MEDT has new management and new board. Continues development of LED grow lights for marijuana industry

Date : 02/21/2014 @ 1:00PM
Source : PR Newswire (US)
Stock : Mediatechnics Corp. (PC) (MEDT)
Quote : 0.0002  0.0 (0.00%) @ 9:10PM

MEDT has new management and new board. Continues development of LED grow lights for marijuana industry

Mediatechnics Corp. (PC) (USOTC:MEDT)
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BEVERLY HILLS, CA, Feb. 21, 2014 /PRNewswire/ - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that Henri Atamian has stepped down as President and CEO and appointed Jeremy Carr as MEDT's president and sole director. Mr. Carr, who was a former director of MEDT, will oversee the review and publishing of the Company's 2013 and 2012 Financial Statements, as well as an updated Initial Company Information Statement and intends to publish them via OTC Markets in the near future.

Mr. Carr has extensive contacts in the industry and intends to lease lighting and hydroponic equipment to licensed marijuana related businesses that are fully comply with state marijuana laws, as well as overseeing the development of software and mobile apps for this growing industry.

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 (the "Act"), and it is the Company's intention and belief that all such statements are covered by the safe harbors created by the 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

Copyright 2014 PR Newswire

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