Microelectronics Technology Corporation Enters Into Negotiations for the acquisition of a Cyber Currency Digital Mining Company

Microelectronics Technology Corporation Enters Into Negotiations for the acquisition of a Cyber Currency Digital Mining Company
  
 

MONARCH BAY, CA--(Marketwired - Feb 18, 2014) - Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY) is pleased to announce the Company has entered into negotiations for the acquisition of an established digital mining company and its digital mining assets.

The acquisition will include the existing operational digital mining servers and support software which will be transitioned to the Dynamo Server co-location facilities to allow for peak efficiency utilizing the state of the art server and seamless expansion capability dynamo servers can provide. 

The Dynamo Servers platform was built from the ground-up to accommodate the needs of modern dedicated server customers, with features that are unique to the market. A simplified pricing model was applied to an expansive configuration system, allowing for predictable pricing without the customization limitations or penalties that are common among providers. An API was built to allow for integration with custom software and 3rd-party services. Social features were added to enable a dialogue among customers and a level of transparency unheard of in the industry. As long-time dedicated server customers, the people behind Dynamo Servers built a platform that they would want to use themselves.

About Dynamo Servers Dynamo Servers provide dedicated servers to clients through our point of presence in Vancouver, Canada inside a carrier neutral facility owned and operated by Cologix Inc. www.dynamoservers.com

About Cloud Data Corp Cloud Data, a Nevada Corporation provides high availability dedicated web servers to small, medium and large companies under its brand www.dynmoservers.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

For further Information: Microelectronics Technology Co. President: Mr. Brett Everett 1-949-436-9382 www.clouddatacorp.com www.melypk.com