SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

November 01, 2011 09:00 ET

MediaTechnics Noble Jets Subsidiary Generates $175,000 in Revenues

SCOTTSDALE, AZ--(Marketwire - Nov 1, 2011) - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that, since it was acquired on October 20, 2011, the Company's Noble Jets LLC (Noble) subsidiary has booked revenues in excess of $175,000.

Noble is a wholly owned air transport company operating internationally and based in Scottsdale. Noble counts among its customers many high value individuals, celebrities, foreign dignitaries and major international corporations.

Noble anticipates revenues for the next twelve months to be in excess of $3,000,000 and anticipates maintaining a gross margin of approximately of 12%.

Noble anticipates opening offices in Ukraine in the very near future and plans to expand to Russia and China thereafter.

Noble continues to generate revenues of approximately $325,000, if not more, during the remainder of 2011. Noble continues to believe that it will remain a profitable enterprise under the auspices of MEDT and believes it can grow its revenues substantially over time.

Management believes that the addition of revenue generating lines of business, and the cash flow they generate will help the Company meets its goals in all of the sectors it has interests in, significantly increasing shareholder value. Management intends that the addition of Noble to be one of many accretive acquisitions of revenue generating business it intends to complete in the near future.

The Company remains in negotiations with other firms and intends to update shareholders as events warrant. The Company intends that all future acquisitions significantly increase shareholder value.

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.