SCOTTSDALE, AZ – February 21, 2013 – MediaTechnics Corporation (PINKSHEETS: MEDT) is pleased to announce that it has executed a letter of intent to sell more than $500,000 of LED based grow lights to Evergreen Systems Incorporated (“ESI”) and as much as another $500,000, or more, in solar power products over the next twelve months. The parties are currently negotiating the terms of a long-term agreement.
ESI and its affiliated companies and partners lease lighting and hydroponic equipment to established non-profit medical marijuana cooperatives in California that are fully compliant with state medical marijuana laws.
According to ESI, the grow lights only produce light in the wavelengths to which Chlorophyll A and B respond, dramatically reducing the power necessary to grow plants. The use of solar power generation equipment is intended to reduce the carbon footprint of the cooperatives while ensuring high quality products for their members.
MEDT continues to work towards completing its 2012 Financial Statements, as well as an updated Initial Company Information Statement and intends to publish them via OTC Markets as soon as possible.