SOURCE: Mediatechnics Corporation

July 09, 2008 09:00 ET

MediaTechnics Corporation Completes $3,000,000 CRD Technologies, Inc. Acquisition

Expects 2008 Consolidated Revenues to More Than Double Over 2007

LAKEWOOD, NJ--(Marketwire - July 9, 2008) - MEDIATECHNICS CORPORATION (Formerly Silverado Financial, Inc.) (PINKSHEETS: MEDT) www.mediatechnicscorporation.com announced that it has completed the acquisition of Phoenix-based CRD Technologies Inc. (www.crdtechnologies.com), a marketing and manufacturing company with a wide-ranging distribution channel throughout the United States. CRD assists in the development, marketing and distribution of a multitude of different products for its customers on a contract basis. Through its wholly owned subsidiary, CRD Distributors, the company manufactures and markets private label consumer beverages and dietary supplements. CRD has been in operation since 2004 and has been involved in the development of a variety of consumable products that can be found in thousands of retail locations across North America.

During fiscal year 2007, CRD earned profits of more than $275,000 on revenues in excess of $1,200,000. CRD is currently experiencing significant revenue growth and, if current trends continue, expects sales to exceed $2,000,000 during fiscal 2008.

"The combination of our operating units: MediaTechnics Systems, Inc.; Media Master Corporation; The Live Network and CRD Technologies, Inc.; and other acquisitions currently in negotiation, when completed, lead us to expect that total consolidated revenues for MediaTechnics Corporation during 2008 will more than double over 2007," stated Rick Wilson, MediaTechnics CEO. He continued, "Today is an exciting day. Solidifying the relationship between MediaTechnics and CRD is a significant step. We will continue to pursue and partner with good companies in our industry. Ultimately building a company that offers our customers a variety of media solutions to accomplish their goals."

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.

About MediaTechnics Corporation (Formerly Silverado Financial, Inc.)

MediaTechnics Corporation is the parent company of Mediatechnics Systems, Inc., Media Master Corporation, The Live Network, and CRD Technologies. Inc. 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.

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.

Contact Information

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