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Last updated on April 16, 2014 at 7:25 EDT

Dynamo Server Division Identifies Co-location Partner

May 10, 2012

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.


Source: PR Newswire