Microelectronics Technology Corporation Enters Into Negotiations for the acquisition of a Cyber Currency Digital Mining Company
February 18 2014 - 9:55AM
Marketwired
Microelectronics Technology Corporation Enters Into Negotiations
for the acquisition of a Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Feb 18, 2014) - Microelectronics
Technology Corporation (OTCBB: MELY) (OTCQB: MELY) is pleased to
announce the Company has entered into negotiations for the
acquisition of an established digital mining company and its
digital mining assets.
The acquisition will include the existing operational digital
mining servers and support software which will be transitioned to
the Dynamo Server co-location facilities to allow for peak
efficiency utilizing the state of the art server and seamless
expansion capability dynamo servers can provide.
The Dynamo Servers platform was built from the ground-up to
accommodate the needs of modern dedicated server customers, with
features that are unique to the market. A simplified pricing model
was applied to an expansive configuration system, allowing for
predictable pricing without the customization limitations or
penalties that are common among providers. An API was built to
allow for integration with custom software and 3rd-party services.
Social features were added to enable a dialogue among customers and
a level of transparency unheard of in the industry. As long-time
dedicated server customers, the people behind Dynamo Servers built
a platform that they would want to use themselves.
About Dynamo Servers Dynamo Servers provide dedicated servers to
clients through our point of presence in Vancouver, Canada inside a
carrier neutral facility owned and operated by Cologix Inc.
www.dynamoservers.com
About Cloud Data Corp Cloud Data, a Nevada Corporation provides
high availability dedicated web servers to small, medium and large
companies under its brand www.dynmoservers.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
For further Information: Microelectronics Technology Co.
President: Mr. Brett Everett 1-949-436-9382 www.clouddatacorp.com
www.melypk.com
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