SOURCE: Microholdings US

December 16, 2010 10:35 ET

Microholdings US, Inc. Announces Upgraded Status With Otcmarkets.com and Pinksheets.com

VANCOUVER, WA and PORTLAND, OR--(Marketwire - December 16, 2010) - Microholdings US, Inc. (PINKSHEETS: MCHU), an acquisition and holding company, announced today they have upgraded their status to Limited information with Pinksheets.com and Otcmarkets.com and the stop sign has been removed from the MCHU ticker symbol. The company further announced that we will continue to work with PinkSheets in an effort to become a current reporting company on the OTC Markets.

James Wheeler, Chairman/CEO, stated: "We are pleased with the progress our team has made by upgrading our status. Investors will have the most current information regarding acquisitions and our most recent financial information. We have filed our most current financial statements with PinkSheets.com. This will give our customers and the investment community the most up to date information regarding the NEW DIRECTION OF MICROHOLDINGS US."

About Microholdings US, Inc.:
Incorporated in the state of Oklahoma and has been in operation since October 1998. It is currently a publicly traded company, trading on the pinksheets under the symbol: MCHU.

The company is a Public Holding Company positioned for new mergers or acquisitions. The company has currently signed letters of Intent to purchase two diverse companies. One is in the Technology field and the other in Performance and Pain management for everyone from Pro Athletes to the average person with chronic pain. Microholdings US, Inc. will continue to seek out new acquisition candidates with the intent to eventually create new public entities to bring value to MCHU shareholders. www.microholdingsus.com

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.

Acquisition in Process:

About The Racers Edge, Inc.:
The Racers Edge 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 Hologram Patches, 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 Hologram Patches 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, Barracuda Networks, Acronis, VMWare, Panterra Networks & N-able Technologies.

Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MCHU officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.

Contact Information

  • Contact Information:
    Microholdings US
    Vancouver, WA
    James Wheeler
    Chairman & CEO

    Premier Media Service Inc.
    Kelly Black
    President
    480 649-8224
    866-216-8814