MediaTechnics Acquires Medical Services Company
October 16 2012 - 8:30AM
Marketwired
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.
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