under the name Admax Resources Inc., which name was changed on February 9, 2007 to China YouTV Corp. and then to Microelectronics Technology Company on August 31, 2009. From May 18, 2005 to August 26, 2011, the Company’s business operations were limited to the acquisition and evaluation of mineral claims and the evaluation of an internet media venture in China.
MELY - Profile Data
SIC - Industry Classification 1000 - Metal Mining
Business Status Development Stage Company a/o Jul 01, 2011
Incorporated In: NV, USA
Year of Inc. 2011
Employees 0 a/o Jul 01, 2011
http://www.otcmarkets.com/stock/MELY/company-info
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The acquisition includes the existing operational digital mining servers and support software . The Digital Currency Mining servers are currently being transitioned to the Dynamo Server co-location facilities with the transition expected to be completed by month's end. This transition will allow for peak efficiency utilizing the state of the art server facility and seamless expansion capability Dynamo servers can provide.
Bitcoin Mining: BTC
Upon the completion of the Digital Mining Server install ation at the Dynamo Server co-location facilities, the company will begin to offer fractional Bitcoin Digital Currency Mining server rentals to interested third parties for an annual fee based upon the hash rate available for partitioning.
It is anticipated that the partitions will be available for lease in minimum 20 Gh /s hash rates with any multiple of 20 Gh /s available.
"The acquisition ofa Bitcoin Digital CurrencyMining Corporation is an exciting development for Microelectronics Technology Co for several reasons," states company president Brett Everett. "With this acquisition the company is acquiring a new customer for the Dynamo Server division creating a vertical with significant growth potential at the same time entering into the dynamic Bitcoin arena with a business model that creates opportunity for entry level investors to participate in Bitcoin mining with limited financial exposure." The company expects to announce the completion of formal documentation by April 18, 2014.
The Dynamo Servers platform was built from the ground-up to accommodate the needs of modern dedicated server customers, with features that are unique to the market. A simplified pricing model was applied to an expansive configuration system, allowing for predictable pricing without the customization limitations or penalties that are common among providers. An API was built to allow for integration with custom software and 3rd-party services. Social features were added to enable a dialogue among customers and a level of transparency unheard of in the industry. As long-time dedicated server customers, the people behind Dynamo Servers built a platform that they would want to use themselves.
About Dynamo ServersDynamo Servers provide dedicated servers to clients through our point of presence in Vancouver, Canada inside a carrier neutral facility owned and operated by Cologix Inc.www.dynamoservers.com
About Cologix
http://www.cologix.com/en/company-profile.html
Cologix, Inc. is a network neutral interconnection and data center company headquartered in Denver, Colorado, that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located facilities in Dallas, Jacksonville, Minneapolis, Montreal, Toronto and Vancouver. With more than 350 network choices and sixteen prime interconnection locations, Cologix currently serves over 700 carrier, managed services, cloud, media, content, financial services and enterprise customers. The company’s experienced team of communications infrastructure professionals is committed to providing its customers the highest standard of local customer support.
History
Operational since December 2010, Cologix has completed eight acquisitions and announced four new market expansions:
Our acquisitions to date have each brought long customer relationships, strategic business partners and unique interconnection capabilities in each of our markets. We are proud to be the leading presence in each of our markets.
Cologix Interconnection
We efficiently and cost-effectively support our customer’s growth strategies by facilitating thousands of interconnections for our 700+ customers within our 18 data centers. With a choice of over 350 networks, our Meet-Me-Room environments offer massively scalable and dense connectivity.
“By deploying our network equipment with Cologix, we are able to respond quickly to the changing capacity needs of our customers while gaining access to a growing set of networks. Cologix staff are excellent and do a great job monitoring our onsite equipment, which allows us to focus on driving our business forward.”
– Dan Patton, Carrier Access Manager, FiberLight, LLC
Cologix is proud to support the Peering Exchanges in Minneapolis, Montreal and Toronto.
A robust internet exchange is an important ingredient to a vibrant and mature telecommunication market. Cologix believes that independent member-run organizations are in the best interest of the exchanges as well as the Internet community as a whole. Cologix is proud to host these organizations within our data centers and are pleased to provide our customers direct access to them via our Meet-Me-Rooms.
peering@micemn.net or mpls.sales@cologix.com
peering@torix.ca or torontosales@cologix.com
The easiest way for customers to connect to these exchanges is through Cologix’sStandard Connections product. Through Standard Connections, customers can establish a point of presence in the Carrier Hotel with a single U Ethernet switch, which enables the ability to connect to the Exchanges as well as the other networks in Cologix’s Meet-Me-Rooms. This model makes access to the exchanges fast and easy and doesn’t require significant capital to get up and running.
About Cloud Data CorpCloud Data, a Nevada Corporation provides high availability dedicated web servers to small, medium and large companies under its brand www.dynamoservers.com.
www.clouddatacorp.com www.melypk.com www.dynamoservers.com
http://www.otcmarkets.com/news/otc-market-headline?id=16008274
About Microelectronics Technology Corporation,
through the acquisition of Cloud Data Corporation, an Incubator of Internet technologies, is positioned to capitalize on the exponential growth of today's technology market within Cloud Computing.
Cloud Data Corp allows Microelectronics Technology Corporation to differentiate itself within the technology market by providing leadership in the following areas:
Microelectronics Technology Corporation
Microelectronics Technology Corporation, through the acquisition of Cloud Data Corporation, an Incubator of Internet and Social media technologies, is positioned to capitalize on the exponential growth of today's technology market within Cloud Computing.
Roll out of Cloud Data Corp's own Advertising Network in the first quarter of 2012.
Sproq is next generation application hosting.
We provide tools to build your web application in the cloud. When you deploy an application on our platform you get a level of service that traditionally required a lot of custom engineering and setup. No longer will you need to buy and configure servers, operating systems, services, and networks. You can focus on your application, and let us handle the rest.
Here are some of the reasons you should build your application on Sproq:
We are currently gearing up to start sending invites for our beta. Enter your email to get on our invite list.
https://www.dynamoservers.com
We've been running servers and deploying websites for over 10 years. In that time, we have found that it is difficult to find cost effective dedicated servers in Canada. The existing services also seemed to always leave a lot to be desired. As we expanded our operations we decided to do something about it.
Aside from our great prices, there are many reasons to choose us.
One thing that always bothered us about dedicated server providers is the lack of price flexibility if you wanted something slightly different. Most providers will have some number of standard configurations, and if you want a slight change, such as some extra RAM, the extra cost is very high, compared to the purchase cost of the item. Some places will even allow you to make different configurations with the exact same specifications and you will get wildly different prices.
This doesn't seem fair to us, so we came up with an algorithmic pricing model that is based entirely on our purchase cost for components and services. This model allows for plenty of customization without penalizing you for simple changes. You can even build your server from scratch. In fact, our"standard" configurations are simply examples were built from scratch and saved.
All of our servers are made to order, and we provide plenty of options. This means you can get precisely what you want. If you want something that's not currently in our configuration options, let us know and we will get it from our supplier and add it to the system.
Obviously, with this level of customization, we won't be offerring any "1-hour servers," but we will try to get you up and running within 48 hours. If there is a delay, we will credit your account accordingly.
Even though we offer fully custom servers, we don't require contracts. We are fully confident in our services and believe that you will be likely to stick around. We also understand that the circumstances of a business can change at any time, and we don't want you to worry about being stuck in a contract.
We didn't just buy a bunch of servers and install some generic "server management" application. We built all of our tools from the ground up, in order to provide a unified interface to server management. This allows us the freedom to develop and provide unique features not found anywhere else.
This freedom means that we are not reliant on 3rd parties in order to deliver desired features. Really, our biggest obstacle to providing features is knowing what our customers or potential customers really want. If there is something you think we should offer, let us know.
We are not simply a data center that is selling dedicated servers on top of colocation offerings. We are a dedicated server customer with a growing need for our own servers. We know exactly what we want as a dedicated server customer and aim to provide our ideal experience to everyone.
By Kate Rogers
Published April 08,Bitcoin is headed to Washington.
The first ATM for the cryptocurrency will be unveiled to members of Congress Tuesday afternoon.
Made by Robocoin, the 750-pound ATM was first introduced in Vancouver, B.C. in October 2013, according to its blog. It trades the cryptocurrency for cash, and cash for bitcoins. To make a transaction, customers must provide an email, their palm print, a government identification, their face and cash. The verification process is in three steps, according to the company’s website.
The unveiling comes two months after MtGox, the largest bitcoin exchange, lost $620 million in bitcoin and filed for bankruptcy protection in Japan.
There are currently 10 machines overseas, according to a release from Robocoin, and one in California. Robocoin operates with the Bitstamp and Vault of Satoshi exchanges, and is working to integrate with others in the future. Each ATM retails at $20,000, and the company says it has sold 100 so far.
Robocoin CEO Jordan Kelley and Robocoin Co-founder and Chief Technology Officer John Russell will be at the unveiling Tuesday where members of Congress and the media can buy, sell and enroll in a bitcoin wallet account.
Those who have a bitcoin wallet or account can send their bitcoins to Robocoin and have their cash out within 10 minutes. Currently, bitcoin users have to go through individual online exchanges to cash out, which can take days.
Kelley says the businesses that buy and operate the ATMs have to adhere to anti-money laundering laws. “We’ve replaced the bank teller with hardware and software,” he says. “We reduced the time to less than five months and we removed the human error.”
When customers visit the machine, they enter their phone number and receive a text message to verify their identity. They then create a pin number and scan their palm, and then place their government ID into the scanner.
“Then the customer stands in front of the kiosk and takes a photo. We send those two photos to the human verification team. We match that they are the same., and then we send the customer a text message. The customer can then go back to the machine to buy and sell bitcoin,” Kelley explains.
Bitcoin was introduced as an open-source software code in 2009, and has since grown into a $1 billion industry. The digital currency is especially popular among those in the tech community.
The currency remains unregulated and February’s events have increased calls for government intervention. Some lawmakers are open to treating bitcoin more like cash with Rep. Steve Stockman, (R-TX) , introducing the “Virtual Currency Tax Reform Act” on Monday.
If enacted, this legislation would change the tax status of virtual currency. Last week, the IRS declared bitcoin would be taxed as property.
Stockman visited the New York City Bitcoin center Monday to discuss the legislation further. “This is a nascent industry. Along with 3-D printers and nanotubes, cryptocurrency is the future. We need to encourage it, not discourage it. There is risk associated with every budding industry in America,” he said in a release.
The IRS currently treats bitcoin as property and not a currency.
FBN’s Jennifer Rose contributed to this article.
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