Clearing House Whup Whup Hut

[PoemStone]

EPIc Stock Alerts. MEDT. Big News Out.
http://investorshub.advfn.com/boards/board.aspx?board_id=14660


MediaTechnics Acquires Biomass Fuel Development Company for Just Over $1,000,000



Date :

10/13/2011 @ 8:00AM



Source :

MarketWire



Stock :

MediaTechnics Corporation (MEDT)



Quote :

0.0048 0.0 (0.00%) @ 7:25AM


MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it has acquired Clean Energy Production Company of San Diego, California ("CEPC") in exchange for restricted preferred and common stock for a total purchase price of $1,024,000.

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.