MediaTechnics Acquires Biomass Fuel Development Company for Just Over $1,000,000
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwire) -- 10/13/11 -- 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.
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.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 75742
Anzahl Zeichen: 0
contact information:
Town:
SCOTTSDALE, AZ
Kategorie:
Farming
Diese Pressemitteilung wurde bisher 214 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"MediaTechnics Acquires Biomass Fuel Development Company for Just Over $1,000,000"
steht unter der journalistisch-redaktionellen Verantwortung von
MediaTechnics Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
