Monarch Bay, Calif., May 10, 2012
/PRNewswire/ -- Microelectronics Technology Co. (OTC-BB:
MELY.PK): Microelectronics Technology Corporation is pleased to
announce its wholly owned subsidiary Cloud Data Corps's new
business center the Dynamo Server Division has completed its search
for a suitable co-location partner to begin the deployment of
dedicated servers to meet the needs of Cloud Data Corps existing
clientele.
The Dynamo server offering 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 hardware
acquisition.
The company is performing according to its projected time frames
and expects to roll out its offering as previously reported, in
May 2012.
"The establishment of a co location partner that understands the
business model Cloud Data Corp represents and the scalability
requirements it's customers require is essential. Upon the
success-full initiation of the Dynamo Server Division the company
will immediately begin providing its hosting services to third
party clientele," stated Company President Brett Everett. "This will enable the company to
begin booking revenues from the Dynamo Server Division immediately,
which is a significant milestone for a developing Cloud Technology
Company."
In addition to the Dynamo dedicated server offering, the
Vancouver co-location will also
house Cloud Data Corps Sproq.com servers.
Sproq next generation cloud application hosting customers will
be able to start with a single Sproqet, as they need to scale up
they will be able to purchase additional Sproqets.
Sproq.com service is currently under development, with
developmental servers and hardware already deployed. Sproq.com is
scheduled for launch second quarter 2012.
For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1 866 587 2860
www.melypk.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.
Additional considerations and risk factors are set forth in
reports filed on Form 8-K and 10-K with the SEC and other filings.
Readers are cautioned not to place undue reliance upon these
forward-looking statements; historical information is not an
indicator of future performance. The Company undertakes no
obligation to update publicly any forward-looking statements.
SOURCE Microelectronics Technology Co.