SOURCE: MACADA HOLDING, INC.

February 22, 2010 15:11 ET

Macada Holding, Inc. Announces It Has Signed a Second LOI to Acquire Custom Auto Sales and Leasing Company

FT. LAUDERDALE, FL--(Marketwire - February 22, 2010) - Macada Holding, Inc. (PINKSHEETS: MCDA) announced that it has signed a second LOI to acquire an auto sales and leasing company into a subsidiary of Macada with the new merger. The company has moved its offices to an 11,000 sq, ft. facility to accommodate the companies' needs. The new company number is 954-872-2056, located in Pompano Bch, Fl. The company has been very quiet about the changes and movement with our plans and new structure. Due to the intent and the deals the company has to move all the medical divisions into an OTCBB company; this has been our main focus to prove the company is real and support our shareholders value. Now that things are nearly completed, we are now focusing on Macada and the disclosure statements to remove the caveat. Details soon to be announced. We will be closing the definitive agreement with both companies and our intentions are to close within the next two weeks and up date all shareholders of these transactions. Macada plans to keep the mining asset and shall continue with the intent to mine the mines when the weather warms up.

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:
    Tom Nelson
    480-326-8577

    Mike Masson
    620-200-4121