SOURCE: Mediatechnics Corporation

June 06, 2008 06:00 ET

MediaTechnics Corp. (MEDT.PK) Signs Letter of Intent to Acquire CRD Technologies Inc., Which Expects 2008 Revenues to Exceed $2,000,000

LAKEWOOD, NJ--(Marketwire - June 6, 2008) - MEDIATECHNICS CORPORATION (Formerly Silverado Financial, Inc.) (PINKSHEETS: MEDT) has entered into a Letter of Intent to acquire Phoenix-based CRD Technologies Inc. CRD is a contract marketing and manufacturing company which focuses on developing, branding, designing and manufacturing a wide variety of private label products including beverages and dietary supplements. CRD products can currently be found in thousands of retail locations across North America. "This arrangement will significantly expand our ability to generate new business. The cross marketing opportunities with CRD and MediaTechnics are very exciting," said Michael Ramer, CRD Technologies Co-Founder.

The CRD model allows customers to outsource the development, production, logistics, marketing and supply chain of their products. The CRD customer base is composed of traditional grocers, convenience stores, buying groups, wholesalers, private label marketers, promotional companies, and independent brands.

Rick Wilson, CEO of MediaTechnics, stated, "The addition of CRD demonstrates MediaTechnics' commitment to building a single source for our private label branded suite of products. Our in-house fulfillment and distribution services will now be able to service video, music, beverage and print media. We believe the synergies that we can achieve are unlimited."

About MediaTechnics Corporation (Formerly Silverado Financial, Inc.)

MediaTechnics Corporation is the parent company of Mediatechnics Systems, Inc., Media Master Corporation, The Live Network, and Water Skeeter Sports Innovations. MediaTechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company, The Live Network specializes in on-site event and conference CD/DVD production, and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailers in the United States and Canada.

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.

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