Dynamo Servers to roll out Dedicated Server Division During May 2012. New Client Acquisition in Process.
27 Apr, 2012, 08:00 ET
MONARCH BAY, Calif., April 27, 2012 /PRNewswire/ -- Microelectronics Technology Co. (MELY.PK): The Company previously announced incorrectly that the roll out of the Dynamo Server Division of Cloud Data Corp would be during May 2102. This date was to read May 2012.
The company is pleased to announce that it has entered into formal negotiations with two potential clients for dedicated server rentals to initiate the roll out of the Dynamo Server Division. The company anticipates that these will be the first of many new contracts the company will be establishing during the roll out phase.
Clients have identified and requested the advantage of renting, rather than purchasing, a dedicated server since co-location hosting for rented servers can be set up to include cloud-based backup or hybrid hosting. This is ideal for E-commerce webmasters and bloggers who experience peak and seasonal increases in bandwidth demands, and need to have a backup available in the event of increased usage or scalability. Clients that take advantage of the hosting company's cloud servers for dedicated server sql backup as well as for resource support are the most reliable and cost-effective choices for E-commerce and internet marketing. Bloggers, especially those who may be met with unpredictable demands for additional resources, also find rental of dedicated servers along with a cloud backup to be an ideal solution to their needs.
The ability to easily upgrade rental packages, as well as to take advantage of cloud backup for co-located rented servers, enables clients to maintain the highest possible server capacity and bandwidth at a reasonable price.
The Dynamo server offering will consist of valued priced dedicated server rentals to third party customers. The servers will be located within Canada. This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.
The company is currently completing its co-location selection and sign off, and hardware acquisition.
The company expects to roll out its offering in May 2012. Initiating the company's entry into this multi billion dollar marketplace in conjunction with the development of the sproq network.
"The potential for rapid expansion into the dedicated server market and instant cash flow makes the creation of the Dynamo Server division a significant step in the maturity of the company," states Microelectronics Technology President Brett Everett. "This is the first of many significant developments the company plans to implement in order to satisfy the company's growing customer demands."
In addition to the Dynamo dedicated server offering, the Vancouver co-location will also house Cloud Data Corps Sproq.com servers.
Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.
Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is scheduled for launch second quarter 2012.
For further Information:
Microelectronics Technology Co.
Mr. Brett Everett
1 866 587 2860
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.
SOURCE Microelectronics Technology Co.
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