Macada Holding, Inc. Reports Progress Under New Management
August 02 2010 - 7:30AM
Marketwired
Macada Holding, Inc. (PINKSHEETS: MCDA) today announced the signing
of a financing agreement and provided guidance on the outlook and
the vision of the Company under its new Chairman and President.
Macada has signed a letter of intent with Manhattan Capital
Corp., LLC for Manhattan to provide to $3 million in financing over
the next two years. Completion of the proposed transaction is
subject to numerous contingencies, including due diligence and
approval of counsel.
Macada's new CEO and Chairman, Ron Ritter, also provided
guidance on the progress of the Company and its focus under his
leadership. "I believe there is a solid start for our new structure
and our Bio-Skin line. I feel confident that the new lotions and
products will start to be profitable by the end of September and
our 4th quarter will be strong and growing."
Mr. Ritter continued, "Macada is poised to move rapidly with
streamlined management, manufacturing, delivery and marketing. The
more you see all the pieces in place, the more you can start to
predict growth will be rapid and profitable, possibly allowing for
further expansion and absorption of other companies that need
innovation in these areas."
Macada Holding (PINKSHEETS: MCDA) has a new vision to reshape
the conventional notions in the manufacturing industry. The new
executive team brings fresh perspective to a company and industries
in this economy that have heretofore struggled to find ways to
appeal to the huge world wide consumer market. Macada Holding has
been restructured with a vision to bring together a comprehensive
range of products with manufacturing, marketing and delivery
capabilities, utilizing the latest technologies available. Macada
Holdings will start to bring fresh revenues to under-utilized
markets.
"The first sector we favor is the medical skin care market where
we have found some niche arenas," said Mr. Ritter. "You may be
surprised to discover how innovative our medical formulas are. They
were created to treat various skin ailments in a massive industry
that needs results. Changes will occur with the launching of
Bio-Skin treatments. It is easy to envision this as a rapid growth
line with multiple income streams. We see this division is poised
to flourish in the 3rd and 4th quarter of 2010."
"The second sector we favor is the firearms industry,
particularly the start-up and expansion of an ammunition
manufacturing plant. The demand for quality ammunition in the
United States and globally has continued to rise and last year as
the industry enjoyed massive growth and profitability," continued
Mr. Ritter. "Local demographics will easily absorb the initial
production and our expansion to national and the military markets
will be swift. We predict sales and profits will be stable with
continual and rapid growth."
Macada Market News and Highlights
Macada looks to exploit these large arms and medical markets.
The skin disease treatment companies have been spoiled by their
tremendous recent successes, and have consequently overlooked some
potentially hugely lucrative opportunities. Currently,
approximately 50% of all skin diseases patients are not receiving
treatment that helps or works in their situation. LyfeTec has been
testing Bio-Skin samples and is extremely impressed with the
results of its new formulas.
New mothers will be pleased to find that LyfeTec will launch a
new product to help newborns with the condition of "cradle cap."
LyfeTec's new Bio-Skin line and its cradle cap product will be
uniquely positioned to cater to and capitalize on this demand.
The firearms industry has undergone radical transformation and
experienced exponential growth in recent years. Macada Holding has
benefited from this expansion and has had its business model
validated by recent performance. In March of 2009, Macada acquired
Pembroke Gun and Range and since then Pembroke has received more
visitors and profits in the last five months than in the previous
last two years combined. This greatly increases the Macada's
results.
Macada Holdings Subsidiary LyfeTec has been working diligently
with the laboratory that supplies LyfeTec's samples and products.
This supplier offers Macada a turn key solution which benefits
LyfeTec demands to have a high end product with results, testing
and packaging, from an FDA-approved facility.
"We believe that by the end of the year, having achieved
increasing results in sales and earnings, we can look back on all
this and see how it produced surprising growth. That is what we are
all here for, isn't it?" said Mr. Ritter.
Safe Harbor Provision
This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These
statements are necessarily subject to risk and uncertainty. Actual
results could differ materially from those projected in these
forward-looking statements as a result of certain risk factors that
could cause results to differ materially from estimated results.
Management cautions that all statements as to future results of
operations are necessarily subject to risks, uncertainties and
events that may be beyond the control of Macada Holding, Inc. and
no assurance can be given that such results will be achieved.
Potential risks and uncertainties include, but are not limited to,
the ability to procure, properly price, retain and successfully
complete projects, the availability of technical personnel, changes
in technology and competition.
Contact: Ron Ritter Chairman and CEO rritter@lyfetec.com Steven
Cohen President MCDA -- MACADA HOLDING, INC. 4701 N. Federal HWY,
Ste 430 Pompano Beach, FL 33264 www.bio-skin.us www.lyfetec.com
www.lyfepet.com info@lyfetec.com 954-960-5079
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