MediaTechnics Settles $17,000,000 Lawsuit for $3,000

LAS
VEGAS, NV / ACCESSWIRE / June 6, 2016 / MEDIATECHNICS
CORPORATION (OTC: MEDT) is pleased to announce that it has reached a settlement agreement for its lawsuit(s) brought by the Estate of Michael Gragnani et al. along with a companion case. These two suits have been winding their way through various California courts since December of 2010 and demanded more than $17,000,000. They involved complaints related to homeowners insurance stemming from the defunct mortgage operations of a former MEDT subsidiary. MediaTechnics settled the cases for the sum of $3,000. The Company paid this amount in lieu of filing a motion for summary judgment, as company counsel believed $3,000 was less than the cost of actually filing the motion.

Jeremy Carr, CEO of MediaTechnics stated, “We are finally ready to take this company to the next level without the threat of a $17,000,000 lawsuit hanging over our heads. We could not be more pleased with the conclusion to this situation.”

ABOUT MEDIATECHNICS CORPORATION

MediaTechnics Corporation (OTC PINK: MEDT) (http://www.bloomberg.com/quote/MEDT:US) and our subsidiary BlazeNow Inc, specialize in providing ancillary products and services to the medical and recreational Cannabis industries. Our management will utilize industry experience to target the areas of the market with the highest profit potentials. We believe in the future legitimacy and profitability of the industry based on recent studies showing bi-partisan support of Cannabis legalization. We believe that Cannabis provides a healthier alternative to conventional pharmaceutical and recreational drugs and will play an important role in the future of our country’s health care. We are determined to be a dominant force in defining this emerging market.

Be sure to visit the company’s website at www.medtcorp.com and sign up for the company’s EMAIL
ALERTS to stay current on news.

Shareholders and interest holders may also stay current with MediaTechnics Corporation Updates:

Twitter: @MediaTechnics, or
Facebook: https://www.facebook.com/mediatechnics

ABOUT BLAZENOW INC.

BlazeNow Inc., a subsidiary of MediaTechnics, is poised to become a leader in the way cannabis connoisseurs access delivery services, head shops, dispensaries and doctors, BlazeNow Inc. has released its BlazeNow™ app (www.blazenow.com) for use by cannabis business owners and consumers. The app enables business owners to provide accurate and up to date information to consumers and provides a much needed advertising tool for small businesses, and up and coming cannabis brands.

The product and consumer data that we collect through our platform is valuable to entrepreneurs, investors, advertisers, policymakers, and more. By offering a premium quality product and customer service at an affordable price we are positioned to be an integral part of this emerging industry. “We are working tirelessly to add new features and improve the site in order to provide a premium user experience,” says Jeremy Carr, CEO of MediaTechnics and BlazNow Inc.

Accredited Investors interested in investing in BlazeNow should contact the company at 1-(844)-99-BLAZE [25293], investors@blazenow.com or http://www.evergreensystemsincorporated.com/investors-1/.

Be sure to visit the company’s websites: www.blazenow.com to sign up for the company’s EMAIL
ALERTS to stay current on news.

Shareholders and interest holders may also stay current with BlazeNow Updates:

Twitter: @BlazeNow420, or
Facebook: https://www.facebook.com/blazenow420

FORWARD-LOOKING STATEMENTS

This press release contains 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 (the “Act”), and it is the Company’s intention and belief that all such statements are covered by the safe harbors created by the 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,” 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.

SOURCE: MediaTechnics Corporation

ReleaseID: 440802