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Marketing Concepts International Inc.: Seakinetics Corporation Announces Its' Intention to Acquire a Controlling Interest in Ma

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^{Published in Business and Finance on Tuesday, May 12th 2009 at 6:57 GMT, Last Modified on 2009-05-12 06:58:22 by Market Wire}  

TORONTO, ONTARIO--(Marketwire - May 12, 2009) - Marketing Concepts International Inc. (the "Company") (PINK SHEETS:MCCI) has signed a Letter of Intent with Seakinetics Corporation in which Seakinetics will be acquiring a controlling interest in Marketing Concepts International. Seakinetics will participate in funding initiatives as required.

The Company's President and CEO, Kenneth W Mann stated "the Company is in its final negotiations and I believe that this decision will benefit our shareholders."

Seakinetics is a publicly traded company, trading on the Frankfurt Exchange in Germany, (M-90). To see recent quotes for Seakinetics please click on this link: [ http://deutscheboerse.com/dbag/dispatch/en/isg/gdb_navigation/home?module=InOverview_Equi&wp=US8120241075&foldertype=_Equi&-1310949166 ]

Seakinetics was established for the purpose of designing, developing, marketing and investing in innovative technologies and services in the renewable energy field. Seakinetics' mission is to be the best in finding solutions for renewable energy today and for the foreseeable future.

The shareholders of MCCI will receive a preferred stock dividend which will be distributed as sales are generated by the MCCI clients being funded. A percentage of the client corporations' net sales will be deposited in a trust account with a Canadian chartered bank.

The trust account will be used to establish a cash value for all outstanding preferred shares. As sales increase, either from existing MCCI clients or from the acquisition of new clients, the trust account will reflect the increase in the value of the preferred shares. All or any part of an MCCI stockholder's preferred shareholdings may be redeemed for its cash value at any time.

This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.