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MediaTechnics Corporation Announces Cancellation of its Acquisition of Forward Energy, LLC

^{Published on 2010-06-25 18:01:24 - Market Wire}
 

BEVERLY HILLS, Calif.--([ BUSINESS WIRE ])--MediaTechnics Corporation (Pink Sheets: MEDT) hereby announces, pursuant to the terms of a Stock Purchase Agreement executed April 19, 2010, that it has cancelled its acquisition of Forward Energy, LLC of Billings, Montana (aForwarda).

More information on the cancellation of the agreement shall be forthcoming in the near-term.

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, and are intended to be covered by the safe harbors created by that 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.