Cloud Data Corp's Subsidiary Dynamo Servers Platform as a Service Exceeds Projections.
MONARCH BAY, Calif., Jan. 30, 2013 /PRNewswire via COMTEX/ --
Microelectronics Technology Co. (OTC-BB: MELY): Microelectronics Technology Corporation is pleased to announce its wholly owned subsidiary, Cloud Data Corps's new business center the Dynamo Server Division, is ahead of internal projected revenues.
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Sproq PaaS provide an environment for developers and companies to host and deploy applications more easily. Simply put, PaaS companies shield developers from the hassle of setting up, configuring, and managing things like servers and databases, so that they don't have to see the infrastructure side.
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The MarketCloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. Cloud computing provides computation, software, data access, and storage services that do not require end-user knowledge of the physical location and configuration of the system that delivers the services. Parallels to this concept can be drawn with the electricity grid, wherein end-users consume power without needing to understand the component devices or infrastructure required to provide the service.
The Dynamo server division now is offering valued priced dedicated server rentals to third party customers. The servers are located within Canada in its Vancouver, "POP" with expansion plans for the next quarter to include Chicago and Dallas.
This division is a response to the significant demand by the company's customer base, creating a niche market for the company to exploit with the assurance of an in place customer base upon initiation.
In addition to the Dynamo dedicated server offering, the Vancouver co-location will also house Cloud Data Corps Sproq.com servers.
Sproq next generation cloud application hosting customers will be able to start with a single Sproqet, as they need to scale up they will be able to purchase additional Sproqets.
Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is now scheduled for launch third quarter 2012.
For further Information: Microelectronics Technology Co. President:
Mr. Brett Everett1-949-436-9382www.melylanding.comwww.clouddatacorp.comwww.melypk.com www.sproq.com www.domainstutter.com
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.
SOURCE Microelectronics Technology Co.
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