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Management intends to update shareholders, as events warrant through more regular announcements in the coming weeks and months, as part of our plan for growth for the rest of 2009 and beyond.
CEO Rick Wilson stated, "Although 2009 sales have been significantly impacted by the decline in the state of the nation's economy, I believe we are on the way towards becoming a stronger and growing company."
The company has updated its quarterly financials with Pink Sheets and intends to begin filing updates to its financials on a timelier basis.
"I am excited about the future of MediaTechnics," Wilson continued. "We hope to complete the restructuring and expansion of our business model in order to substantially strengthen our bottom line."
The company intends to continue converting substantial portions of debt to equity in order to increase shareholder value.
About Mediatechnics (MEDT.PK)
MediaTechnics Corporation (www.mediatechnicscorporation.com) is the parent company of MediaTechnics Systems Inc. (www.mediatechnics.com)
Notes about forward-looking statements
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, and are intended to be covered by the safe harbors created by that 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.
SOURCE: MediaTechnics Corporation
MediaTechnics Rick Wilson, 800-474-8996 (Sales) sales@mediatechnics.com Investor Relations, 732-475-2437 investors@mediatechnicscorporation.com
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