SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

August 03, 2011 09:00 ET

MediaTechnics to Create Joint Venture

SCOTTSDALE, AZ--(Marketwire - Aug 3, 2011) - MEDIATECHNICS CORPORATION (PINKSHEETS: MEDT) is pleased to announce that it has executed a Memorandum of Understanding with China Connect Financial Advisory Group, Inc. "CCFA."

The Company had previously announced that it had formed Apex Solar Corporation in order to exploit several opportunities in solar power generation land acquisitions. This process continues and we are very pleased to announce that CCFA will also be added as a partner.

CCFA brings extensive contacts in China and the Pacific Rim and maintains offices in Dalian, Liaoning, China. Their website may be found at http://chinaconnect999.com.cn.

It is the intention of both companies that CCFA act as primary negotiator between Apex and a large, state owned manufacturer of high quality PV panels, inverters and ancillary equipment, to facilitate an agreement whereby the Chinese manufacturer would act as the primary supplier of complete, custom solar panel systems for installation in either or both of MEDT solar power installations or third party applications where Apex would supply complete systems for integration into customer solutions.

The Company is continuing 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 expects to complete agreements in the next few weeks and will update shareholders as necessary. Apex's website remains under development and should be available soon after completion of the requisite agreements at www.apexsolarcorp.com.

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.