April 14, 2010 10:51 ET

Macada Holding, Inc. Announces Ron Ritter Has Been Elected CEO

FT. LAUDERDALE, FL--(Marketwire - April 14, 2010) -  Macada Holding, Inc. (PINKSHEETS: MCDA) announced Ron Ritter has been voted CEO and will begin operating Macada as the holding company placing the Gun and Range as a subsidiary under Macada. The merger purchasing share will be issued next week. This will bring the issue to the disclosed amount posted in the disclosure statement; we have also completed negotiation with a biotech professor in Germany and have now completed the new company plan and operation soon to be announced. A new statement on the disclosure statement will be posted today in section XVI. This merger adds annual sales of approx. 1.4 million. Madaca has completed the asset sales of Lyfetec assets for 50 million shares with Strata Capital Corp. We will be updating all shareholders with our update for the shares to be dividend to all shareholders of record; these shares have been issued and are being held at the new Macada office for distribution. Details soon to be announced. Further acquisitions and changes will be announced in the upcoming weeks.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Macada Holding, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

Contact Information

  • Contact:
    Ron Ritter