SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

July 12, 2011 23:52 ET

MediaTechnics Issues Corporate Update

SCOTTSDALE, AZ--(Marketwire - Jul 12, 2011) - MEDIATECHNICS CORPORATION (PINKSHEETS: MEDT) is pleased to update shareholders on several developments.

The Company has formed Apex Solar Corporation in order to exploit several opportunities in solar power generation land acquisitions. The Company is currently engaged in negotiations with several parties to acquire a combination of land, land leases and/or options on land or land leases in the desert southwestern United States situated close to major power grid infrastructure. The Company hopes to reduce basic understandings to writing within the next few weeks and will update shareholders as necessary. Apex's website is under development and will be available soon at

Additionally, the Company has begun negotiations to assume the note against the commercial building currently covered by the Lease/Purchase Agreement dated October 1, 2010 and the conversion of the building to outright ownership through exercise of its relevant purchase option. The Company hopes to have the transaction completed in the very near future. The Company will utilize the building as its corporate headquarters and further intends to perform product testing of new technologies at this facility in the ensuing months.

In further news, the Company has completed its June 30, 2011 financial statements and intends to publish them within the next week to ten days.

The Company continues to interview several candidates for Board membership and intends to update the public when decisions are reached.


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.