SOURCE: Microelectronics Technology Company
MONARCH BAY, CA via MacReportMedia.com, 6/4/2014 1:24:00 AM
Microelectronics Technology Corporation 100 Th/s Server Order
Microelectronics Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), the Company is pleased to announce the company has ordered 100- 1 Th/s servers in a bulk order.
The company has ordered under a PO. And fully paid in advance for 100 - 1 TH/S BTC Mining Servers.
Pursuant to the delivery schedule indicated by the supplier, the company should receive the first shipment of servers in the third week of June, with a series of deliveries each week until fulfilled by months end. The company will provide shipping and receiving updates as well as establish the mining servers on the BTC pool party, mining pool as they become available.
The company expects significant results from the BTC Pool Party mining pool once the 100TH/s have been installed and are operational.
Bitcoin Mining: BTC
The company is in development of a 100 TH/s mining pool.
The company will be investing in the required hardware needed to provide the targeted 100 TH/s rate over the period of six to eight months.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
About Dynamo Servers
Dynamo Servers provide dedicated servers to clients through our point of presence in Vancouver, Canada inside a carrier neutral facility owned and operated by Cologix Inc.
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
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