20/04/2014 12:29:04 Free Membership Login

Microelectronics Technology Corporation Expands Cloud Data Corp, Establishes Dynamo Server Division

Date : 04/25/2012 @ 8:00AM
Source : PR Newswire (US)
Stock : Microelectronics Technology Co. (QB) (MELY)
Quote : 0.002  -0.0004 (-16.67%) @ 4:17PM
Microelectronics Technology Co. (QB) share price Chart

Microelectronics Technology Corporation Expands Cloud Data Corp, Establishes Dynamo Server Division

Microelectronics Technology Co. (QB) (USOTC:MELY)
Historical Stock Chart

2 Years : From Apr 2012 to Apr 2014

Click Here for more Microelectronics Technology Co. (QB) Charts.

MONARCH BAY, Calif., April 25, 2012 /PRNewswire/ -- Microelectronics Technology Co. (OTCBB: MELY): Microelectronics Technology Corporation is pleased to announce its wholly owned subsidiary Cloud Data Corp is in the process of developing a new business model under the Dynamo Server Division.

The Dynamo server offering 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 2102.

"The potential for rapid expansion into the dedicated server market and instant cash flow makes the creation of the Dynamo Server division a significant step in the maturity of the company," states Microelectronics Technology President Brett Everett, "This is the first of many significant developments the company plans to implement in order to satisfy the company's growing customer demands."

In addition to the Dynamo dedicated server offering, the Vancouver co-location will also house Cloud Data Corps Sproq.com servers.

Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.

Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is scheduled for launch second quarter 2012.

For further Information:

Microelectronics Technology Co.

President:

Mr. Brett Everett

1 866 587 2860

www.melypk.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



NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140420 12:29