Microelectronics Technology Co. (fka MELY)

[fast.money]

$MELY ~ Microelectronics Technology Co. on watch

Microelectronics Technology Company, formerly China YouTV Corp. is a development-stage company. From May 18, 2005 to June 30, 2010, the Company was engaged in the acquisition and evaluation of mineral claims and the evaluation of an Internet media venture in China. It owned rights to conduct exploration activities on one property, but as of June 30, 2010, it does not own any interest in any property. During the fiscal year ended June 30, 2010, it did not generate any revenues. As of June 30, 2010, it owned four Claims. On March 16, 2007, the Company entered into a Joint Venture Agreement with Beijing Hua Ju Net Media Technology Co. Ltd. (Hua Ju) for a term of 20 years to be organized in Beijing, People's Republic of China (China). The purpose of the Joint Venture was to conduct a video sharing Website and other related Internet interactive media businesses in China. On May 1, 2009, the Joint Venture Agreement was terminated.