SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

February 19, 2013 09:00 ET

MediaTechnics Acquires Application Development Company

SCOTTSDALE, AZ--(Marketwire - Feb 19, 2013) - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it executed an agreement to purchase a 51% interest in App Swarm Inc. ("ASI") in exchange for restricted preferred stock on February 11, 2012.

Established in 2011, App Swarm™ is an application "incubation firm" dedicated to acquiring applications for all forms of devices. ASI actively reaches out to young entrepreneurial spirited application developers who have a great idea but do not know how to effectively market their products.

App Swarm™ offers complete, end-to-end services for mobile application development across all major phone, tablet and other mobile platforms.

In further news, MEDT is working to complete its 2012 Financial Statements, as well as an updated Initial Company Information Statement and intends to publish them via OTC Markets as soon as is possible. This process is expected to be complete within three weeks.

MEDT also anticipates further acquisitions in the coming weeks and months.

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 (the "Act"), and it is the Company's intention and belief that all such statements are covered by the safe harbors created by the 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.

Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.