MONARCH BAY, CA, United States, via ETELIGIS INC., 12/17/2014 – – Microelectronics Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), The Board of Directors is pleased to announce that the company has declared a preferred share dividend payable to its shareholders of record January 16, 2015.
The preferred share will be distributed on the following basis. One preferred share for every five million common shares held on the record date, January 16, 2015. Each preferred share will be convertible into 100,000 common shares of the company after 12 months of issue date.
The anticipated date of issuance of that preferred stock is February 16, 2015.
The preferred shares will have no voting powers until converted into common shares of the company.
This preferred share dividend is being made to reward the loyal shareholders of Microelectronics Technology Corporation.
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.
Mr. Brett Everett
SOURCE: Microelectronics Technology Company