SCOTTSDALE, AZ--(Marketwire - Feb 28, 2013) - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it has executed a letter of intent to acquire a newly formed entity, NTG Designs LLC ("NTG"). The parties are currently negotiating the terms of stock purchase agreement.
NTG was formed to acquire the intellectual property, including all trademarks and websites of Gold Silk Inc. The parties expect to complete the transaction within the next thirty days.
Gold Silk is a major brand name in duty free shops and airline catalogs with an emphasis on Asian markets. The website is www.goldsilk.com. MEDT and NTG plan to begin production on a large scale during 2013 with the launch of several product lines of jewelry in addition to products already sold on the Gold Silk website.
MEDT continues to work towards completing its 2012 Financial Statements, as well as an updated Initial Company Information Statement and intends to publish them via OTC Markets as soon as possible.
MediaTechnics is focused on acquiring companies with a great potential for growth and expansion and is also developing a line of LED based lighting systems and anticipates commencing systems sales in the near future.
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.