SOURCE: Mediatechnics Corporation
SCOTTSDALE, AZ--(Marketwire - Oct 16, 2012) - MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it executed an agreement to purchase MedLaw Capital LLC. of Fountain Hills, Arizona ("MEDLAW") in exchange for restricted preferred stock on Labor Day, September 3, 2012. The delay in reporting this event is due to both companies need to complete GAAP financial statements prior to consolidating statements and that work is now almost complete.
MEDLAW operates one medical services clinic in the Metropolitan Phoenix area and is planning to expand into a second facility within MEDT's headquarters in the Scottsdale Airpark, during the Q4 2012 or Q1 2013. Confidentiality agreements prevent MEDT from disclosing further information regarding MEDLAW until we have completed our consolidated financial statements and made that information publicly available.
On that note, management is working diligently to complete those financials and anticipates posting our 2011 Fiscal Year End Financial Statements, our Q1 2012, Q2 2012 and Q3 2012 Financial Statements as well as an updated Initial Company Information statement by, or prior to, November 15, 2012.
MEDT also anticipates further acquisitions in the coming months.
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 (the "Act"), and it is the Company's intention and belief that all such statements are covered by the safe harbors created by the 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.