SOURCE: LyfeTec, Inc.

August 06, 2009 08:00 ET

Macada Holding, Inc. Announces LyfeTec, Inc. Has Signed a Canada Licensing Rights Territory Agreement for $500,000.00

FT. LAUDERDALE, FL--(Marketwire - August 6, 2009) - Macada Holding, Inc. (PINKSHEETS: TSHL), a publicly traded company, announces its subsidiary LyfeTec, Inc. has signed a licensing rights territory agreement with a company in Canada for $500,000.00. The Canadian company -- Canada L8E 2J8 -- purchased the licensing right to market all of the company's medical products and agreed to work together with the company to file and get Canadian rights for other products.

Mr. Mellone stated: "The company is now in a position to generate revenues and is seeking other sublicense affiliates for its global territories."

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 LyfeTec, 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
    954-625-2720