SOURCE: Microholdings US

December 08, 2010 09:45 ET

Microholdings US, Inc., a Publicly Traded Pink Sheets Company, Announced Today That It Has Signed a Letter of Intent to Purchase The Racers Edge, Inc.

VANCOUVER, WA and PORTLAND, OR--(Marketwire - December 8, 2010) - Microholdings US, Inc. (PINKSHEETS: MCHU) an acquisition and holding company announced today that it has signed a letter of intent to purchase The Racers Edge, Inc. The Racers Edge performance and pain products consist of two separate performance and pain chips and 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.

James Wheeler Chairman/CEO stated: "We have signed the letter of intent and are currently finalizing our due-diligence on The Racers Edge, Inc.; once this is complete to our satisfaction we will complete the transaction." Wheeler continues: "We believe we should be able to complete the acquisition within the next few weeks." MCHU continues to work on an additional acquisition and hopes to bring it to a conclusion within the next 10 days. For more information on Microholdings U.S. Inc. contact or for information on The Racers Edge, Inc. go to

About Microholdings US, Inc.

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 pink-sheet under the symbol:

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 U.S. Inc. will continue to seek out new acquisition candidates with the intent to eventually create new public entities to bring value to MCHU shareholders. 

For more information on Microholdings U.S. Inc. contact or visit for the latest available company information. 

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.

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

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