"These negotiations have been finalized subject to formal documentation," stated Microelectronic Technology company president Brett Everett. " The company looks forward to the introduction of a new 'White Label' partner for the roll out of a unique brand of business for the DomainStutter Technology providing for another revenue stream to Cloud Data Corp from the exploitation of its existing suite of technologies and services."
Contract finalization is expected by May 31, 2012.
The company continues to progress on its roll out of the Dynamo server offering which will consist of valued priced dedicated server rentals to third party customers. The servers will be located within Canada. This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.
The company is currently completing its co-location selection and sign off, and hardware acquisition.The company expects to roll out its offering in May 2012. Initiating the company's entry into this multi billion dollar marketplace in conjunction with the development of the www.Sproq.com. For further Information:Microelectronics Technology Co.President:Mr. Brett Everett1 866 587 2860 www . melypk . com www . clouddatacorp . com www . sproq . com www . domainstutter . com
Forward-Looking Statements This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; MELY's ability to commercialize its technology; ability to defend intellectual property; material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.