October 14, 2009 12:36 ET

Macada Holding, Inc. Announces Company Update

FORT LAUDERDALE, FL--(Marketwire - October 14, 2009) - Macada Holding, Inc. (PINKSHEETS: MCDA) announces the company shall have its audit done soon and be moving forward into an OTCBB company. At this time we have been working on the financials to complete its audit to complete several deals the company has in process. Once the audit is completed the caveat shall be removed again permanently. We have five signed deals with a major funding commitment soon to be announced. Once everything is in place we will announce the merger plan and company structure.

In addition we have received approval on all the boxes' graphic designs for the first phase of our products and plan to start manufacturing the boxes this week.

Vice President Steven Cohen stated: "We are in the final stages, we have completed five agreements and are ready to move LyfeTec into an OTC Bulletin Board arena and become a fully reporting company with funding. Do to the delay of the audit, the caveat has been place back on Pinksheets, but we will have it removed as soon as the audit is place and completed. This gives us more strength to support our shareholders and to prove the performance of the company's position and growth."

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, 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:
    Steven Cohen
    Vice President