Good Afternoon ST Members,
My brand new profiled pick is MELY. MELY is in one of the hottest sectors currently which is Cloud Computing.
MELY through its acquisition of Cloud Data Corporation is an Incubator of Internet Technologies that is strategically positioned to capitalize on the tremendous growth of the $40.7 Bln Cloud Computing market.
With an oversold chart MELY could get very interesting tomorrow and should be on all Stocktwiter members radar's.
StockTwiter Sub-Penny Bottom Bouncer
MELY
Microelectronics Technology Corp (Mely)
Company Description
Microelectronics Technology Corporation, through the acquisition of Cloud Data Corporation, an Incubator of Internet and Social media technologies, is positioned to capitalize on the exponential growth of today’s technology market within Cloud Computing.
MELY’s unique technologies provide a model for enabling convenient, on-demand access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction.
MELY’s proprietary operating platform DomainStutter, is a unique platform that is capable of deploying hundreds of websites rapidly and efficiently enabling the propagation of content rich websites virtually within minutes.
DomainStutter is hooked into the cloud computing space through the utilization of Virtual Private Servers powered by XEN. In the Internet hosting service industry, virtual private servers fill a void between shared web hosting service and dedicated hosting service.
They allow root-level access to individual clients without requiring physically dedicated servers. They are most widely used by businesses and individuals that need a customized solution that cannot be filled in a shared hosting environment.
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Cloud Data Corp allows Microelectronics Technology Corporation to differentiate itself within the technology market by providing leadership in the following areas:
- A provider of Cloud Computing Solutions for the on an International basis with servers in multiple countries including the United States, Canada, and Europe..
- Owns significant proprietary patent pending Internet Technologies that set it apart in development and implementation.
- A model for enabling convenient, on-demand access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction.
- Provides the ability to build relevant, engaging websites, allowing our clients to attract customer’s easier and providing client loyalty back to Cloud Data Corp.
- Cloud provides the opportunity for Microelectronics Technology Corporation in all aspects of online marketing, advertising, branding, and social media marketing
Recent News
Microelectronics Technology Corporation Data Center Update Phase One Complete
Jul 29, 2014 - MONARCH BAY, CA, United States, InvestorsHub NewsWire, 07/29/2014 - - Microelectronics Technology Corporation (OTC PINK: MELY) (PINKSHEETS: MELY), the Company is pleased to announce the successful installation of 100 of the Company's 100 - 1 TH/s BTC servers in the Company's new data center in Washington State.
The construction and build out of the Data center is complete for Phase One.
The servers have been testing and mining over the installation period which was initiated approximately July 11, 2014 with a variable number of mining servers providing a variable hash rate over the testing period of approximately 18 days.
The mining activities to date have produced 37 BTC worth approximately $21,500.00
The company has determined that the production rate per day of BTC production from the 100 TH/s is approximately 2.4 to 2.6 BTC per day based upon the current pool configuration. The company continues to fine tune the servers for maximum production and stability.
The Company will provide forecasts and future build out schedules for the Second Phase of expansion in the near future.
The Companies facility has been built to allow for a minimum 500 servers with further expansion capability to operate 1800 BTC Servers at maximum capacity.
Addition photos and video can be viewed at the company's Facebook page:
https://www.facebook.com/MELYPK
The company expects significant results from the BTC Pool Party mining pool once the 100TH/s have been installed and are operational.
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
CONTACT:
For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1-949-436-9382
info@melypk.com
www.melypk.com
www.dynamoservers.com
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