SOURCE: Mediatechnics Corporation

MediaTechnics Corporation

July 08, 2013 09:13 ET

MEDT Plans to Form Joint Venture to Develop Computer Controlled LED Grow Lights

SCOTTSDALE, AZ--(Marketwired - Jul 8, 2013) -  MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it has executed a letter of intent to form a joint venture with R-Quest Hydroponics ("RQI") to develop LED lighting systems to interface with RQI's hydroponic system controllers.

In further news, MEDT has received commitments to fund its disclosure requirements and basic operations for the next quarter and expects to complete its FY 2012 and Q1 Financial Statements, as well as an updated Initial Company Information Statement during the current month and anticipates publishing them via OTC Markets in the same time frame.

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.