SOURCE: Mediatechnics Corporation

Mediatechnics Corporation

July 05, 2011 21:56 ET

Mediatechnics Announces New CEO

SCOTTSDALE, AZ--(Marketwire - Jul 5, 2011) - MEDIATECHNICS CORPORATION (PINKSHEETS: MEDT) is pleased to announce that Ari S. Bass has appointed Henri Atamian to the Board of Directors and Mr. Atamian has assumed the Presidency of the Company.

Subsequent to the appointment of Mr. Atamian, Mr. Bass resigned from the Board and as an officer of the Company. Mr. Bass is leaving to pursue other interests in film and television.

Mr. Atamian brings with him over seventeen years of experience in the finance and insurance industries. Mr. Atamian owned Value Mortgage Funding, a licensed mortgage banker that, at its height, operated twenty-two offices in eleven states generating up to $8.5 Million in annual revenue. Mr. Atamian has extensive experience in both residential and commercial real estate finance, having closed financings approaching $1,000,000,000 in transactions throughout his career.

Mr. Atamian also has extensive experience in green industries, having served as the exclusive distributor of a proprietary line of recycled crumb rubber asphalt products in Mexico.

Mr. Atamian intends to move aggressively towards developing joint ventures in solar, wind and other alternative energy production, as well as development of residential and commercial energy automation and conservation products and plans announcements regarding these developments in the near term.

Finally, Mr. Atamian intends to appoint several new individuals to the Board of Directors in the coming weeks. He plans to draw on people who have experience in the real estate, energy and construction sectors as well as people with experience in government planning at the federal, state and local level. Mr. Atamian stated, "I am truly excited for the opportunity to take the helm of the company." He further stated, "I intend to build a profitable and expanding enterprise to grow shareholder value into the future."

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.