SOURCE: The Amergence Group

June 10, 2008 09:00 ET

The Amergence Group Inks Worldwide Technology Licensing Agreement With MediaTechnics Corporation

Deal Worth Approximately $1,500,000 in Stock and 25% of Profits Generated From the Ongoing Sales of the Technology

PHOENIX, AZ--(Marketwire - June 10, 2008) - The Amergence Group (PINKSHEETS: AMNG) announced today that it has licensed its Tranzbyte optical media technology to California-based MediaTechnics, Inc. (PINKSHEETS: MEDT). The agreement, which is effective today, will make Amergence a major shareholder of MediaTechnics (www.mediatechnicscorporation.com) with Amergence receiving 25% of the gross profits derived from the ongoing sales of the technology. MediaTechnics plans to implement the technology in its burgeoning CD and DVD duplication and replication platform. MediaTechnics is one of the largest manufacturers of media duplication equipment in the world.

As part of the deal, Amergence will provide MediaTechnics access to its technology and development talent so that the company may expand, improve, and integrate the optical media technology into several of its divisions or subsidiaries. According to Richard Wilson, MediaTechnics' president, "Having access to the Tranzbyte technology at this moment in time should give MediaTechnics the ability to fortify its bottom line profits within several divisions of our company. Once implemented, the Tranzbyte technology will be another high quality offering further differentiating us from our competitors."

Amergence's managing director, Peter Jacobs, comments, "The Amergence Group has re-emerged. Entering this agreement with MediaTechnics enables our company to capitalize on one of its longstanding assets on behalf of our shareholders. Now, The Amergence Group will be better able to focus on its new core business -- leveraging private companies into the public arena with a unique methodology that allows principals to retain control of their companies while achieving their long-term objectives."

In related news, Amergence intends to announce a stock dividend of half of the shares earned in this transaction for the benefit of its shareholders on a pro-rata basis. Details regarding this dividend will be forthcoming.

ABOUT THE AMERGENCE GROUP

The Amergence Group (PINKSHEETS: AMNG) focuses on the development, nurturing and rapid expansion of selected emerging companies across a wide range of industries and disciplines. The primary goal of the new business development enterprise (BDE) is to coordinate services and activities which foster and promote a business environment capable of accelerating the growth of innovative companies.

ABOUT MEDIATECHNICS CORPORATION (Formally Silverado Financial, Inc.)

MediaTechnics Corporation (PINKSHEETS: MEDT) (www.mediatechnicscorporation.com) is the parent company of MediaTechnics Systems, Inc., Media Master Corporation (www.mediamastercorp.com), The Live Network (www.thelivenetwork.com) and Water Skeeter Sports Innovations (www.waterskeeter.com). MediaTechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company, The Live Network specializes in on-site event and conference CD/DVD production, 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 retailers in the United States and Canada.

Contact Information

  • Company and Contact:
    Peter H. Jacobs
    Managing Director
    md@amergencegroup.com
    14500 N. Northsight Blvd., Suite 212
    Scottsdale, AZ 85260
    (480) 443-1600