SOURCE: Silverado Financial, Inc.

April 22, 2008 06:00 ET

Silverado Changes Its Name

Silverado Financial, Inc. Is Now MediaTechnics Corporation

LAKEWOOD, NJ--(Marketwire - April 22, 2008) - Silverado Financial, Inc. (PINKSHEETS: SLVO) is pleased to announce that it has filed amended and restated articles of incorporation with the Secretary of State of Nevada and our new name is MediaTechnics Corporation.

This change in name reflects the rebirth of the company as a manufacturer of media duplication equipment, duplication fulfillment services and distribution company. MediaTechnics CEO, Rick Wilson stated, "We have begun the first of many steps to transition towards our goal of creating one of the world's foremost optical media equipment manufacturing, duplication fulfillment service, sporting goods manufacturing and distribution companies. We are currently beginning the process of obtaining a new trading symbol and CUSIP number and we will advise the public as to what date we intend to begin trading under a new symbol as soon as is practical."

In further news, MediaTechnics is pleased to announce that preliminary results for its Mediatechnics Systems, Inc. division exceeded $550,000 in revenue for the first quarter of 2008. This compares to $403,000 for the same period last year. This represents a greater than 37% increase over the same quarter last year. Preliminary Q1 results for our other divisions are not in yet and will be reported as they become available.

About Mediatechnics Corporation (Formally Silverado Financial, Inc. (PINKSHEETS: SLVO)):

Mediatechnics Corporation is the parent company of Mediatechnics Systems, Inc., Media Master Corporation and Water Skeeter Sports Innovations. Mediatechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailer's in the United States and Canada.

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, and are intended to be covered by the safe harbors created by that 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.

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