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Mediatechnics Duplication Industry Blog » Blog Archive » Mediatechnics To Be Acquired

Mediatechnics To Be Acquired

BEVERLY HILLS, CA, Feb 14, 2008 (MARKET WIRE via COMTEX) — SILVERADO FINANCIAL, INC. (PINKSHEETS: SLVO) is pleased to announce that it has signed a letter of intent to purchase MEDIA TECHNICS SYSTEMS, INC.

Silverado Financial recently announced its acquisition of Media Master Corporation (”MMC”), a spin-off of Media Technics Systems, Inc. (”MSI”). Today, Silverado is pleased to announce that it has signed a letter of intent to purchase MSI itself. MSI is an industry leader in the manufacture of CD, DVD, BLU-RAY and other optical disc duplication machinery and provides many other products and services to this important industry. MSI’s and MMC’s businesses are complementary and it is the intention of management to recombine these two distinct companies into a single operating unit. Last year, MSI’s sales exceeded $2 Million and MSI expects to increase that substantially this year through exciting new products and services currently in development and rapidly nearing deployment.

Read the Entire Press Release Here

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