MediaTechnics Corporation (formerly Silverado Financial, Inc.) (PINKSHEETS: SLVO) is pleased to announce that its wholly owned subsidiary, MediaTechnics Systems Inc., has entered into a joint venture with Amerifund Inc. to help clients fund capital equipment purchases of CD and DVD duplication equipment.
Amerifund is a national working capital and equipment finance company that has been in business since 1995 providing funding to companies ranging from Fortune 100 entities to start ups.
Amerifund has developed a dedicated funding program for MediaTechnics and its clientele. Amerifund has been working with MediaTechnics for six years in regards to financing their clients' equipment but recently worked out a mutually beneficial opportunity in an exclusive arrangement. This new arrangement allows Amerifund to give MediaTechnics a competitive advantage in their market place due to structured financing made available to their client base. This structured financing can allow MediaTechnics clients the utilization of MediaTechnics equipment for up to six months without making any additional monthly payments. This program is specific to providing equipment financing and leasing for MediaTechnics clients on a national basis.
According to Rick Wilson, President at MediaTechnics, "One of the leading forces undermining our ability to greatly expand sales has been the inability of some of our customers to fund the acquisition of MediaTechnics products. I strongly believe that being able to offer clients an opportunity to fund equipment that they could not buy outright, should allow us to substantially increase our equipment sales. While MediaTechnics has offered financing using our own capital in the past, however, the opportunities that come with Amerifund providing the capital instead of MediaTechnics frees up all of that capital for expanding sales and infrastructure in ways not possible before."
About MediaTechnics Corporation (Formally Silverado Financial, Inc. (PINKSHEETS: SLVO)):
MediaTechnics Corporation is the parent company of MediaTechnics Systems, Inc., Media Master Corporation and Water Skeeter Sports Innovations. MediaTechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailer's in the United States and Canada.
Founded in 1993, Amerifund, Inc. has been built and operated on the basic assumption that it would achieve success if its customers were provided with excellent service and products by knowledgeable people they can trust at fair prices in an expeditious manner.
Headquarted in Scottsdale, AZ, Amerifund has incorporated helping to make their customers successful into every aspect of their business. Today, with over 15 employees Amerifund is a company whose team members are proud of whom they work for and whose customers are comfortable and confident of whom they work with.
At Amerifund, SUCCESS is not an objective but rather the expected result of doing many small things right.
Amerifund works with a variety of banks, lease companies, income funds and private investors. They pride themselves on being creative to satisfy clients' needs and understands that each of their customers have different needs and those needs require customized solutions.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.