MONARCH BAY, Calif., May 2, 2012 /PRNewswire/ -- Cloud Data Corp a fully owned subsidiary of Microelectronics Technology Corporation (OTC-BB: MELY.PK) is pleased to announce that the company is in final contract negotiations with a third party vendor for the establishment of a "White Label" relationship for the companies proprietary DomainStutter technology.

The DomainStutter technology offers clients rapid domain deployment with each domain having unique content automatically inserted into the site. The system harnesses the power of cloud computing to enable clients the ability to deploy thousands of sites with minimal time and effort. Clients can deploy thousands of domain host sites on an accelerated basis, with unique content, with virtually no effort due to use of the proprietary DomainStutter technology. 

The practice of multiple domain name deployment is commonly known as domain parking and may also refer to an advertising practice known as parked domain monetization used primarily by domain name registrars and Internet advertising publishers to monetize Internet traffic visiting a parked or minimally developed domain name property.

The domain name will usually lead to a web page containing advertising listings and links. These links will be targeted to the predicted interests of the visitor and may change dynamically based on the results that visitors click on. Usually the domain holder is paid based on how many links have been visited (e.g.pay per click or page view) and on how beneficial those visits have been. The keywords for any given domain name provide the type of profile that will determine the intent of the Internet traffic before arriving.

DomainStutters capability to deliver unique content to each individual domain automatically, allows the parked domain to better differentiate itself to search engines allowing for higher indexing and ratings resulting in higher traffic generation, which in turn leads to higher per domain revenue generation.

"These negotiations have been finalized subject to formal documentation," stated Microelectronic Technology company president Brett Everett. " The company looks forward to the introduction of a new 'White Label' partner for the roll out of a unique brand of business for the DomainStutter Technology providing for another revenue stream to Cloud Data Corp from the exploitation of its existing suite of  technologies and services."

Contract finalization is expected by May 31, 2012.

The company continues to progress on its roll out of the  Dynamo server offering  which will consist of valued priced dedicated server rentals to third party customers. The servers will be located within Canada. This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.

The company is currently completing its co-location selection and sign off, and hardware acquisition.

The company expects to roll out its offering in May 2012. Initiating the company's entry into this multi billion dollar marketplace in conjunction with the development of the www.Sproq.com.

For further Information:

Microelectronics Technology Co.

President:

Mr. Brett Everett

1 866 587 2860

www.melypk.com

www.clouddatacorp.com

www.sproq.com

www.domainstutter.com

Forward-Looking Statements

This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; MELY's ability to commercialize its technology; ability to defend intellectual property; material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.

Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.

SOURCE Microelectronics Technology Corporation

Copyright 2012 PR Newswire

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