MONARCH BAY, Calif., April 27,
2012 /PRNewswire/ -- Microelectronics Technology Co.
(MELY.PK): The Company previously announced incorrectly that the
roll out of the Dynamo Server Division of Cloud Data Corp would be
during May 2102. This date was to
read May 2012.
The company is pleased to announce that it has entered into
formal negotiations with two potential clients for dedicated server
rentals to initiate the roll out of the Dynamo Server Division. The
company anticipates that these will be the first of many new
contracts the company will be establishing during the roll out
phase.
Clients have identified and requested the advantage of
renting, rather than purchasing, a dedicated server since
co-location hosting for rented servers can be set up to include
cloud-based backup or hybrid hosting. This is ideal for E-commerce
webmasters and bloggers who experience peak and seasonal increases
in bandwidth demands, and need to have a backup available in the
event of increased usage or scalability. Clients that take
advantage of the hosting company's cloud servers for dedicated
server sql backup as well as for resource support are the most
reliable and cost-effective choices for E-commerce and internet
marketing. Bloggers, especially those who may be met with
unpredictable demands for additional resources, also find rental of
dedicated servers along with a cloud backup to be an ideal solution
to their needs.
The ability to easily upgrade rental packages, as well as to
take advantage of cloud backup for co-located rented servers,
enables clients to maintain the highest possible server capacity
and bandwidth at a reasonable price.
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 2012. Initiating the company's entry into
this multi billion dollar marketplace in conjunction with the
development of the sproq network.
"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 Co.