SOURCE: Mediatechnics Corporation

May 13, 2008 06:00 ET

Mediatechnics Corporation Revenues Increase

LAKEWOOD, NJ--(Marketwire - May 13, 2008) - Mediatechnics Corporation (PINKSHEETS: SLVO) is pleased to announce that preliminary revenue results for all divisions exceeded $725,000 for the quarter ended March 31, 2008. This compares to $403,000 for the same period last year. These numbers include revenue from all of our subsidiaries, while last year first quarter results only reflect Mediatechnics Systems, Inc. (MSI) revenues. This represents a greater than 79% increase for the company as a whole and 37% increase in MSI over the same quarter last year. The company is working diligently to report complete first quarter financials as soon as possible.

About Mediatechnics Corporation (Formally Silverado Financial, Inc. (PINKSHEETS: SLVO)):

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 retailer's 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.

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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