SOURCE: Microholdings US

February 10, 2011 09:37 ET

Microholdings US, Inc. Announces OTC Markets Has Upgraded the Company to Current Information Status

VANCOUVER, WA--(Marketwire - February 10, 2011) - Microholdings US Inc. (PINKSHEETS: MCHU) announced today it has completed its filings with the OTC Markets and that securities are eligible to be traded without any restrictions or limitations, as a direct result of becoming a fully reporting company. Our status on with the OTC is now "OTC Pink Current Information."

James Wheeler, Chairman/CEO, stated: "We announced back on December 16th, when we were upgraded to Limited that our goal was to become a Current filer. Today we are pleased that we finished that goal and have been upgrading Current Status. This will allow MCHU to access financing resources for its acquisition and growth strategy that have not been available. Investors will have the most current information regarding acquisitions and our most current financial information." Wheeler continues: "Our goal is to continue to keep our promises to our investors and the investment community at large. When we put an announcement that the company is going to do something then we want to follow through to the end until we have completed that task. So far we're 3 for 3 regarding the NEW DIRECTION OF MCHU. We completed both acquisitions on schedule and are now Current on the OTC. We are excited about the future of MCHU and what 2011 will bring."

About Microholdings US, Inc.
MCHU is incorporated in the state of Oklahoma and has been in operation since October 1998. It is currently a publicly traded company, OTC: MCHU. Microholdings US is a holding company with the objective of acquiring innovative revenue producing businesses and expanding its current subsidiaries. As of January 1, 2011 the Company has purchased two operating companies: Connect IT Networks and The Racers Edge. For more information contact investor@microholdingsus.com or go to the company website at www.microholdingsus.com (http://premierstocks.tv/images/company_links/mchu.pdf) or http://www.otcmarkets.com/stock/MCHU/quote  for the latest company information. 

For more information on Microholdings US Inc. contact investor@microholdingsus.com or visit http://premierstocks.tv/images/company_links/mchu.pdf or Pinksheets.com for the latest company information.

Completed Acquisition January 1, 2011:

About The Racers Edge, Inc.: Products were created out of a need for a safe alternative to "over the counter" or prescribed medications to provide energy, stamina, and pain relief for athletes. The Pain Relief / Pain Management Chips, circular in appearance, are designed to reduce aches and pains of those suffering from minor everyday aches to chronic discomforts from injury. The Energy / Performance Chip are roughly half the size of a standard postage stamp and have all the energy of a sugar and caffeine-laden energy drink without any harmful ingredients or chemicals entering the body and without the crashes.

About ConnectIT Networks, Inc:
ConnectIT Networks, Inc. is an innovative business Technology Support and Service Company based on the belief that a MSP (Managed Service Provider) can provide quality outsourced IT (Information Technology) support and service to SMB companies who operate or need to operate their business electronically. ConnectIT Networks, Inc. provides real-time network and systems monitoring, reporting and technical support for its customers, as well as remote help desk support and on-site support services.

ConnectIT Networks, Inc. has strong technology partnerships with industry leaders such as Cisco Systems, Dell Computers, Microsoft Technologies.

Safe Harbor Statement
Forward-looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact Information

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