Microelectronics Technology Corporation Next Generation Cloud Application Hosting: Market Update 1.1 Trillion Per Year New Revenues Projected

MONARCH BAY, Calif., March 15, 2012 /PRNewswire/ -- Microelectronics Technology Co. (MELY.PK – News):  The Company is pleased to provide an update regarding the Cloud Computing opportunities the company is strategically positioning to take advantage for future growth.

14 Million Reasons to Get With the Cloud Hosting Wave…NOW

"According to breathtaking new research from Microsoft, the result of a commission to analyst firm IDC, approximately fourteen million new jobs will be created by the year 2015, all of those jobs stemming from a swelling boom in cloud computing. Profits generated from such a boon in cloud activity to skyrocket to more than $1 trillion dollars within the exact same time frame. This combination of revenue heights and a shot in the arm to unemployment woes worldwide could potentially translate into an unprecedented shift in workplace structure. Readers, the take home figure is three years — the amount of time in which cloud's significance will mushroom.

Those professionals who are not yet cloud savvy should view these three years as an opportunity to self-educate, quickly and deeply. The most critical knowledge is the difference between Infrastructure as a Service, Software as a Service, and Platform as a Service, three cloud essentials which a recent article from Business Insider efficiently elucidates. Yet beyond such bottom-tier information, other crucial basics include an understanding of how cloud interweaves with the issues of the day, such as American governmental policy and European data protection protocol.

Spending on public and private IT cloud services will generate nearly 14 million jobs worldwide from 2011 to 2015, according to a new study by the analyst firm IDC. The research, commissioned by Microsoft, also found that IT innovation created by loud computing could produce $1.1 trillion a year in new business revenues." states author Jeff Norman in his article published by online magazine CloudTweaks.

Cloud Data Corporation with the implementation of its Web App Cloud Hosting Modules- Sproqets configuration will be a leader in rush to provide the infrastructure required to facilitate App Hosting Tidal wave of demand in the next three years.

Upon successful alpha test completion, the next phase of development will be to establish a commercial co-location facility with the bandwidth, security and reliability required to meet the scalability of the Sproq Node modules.

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 and Cloud Data Corp is planning for the first point of presence in Seattle, Washington.

A pre- beta launch sign up is available at www.sproq.com where invites will be sent out for our beta.

For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1 866 587 2860

www.melypk.com  
www.sproq.com  
www.domainstutter.com

Forward-Looking Statements

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 Corporation