SOURCE: Microholdings US

December 29, 2010 09:45 ET

Microholdings US, Inc., a Publicly Traded Pink Sheets Company, Announced Today That It Has Signed a Definitive Agreement to Purchase the Racers Edge, Inc.

VANCOUVER, WA and PORTLAND, OR--(Marketwire - December 29, 2010) -  Microholdings US (PINKSHEETS: MCHU) announced today that it has signed a definitive agreement to purchase The Racers Edge, Inc.

Microholdings US is a Public Holding Company positioned for new mergers and/or acquisitions. The company has currently signed a definitive agreement to purchase The Racers Edge, Inc. The Racers Edge Company is in Performance and Pain management for everyone from Pro Athletes to the average person with chronic pain. Microholdings US Inc. will seek to expand the marketing and sale of the Racers Edge Products through mass media marketing in 2011.

James Wheeler, Chairman/CEO, stated: "We are pleased to announce our due diligence is complete and we have signed a definitive agreement to purchase The Racers Edge Inc." Mr. Wheeler continues: "We are excited about the Racers Edge products and feel that they will increase the revenue of Microholdings significantly in the upcoming year, management also believes it will bring shareholder value back to MCHU." The closing will take place on January 1, 2011 to make the financial reporting easier on both companies. For more information visit our company web-sites at www.microholdingsus.com or www.theracersedge.us.

About Microholdings US, Inc.

Microholdings US, Inc. is 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.pk.

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