SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

September 07, 2011 09:00 ET

MediaTechnics Issues Request for Proposal for Solar Power Systems

SCOTTSDALE, AZ--(Marketwire - Sep 7, 2011) - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it issued a Request for Proposal to its Chinese Venture Partner in order to obtain final pricing for a new line of photovoltaic solar power generating systems to be built in China for the Company's joint venture, Apex Solar Corporation.

The Company has received requests for pricing on up to 2 MW of solar panels and ancillary equipment and believes that it should be able to supply the panels and equipment necessary to power the large-scale commercial power plants under consideration at highly competitive prices. The Company plans to update shareholders as events occur.

In further news, on September 6, 2011, the Company shares hit a new fifty-two week high share price. The Company's president, Henri Atamian, stated, "This is very exciting time for MediaTechnics and it is my belief that the we have only just begun to explore the many and varied opportunities that may lie before us, opportunities that we anticipate will drive the company in new and exciting directions. I would also like to express my sincere gratitude to our shareholders for their continued support for our plans and direction is truly appreciated."

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.