SOURCE: Mediatechnics Corporation

May 05, 2008 06:00 ET

Mediatechnics Acquires The Live Network

LAKEWOOD, NJ--(Marketwire - May 5, 2008) - MEDIATECHNICS CORPORATION (Formerly Silverado Financial, Inc.) (PINKSHEETS: SLVO) is pleased to announce that it has acquired The Live Network, LLC of Margate City, NJ (TLN).

TLN is an established industry leader in the on-site production of event media. TLN was among the first companies to successfully produce and distribute event CDs and DVDs minutes after the performance. Beginning in 1999, TLN has produced hundreds of live sets ranging from acts seen at the New Orleans Jazz and Heritage Festival (in conjunction with Jazzfestlive.com and Munck Music) to the National Finals Rodeo (in conjunction with ESPN and Pro Rodeo Films).

TLN provides a turnkey solution to entities that own or control copyrighted material, allowing them to create and sell media on-site at events without compromising ownership rights or experiencing unbalanced revenue splits. TLN offers content holders a cost structure similar to a standard duplication / replication facility and has full service offerings from custom event website sales portals to full media sales and fulfillment services, as well as full service audio and video production services. TLN's on-site duplication services allow our customers to capitalize on the impulse buying habits of event attendees. TLN's services cover a variety of event types including conferences, seminars, lectures, ceremonies (such as graduations), concerts and sporting events.

"We are very pleased to join forces with our long time industry partners Mediatechnics in this exciting endeavor. Companies who own content now have an industry partner that is dedicated to providing them the means to offer on-site sales of immediately available media in various forms including CDs, DVDs, mp3s and whatever future media types present themselves," said Andrew Weilgus, President of TLN, who will retain that title for TLN as a subsidiary of Mediatechnics. "We believe there are a substantial number of companies that own content who are not capitalizing on this new revenue stream. Research and experience tell us customers desire to obtain a lasting memory of an event they attended right away and do not wish to wait days or weeks for access to that media. TLN offers a complete solution to any content-owning company with pricing similarly structured to standard media replication."

Together with TLN (www.thelivenetwork.com), Mediatechnics Corporation recently acquired companies Mediatechincs Systems, Inc. and Media Master Corporation will be combined into one seamless operating unit, manufacturing hardware in California and providing fulfillment services from its facilities in New Jersey with on-site services available anywhere inside the United States.

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, and are intended to be covered by the safe harbors created by that 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.

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