Macada Holding, Inc. Offers Company Update
October 04 2010 - 9:35AM
Marketwired
Macada Holding
, Inc. (PINKSHEETS: MCDA)
announced that management has completed negotiations on three
Marketing and distribution agreements with Lyfetec, Inc for their
Bio-Skin products. The company plans are to acquire other medical
product companies and their assets into the company's subsidiary
Lyfetec, Inc.
Macada Management also has completed the Lyfetec - Pembrook Gun
Range and Macada's financials and disclosure statement and placed
them on the Pink Sheets. "We have been working diligently to
improve the company structure and position to become a profitable
company for shareholder value. We intend to double the company's
revenue by the end of the 4th quarter," said Ron Ritter and Steven
Cohen, MCDA's CEO and President. "The Company is now in the process
of finalizing definitive agreements to acquire the supplement
products," he continued. "To this end, we will increase the
transparency of the company through public disclosure and the
posting of financial statements of the new company structure."
Lyfetec's continued focus will be in the manufacturing of the
Bio-Skin line, launching this month's Internet sales with the first
two: eye cream and serum.
Pembroke has recently remodeled a new teaching facility and
calibrated all the lanes in the range for better accuracy. Ron will
focus in the sporting goods industry and the new AMMO manufacturing
plant this month.
Macada will announce each deal upon completion of any
closing.
Lyfetc, Inc. also announces, as of today that the company is
exploring the opportunity of its second "clinical" product line.
"We presently have several professional relationships in the United
States and internationally for distribution and interest with three
companies in global private branding licenses and distribution
rights with their product lines," said Mr. Cohen. "More information
will be released subsequent to any changes."
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 954-782-2056
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