Macada Holding, Inc. Offers Company Update
2010年5月26日 - 1:17AM
Marketwired
Macada Holding
, Inc. (PINKSHEETS: MCDA)
announced that management has completed negotiations on three
acquisitions in the medical and sporting goods manufacturing
industry. The company plans are to acquire each of these companies
and their assets into the company's subsidiary Lyfetec, Inc.
Macada Management also has completed the Lyfetec audit and
Macada's 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 Anthony Mellone, MCDA's President. "The Company is
now in the process of finalizing definitive agreements to acquire
medical and 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 medical
industry, Pembroke will focus in the sporting goods industry."
Macada will announce each deal upon completion of any closing.
Lyfetec, Inc. also announces, as of today that the company is
exploring the opportunity of an acquisition or merger of its second
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.
Mellone. "More more information will be released subsequent to any
closing."
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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