Microelectronics Technology Co. Enters Into Letter of Intent to purchase Cloud Data Corporation
Microelectronics Technology Co. (pinksheets:MELY) (hereafter "The Company") is pleased to announce that it has entered into a letter of Intent for the purchase of all of the existing outstanding shares of Cloud Data Corporation.
The terms and condition of the share exchange have been finalized and the closing is subject to certain due diligence to be completed over the following weeks. It is anticipated that the transaction will close and be effective August 26, 2011…


Steve Dietch, vice president of marketing for cloud solutions and
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