SOURCE: Mediatechnics Corporation

May 02, 2008 12:11 ET

Water Skeeter Announces New Products for 2008

SACRAMENTO, CA--(Marketwire - May 2, 2008) - Water Skeeter Sports Innovations, a Stockton, Ca.-based company with Sales Offices in Michigan and California, a wholly owned subsidiary of Mediatechnics Corporation, {Formally Silverado Financial, Inc. (PINKSHEETS: SLVO)} has announced its plan to introduce several new products in the Fishing and Marine category in 2008.

Water Skeeter Sports, the industry leader in personal pontoon craft and float tubes, plans on expanding its current line of products with the introduction of several new leading edge technologies that have been engineered and retrofitted for use in conjunction with their current product line.

Unfortunately because these new products give Water Skeeter an exclusive competitive edge over its competition and the fact that they will not debut until the major trade shows in July, we are unable to disclose too much information at this time in order to maintain that competitive edge. We can however say that one of the products is a sure home run and expected to sell through at every major sporting good retailer in N. America.

In addition to the development of new innovative products for the upcoming season, Water Skeeter is in the final stages of finalizing a worldwide sales, marketing and distribution agreement with HousAll Corp, manufacturer of the HousAll portable shelter. (can be viewed at The HousAll, originally designed for use in the international disaster relief market is a fully self contained, portable, affordable semi permanent shelter. Water Skeeter intends to launch and position this unit in the sporting goods, agricultural, storage, hardware and camping industries. It's an exciting product with numerous applications in the consumer market.

Robert Myers, President of Water Skeeter, stated, "It is an exciting time here at Water Skeeter. We are coming out of a strong 4th qtr and have already forecasted an increase in sales for 2008 with many orders already in the bag."

When asked what he attributes Water Skeeters' success to Robert states, "We sell to all the big hitters in the business -- Cabelas, Bass Pro Shops, Gander Mountain, Scheels West Marine, etc. They expect quality and innovative products hitting price points that target the markets their stores serve and that's what we give them. We will never sacrifice quality for cost, that's our mission statement."

Water Skeeters' core business has always catered to the fly fishing enthusiast and that will continue to be a staple in Water Skeeters' future. However, recently appointed VP of Sales David Way has charted a course for Water Skeeter products into other markets that to date have been virtually untouched.

David commented that "because our pontoon boats and float tubes can be assembled and disassembled in minutes and can be carried in a duffle bag, that makes them a very viable product for the RV Industry." The RV industry has always been on the search for a portable watercraft that stows easily. It just makes sense David says, "90% of all RV enthusiasts fish and enjoy the water but have few resources available to them in terms of portable boats." Water Skeeter seems to be the answer and is currently being listed with Camping World, the leading retailer in the RV industry. Look for the Water Skeeter ad and Camping World listing in the June issue of RV View magazine.

About Mediatechnics Corporation (Formally Silverado Financial, Inc. SLVO.PK):

Mediatechnics Corporation is the parent company of Mediatechnics Systems, Inc., Media Master Corporation and Water Skeeter Sports Innovations. Mediatechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailer's in the United States and Canada.

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.

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