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MCHU letter of intent news
Microholdings US, Inc., a Publicly Traded Pink Sheets Company, Announced Today That It Has Signed a Letter of Intent to Purchase
MICROHOLDINGS US INC NEW (OTC) (USOTC:MCHU)
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Today : Wednesday 10 November 2010

Microholdings US (PINKSHEETS: MCHU) announced today that it has signed a letter of intent to purchase ConnectIT Networks, Inc.

James Wheeler Chairman/CEO stated: "We have signed the letter of intent and are currently finalizing our due-diligence on ConnectIT Networks Inc.; once this is complete to our satisfaction we will complete the transaction." Wheeler continues: "We believe we should be able to complete the acquisition within the next few weeks." MCHU continues to work on an additional acquisition and hopes to bring it to a conclusion within the next 10 days. For more information on Microholdings US contact [e-mail] or for information on ConnectIT Networks, Inc. go to www.connectitnetworks.com

About Microholdings US:

MICROHOLDINGS US, INC. IS INCORPORATED IN THE STATE OF OKLAHOMA AND HAS BEEN IN OPERATION SINCE OCTOBER 1998. IT IS CURRENTLY A PUBLICLY TRADED COMPANY, TRADING ON PINK SHEETS UNDER THE SYMBOL: MCHU.PK.

About ConnectIT Networks, Inc.:

ConnectIT Networks, Inc. is an innovative business Technology Support and Service company based on the belief that a MSP (Managed Service Provider) can provide quality outsourced IT (Information Technology) support and service to SMB companies who operate or need to operate their business electronically. ConnectIT Networks, Inc. provides real-time network and systems monitoring, reporting and technical support for its customers, as well as remote help desk support and on-site support services.

ConnectIT Networks, Inc. has strong technology partnerships with industry leaders such as Cisco Systems, Dell Computers, Microsoft, Barracuda Networks, Acronis, VMWare, Panterra Networks & N-able Technologies.