MICROELECTRONICS BTCPOOLPARTY RECIEVES CCN-CRYPTO COINS NEWS REVIEW
MONARCH BAY, CA, United States, via ETELIGIS INC., 12/05/2014 – – Microelectronics Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY) The Board of Directors is pleased to announce that the company has received a review of the BTCPOOLPARTY mining pool and the company’s mining operation and future development plans.
The article can found by following this link:
“This article is an endorsement of the company’s business commitment to transparency in the Bitcoin industry in particular the Bitcoin mining pool industry” states company President Brett Everett. “The company feels that its own mining pool, www.BTCPOOLPARTY.combeing the only openly transparent and third party audited mining pool, is setting a new standard among pool operation for the future. As an operator of a worldwide pool the company is aware of the expense required to program, develop, and operate a BTC Mining pool and is transparent in the 3% fee structure that will be charged by the pool to participate. It brings into question how all of the other ZERO FEE pools can actually operate without accumulating significant operating losses unless there is value derived from other operations of the pool without open disclosure to the miners participating in the pool.”
The company through Mr. Garavaglia, has ordered its first shipment of Spondoolies-Tech
SP 20s. Each SP-20 produces 1.7 TH/s the company’s initial order of 270 units providing 460 TH/s will ship mid-December. The company is preparing the Washington facility for installation upon receipt of the servers.
The company has finalized its negotiations for a two million dollar long-term debt placement with a private placement agent. The company will be offering a 12% Convertible Preferred, convertible after 24 months into common shares of the company at a 30% discount to market of a lowest three day average bid price, based on a 5 day look back.
This offering is currently in legal with expectations the company will be receiving subscriptions prior to months end.
This financing will allow for the company to expand and accelerate its server acquisition for the new year.
BTCPOOLPARTY Mining Pool:
The company continues to develop and improve the BTCPOOLPARTY mining pool with the introduction of more detailed stats of the mining operations available over the next several days.
Additional photos and videos can be viewed at the company’s Facebook page:
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.
Microelectronics Technology Co.
Mr. Brett Everett
SOURCE: Microelectronics Technology Company