Mediatechnics Developing Solar Power Systems
Date : 09/01/2011 @ 9:22AM
Source : MarketWire
Stock : Mediatechnics Corporation (MEDT)
Quote : 0.0067 0.0 (0.00%) @ 9:17AM
Mediatechnics Developing Solar Power Systems
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Mediatechnics Corp (PC) (USOTC:MEDT)
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Today : Thursday 1 September 2011
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MEDIATECHNICS CORPORATION (PINKSHEETS: MEDT) is pleased to announce that it is currently determining final specifications for a new line of photovoltaic solar power generating systems to be built in China for the Company's joint venture, Apex Solar Corporation.
The Company is investigating several possible large-scale commercial sales of the solar power systems under consideration and plans to update shareholders as events occur.
In further news, on August 30, 2011, the Company began a private offering of preferred stock, to accredited investors only, in order to raise as much as $500,000 to fund expenses related to Apex Solar Corporation as well as general operations. The Company is currently negotiating with investors and has already received tentative commitments from several investors. Additionally, the Company's President, Henri Atamian subscribed to the first $10,000 on August 30, 2011.
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.
~Kronborg
